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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: Bankruptcies in the US are at a 14-year low despite the pandemic. Researchers from Mendel University will analyze tax evasion. Deflation in Germany deepened even further in November. Business activity in the eurozone weakened sharply in November. MSCI will exclude Chinese companies from global indices. Atradius: The world economy will fall by 4.3 percent this year,. A record 370,000 people lost their jobs in Britain in three months. The French central bank has worsened the GDP outlook for next year. Czechs usually save on energy, companies pay more for electricity. Analysts: The economic recovery is behind the growth in wages, the situation will worsen. The Indian economy is in recession for the first time in history due to the coronavirus. Analysts: Foreign trade performed better than expected in October. A record number of companies specializing in acquisitions entered the stock exchange. The number of suspended trades increased by 39 percent this year to 90,000. Every third European claims to have lost part of their income due to the pandemic. Barometer: Czech companies have increased orders, they are stopping layoffs. According to Berlin, Europe must maintain data independence. The rate of growth of female unemployment is a third faster than that of men. Křetínský is reorganizing his group, Tkáč will probably return to EPH. Confidence in the economy has fallen again, most among service entrepreneurs. Bundesbank expects strong growth in the German economy after the second wave of the virus. Sentix: Investor confidence in the eurozone economy is the highest since February.

Stock markets: Gold price falls below $1,800, lowest in nearly five months.

Finance: Bank loans rise by 198 billion to 6.27 trillion CZK in October. Fed: Economic activity in several regions slowed due to virus. Provident: More clients now need to borrow for current expenses. Goldman Sachs to establish headquarters for stock trading in Paris. Chinese banks to increase profits again next year, Bank of China expects. Heureka Group to increase five-year bond issue to 650 million CZK. Index: Average mortgage rate in November lowest since March 2017. Banks' net profit for three quarters fell by 31.7 billion to 38.6 billion CZK. S&P: Global debt will reach USD 200 trillion by the end of the year. Gold sales in the Czech Republic are rising significantly during the pandemic. Press: Italian bank Monte dei Paschi could cut up to 6,000 jobs. Banks' net profit for the three quarters fell by 45 percent to CZK 38.6 billion. Experts: The Czech National Bank indicated that it is not afraid of further growth in real estate prices. McKinsey: Banks expect four years of lower profits due to the pandemic. Equity fund performance rose to 5.1 percent in November. The Czech National Bank supported the financing of more than 10,000 projects, a record. Former World Bank chief James Wolfensohn has died. NERV wants to initiate the creation of a national development bank in the future. According to estimates, the Czech National Bank will leave interest rates unchanged on Thursday. Co-owner of Penta Haščák has given up executive positions in the group. ČSOB survey: Half of businesses had to reduce their activities. Société Générale to close 600 branches in France within five years.