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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: Deloitte in the Czech Republic withdrew a study on the impact of warming on the economy. EBRD expects a more significant economic decline in the countries where it operates. The Slovak Central Bank improved its economic outlook. Analysts: Industry was unpleasantly surprised, September should be better. Bloomberg: The virus has dragged a record number of large companies into losses in the US. Proposal: Part of the future EU money for employment will be spent on transport. The Nobel Prize in Economics was won by Americans Milgrom and Wilson. GLP is building an industrial zone in Ostrava for more than a billion crowns. Year-on-year inflation fell to 3.2 percent in September, and is likely to continue to fall. Switzerland improved its outlook for this year's economic development. The average company will spend 223 hours a year on paperwork, less than last year. Consumer price growth slowed again, to 3.2 percent in September. The British economy grew less than expected in August. IMF: Economic outlook not as bad as expected. Investor confidence in the eurozone economy fell for the first time in six months. The Chinese boosted their domestic economy during the holiday week. The value of cryptocurrency mergers in the first half of the year exceeded the entire year of 2019.

Stock exchanges: The price of gold fell to a two-month low. Metal processor Saker's sales fell to 2.321 billion CZK last year. Central bank gold reserves increased by 5,000 tons in ten years.

Finance: Finemo.cz: Approximately 400 seniors used a reverse mortgage in five years. Government debt for this year's 2nd quarter is the highest in 20 years. Analysts: The price of gold has increased by a quarter this year, silver by a third. The World Bank will provide $12 billion for a vaccine for developing countries. Banks have provided call center operators to trace the infected. KPMG: Household finances are starting to feel the economic slowdown. Survey: Czechs most often save 1,000 to 3,000 crowns per month. The ECB is considering changing its current policy due to the coronavirus. Bank of America's profit has fallen, Goldman Sachs has almost doubled it. Survey: An unexpected event has befallen 80 percent of Czechs in five years. Morgan Stanley buys asset manager Eaton Vance for $7 billion. JP Morgan increased its profit, while rival Citigroup earned less. Association: Interest in deferring payments is declining, Czechs are starting to pay off loans. As of September 18, banks have accepted 401,000 applications for deferring payments. Non-bank credit firms have rules for clients in moratorium. ECB intensifies work on digital euro. Fed extends restrictions on banks' dividend payments and share buybacks. Millions of bank accounts added in Latin America during pandemic. France to boost economy with 42 billion euros next year. Rusnok: Use of other monetary policy tools is not necessary. JPMorgan to pay $920 million for market manipulation. Household debt to banks rose to 1.819 trillion crowns in August. G20 extends repayment moratorium for poor countries. Survey: Almost a third of Czechs felt the impact of the pandemic on their finances. Komerční banka acquires assets in Roger financial company.