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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: IMF expects to increase estimate of losses caused to the global economy by the pandemic. Gasoline price in the Czech Republic stagnates below 36 CZK/l, diesel continues to fall slightly. AP: Bulgarians travel en masse to Turkey, using the local currency's decline to make purchases. The unemployment rate in Britain surprisingly fell to 4.1 percent in November. Industrial producer prices rose by 13.5 percent in November, the most since the founding of the Czech Republic. The inflation rate in Turkey rose above 36 percent, significantly exceeding estimates. CRIF study: The number of company bankruptcies in the Czech Republic was the highest last year since 2017. Household debts with banks rose to 2.032 trillion crowns in November. WSJ: Turks are buying more bitcoin and tether due to the weak domestic currency. Deloitte: Economy will grow by 4 percent this year and reach pre-pandemic levels. Spiegel: German government significantly lowers outlook for this year's economic growth. US economy grew by 5.7 percent last year, the most since 1984. Bruegel: Disruption of Russian gas supplies would have serious impacts on EU economy. IMF calls on El Salvador to abandon introduction of bitcoin as legal tender. Developers disagree on consequences of interest rate hike, talk about real estate bubble. CT: President of the Chamber of Commerce Vladimír Dlouhý is a candidate for governor of the Czech National Bank. French economy grew by seven percent last year, the most in 52 years. A group of mainly American millionaires called for taxation of the rich. Rusnok: Raising rates above five percent next year is extremely unlikely. The world must release frozen funds to famine-stricken Afghanistan, Guterres said. Germany will help companies hit by high energy prices, the minister said. Taiwan has promised to invest in Lithuania, while Vilnius faces pressure from Beijing. The government wants a tax cap, financial consolidation or the abolition of the EET. China's economy grew by 8.1 percent last year, the fastest in a decade.

Stock exchanges: Gas continues to become significantly cheaper, the price for the European market has fallen below 100 euros per MWh. The price of gold is losing almost four percent this year, the most since 2015. Shares of the manufacturer of batteries for electric cars LGES debuted with strong growth. The price of uranium is increasing significantly due to unrest in Kazakhstan. Analysts: Stocks have appreciated the most this year, bonds and gold have lost.

Finance: Mail on Sunday: British government to cut BBC funding. Bloomberg: Emerging market bonds best performers this year. Bloomberg: PayPal explores options for creating its own cryptocurrency. Ukraine needs money, limited access to markets due to invasion risk. Russia's central bank raises key interest rate to 8.5 percent. UniCredit Bank: Demand for real estate is a speculative bubble. BBC financed only commercially would not provide the same services, warns its boss. Italian bank MPS aims to raise €2.5 billion from share sale next year. China cuts key interest rate to 3.7 percent to boost economy. Hungary's central bank raises key interest rate more than expected. Crowdfunding platforms must be licensed by the Czech National Bank. Hungary's central bank raises key interest rate by most in a decade. The Fed has indicated that it plans to start raising the base rate in March. Reuters: Křetínský will probably sell his stake in Aareal Bank. US bank Goldman Sachs increased its profit and revenues to a record last year. Developers: Higher mortgage interest rates will not affect speculative buyers.