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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Further rate hikes in the US could throw stock markets into chaos, investor thinks. Survey: German companies plan to expand activities in Africa next year. Survey: Investments from the US and Europe to China often go through tax havens. Survey: German companies expect only a slight recession in the German economy. Ministry of Culture to support cooperation between designers and companies. Business activity in the eurozone fell less than expected in December. Allianz Trade: Global economic growth could accelerate next year. Study: Czech companies will invest CZK 61 billion in digitalization over three years. Analysts say the eurozone economy will shrink next year, partly due to inflation. PwC: 73 percent of CEOs expect a decline in the global economy this year. According to Reuters, Greece has repaid a loan installment from the eurozone early for the first time. The IMF does not expect it to worsen the outlook for the global economy, the fund's head said. 30 people were indicted in the 438 million ČKD Praha DIZ fraud case. The World Economic Forum session will have a record turnout this year. The Czech Republic enters 2023 with a presidential election, people will go to the polls again in a year. Oxfam: Extreme wealth and poverty have increased simultaneously for the first time in 25 years. The Swiss Central Bank reported a record loss of 132 billion francs. Lagarde: The economic prospects of the eurozone have improved despite high inflation. The inflation rate in Argentina exceeded 94 percent, the fifth highest in the world. The budget had a deficit of 360.4 billion CZK, the national debt increased to 2.895 trillion. Bloomberg: Falling property prices in Sweden could deepen economic crisis. Senate committee rejects OLAF probe into bank secrecy. Creditreform: Germany sees first rise in corporate insolvencies this year since 2009. According to CRIF, the number of bankruptcies among companies and entrepreneurs in the Czech Republic fell last year. Democratic congressmen have released Trump's tax records after years of wrangling. Central Bank: French economy to weaken sharply next year. Industry and construction slowed in November, foreign trade still in deficit. Markets underestimate ECB's determination to continue raising rates, warns Governing Council member.

Stock markets: BASF and Eramet plan nickel and cobalt processing plant in Indonesia. Gold price hits six-month high. Bloomberg: Tesla to reach preliminary agreement to build plant in Indonesia. Traders: Czechs are selling their savings in precious metals more often. The price of gas for the European market has dropped below 70 euros per megawatt hour. NWT's creditors have reported claims for almost 1.682 billion crowns.

Finance: The US office has extended Sberbank CZ's exemption from sanctions, sales can continue. Analyst: Oil and gas prices have increased this year, industrial metals have generally become cheaper. Goldman Sachs and Morgan Stanley's quarterly profits have fallen significantly. Banks: The share of problematic bank loans to households has further decreased. Aircraft leasing companies are assessing risks in China and Taiwan. Jack Ma will no longer control Chinese fintech giant Ant Group. Hartenberg from Babiš's trust funds has multiplied net profit to 130 million CZK. JPMorgan and Bank of America increased profits, but Citigroup's profit fell. US regulators issued a joint warning to banks about the risks of cryptocurrencies. Russia's largest bank Sberbank's profit fell by 76 percent last year due to sanctions. Survey: 35 percent of Czechs have experience with investing.