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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: Income tax after the abolition of the super gross wage may be from 15 to 19 percent. The US economy fell by a record 31.7 percent. Survey: Companies will temporarily limit investments, invest more in IT and online. Bundesbank: A vaccine may be needed to fully revive the economy. Deutsche Bank improved its outlook for this year's global economic development. CZSO: 60 percent of entrepreneurs have experienced the impacts of the coronavirus crisis. Industrial prices slowed down their year-on-year decline again in July. Respilon is already producing respirators in Brno, and is preparing a second line. Hartmann-Rico will not produce respirators in the Czech Republic, but in Germany. CVVM: Czechs' opinions on the economic situation are improving again. BBC: Argentines are suffering from quarantine, which has been in place for five months in parts of the country. Analysts: Industry data is positive, but the decline will continue. Analysts: Retail stagnated in June, a decline is expected this year. The German economy fell by 9.7 percent in the second quarter. The MF sold bonds for five billion CZK, interest was significantly higher. Mazars: The Czech Republic and Slovakia have the highest insurance contributions in the region. Confederation of Industry: The pandemic has reduced companies' income, profits and orders. Expert: The collapse of the construction industry is the worst result in seven years. The Czech share in space events is growing, over 60 companies have participated.

Stock exchanges: Gold is breaking records, a weak dollar and support for the economy are helping. The price of gold has exceeded $2,000 per troy ounce for the first time.

Finance: Broker Consulting's revenue from its main activity increased by 12 percent this year. The Czech National Bank has worsened the outlook for public finances this year and next year. The New Zealand central bank has expanded its bond purchase program. SocGen, the owner of Komerční banka, has another quarterly loss. Buffett bought shares in five major companies in Japan. APS's revenue increased by one percent last year to CZK 1.2 billion. RB: The GDP decline will be the deepest since the transformation, it will not exceed six percent. S&P agency has worsened the outlook for Boeing's credit rating. The Czech National Bank has left rates for five banks to cover systemic risk. Quarterly profit of banks in the US has fallen by 70 percent again due to coronavirus. MF: The volume of money on the financial market increased to CZK 6.9 trillion last year. Bloomberg: The pandemic is pushing millions of Europeans into a debt crisis. The long-term investment account is supposed to be an alternative to saving for retirement. Trinity Bank's net profit rose to 31 million crowns in the first half of the year. ČSOB's net profit fell to 3.5 billion CZK in the first half of the year. The four major Chinese banks have the largest drop in profit in a decade. The British central bank: The economy will recover more slowly. EY: Czechs are starting to worry about their finances, a third of their income has fallen. Jiří Schneller has joined the board of directors of the Czech Export Bank. Analyst Kovanda has become the chief economist of the Czech Trinity Bank. Analysts: The price of silver has exceeded seven-year highs, and will continue to rise in price. Raiffeisenbank's net profit fell by 52 percent to 1.3 billion CZK. CNB note: The rise in prices is an attempt to compensate for the loss of income. RBP will contribute two million for widespread testing in companies.