90 000,00 USD

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

Economy: Unemployment remained at 3 percent in March, will increase significantly in April. The Moravian-Silesian Tax Office must examine the procedures of subordinates. The number of purchases via EET increased by 12 percent during the weeks in quarantine. Survey: 72 percent of developers have financial losses due to coronavirus. Dačice THK extended the shutdown, other South Bohemian companies are also standing. PwC: Four out of five Czech companies expect a decline in revenue or profits. According to most analysts, year-on-year inflation in March fell. Analysts: Industry was not in shape even before the pandemic, a slump is coming. The French economy may have fallen by up to six percent in the quarter. IMF: Coronavirus will deal the worst blow to the economy since the Great Depression. Study: Virus could plunge about half a billion people into poverty. The share of companies out of operation has fallen to 67 percent. Reuters: China's economy will grow at its slowest pace in 44 years this year. Bioster is operating at full capacity, sterilizing medical equipment. WSJ: Why won't seasonal flu sink the economy like Covid-19? Morgan Stanley: The US economy will fall the most this year since 1946. The coronavirus in Africa threatens many people's livelihoods. A sawmill for processing coniferous wood has been put into operation in Štětí. Inflation will probably continue to fall, having fallen to 3.4 percent in March. A worker at Česká zbrojovka has Covid-19, production at the company continues. Analysts: Good labor market data is temporary, deterioration will come. Unions: Construction work should continue without interruption if possible. Bernanke: The US economy may fall by 30 percent in the quarter. MF: A blanket VAT deferral would be an unjustifiable advantage. The economic advisory team of the crisis staff divided the work today. Survey: 82 percent of construction workers have financial losses due to coronavirus. Spain has eased coronavirus measures, people are allowed to go to work. Analysts: The economy could benefit from earlier implementation of measures.

Finance: UniCredit will lay off 5,200 people in Italy, but will employ 2,600 young people. Survey: The pandemic is complicating the lives of three-fifths of Czechs. The price of gold is today the most expensive in history in korunas. More than a hundred organizations are calling on creditors to provide relief for poor countries. ČMZRB provided 14 percent more money to entrepreneurs in the first quarter. Iannaccone is the vice chairman of the board of directors of UniCredit Bank in the Czech Republic. Fitch has worsened the outlook for Česká spořitelna and Komerční banka due to the virus. Insurance companies have not seen increased interest in life insurance. The Fed will release $2.3 trillion to support businesses and local governments. JPMorgan and Wells Fargo expect an avalanche of loss-making loans. HK: Entrepreneurs face bureaucracy when applying for aid. Analysts: Banks have not yet changed interest rates on savings accounts or mortgages. Association: Banks have received 140,000 applications for loan repayment deferrals. According to UniCredit Bank estimates, the economy will fall by 11 percent this year. J&T Bank's net profit rose by 52 percent last year to CZK 3.2 billion. Powell: The Fed will continue to act forcefully, actively and aggressively. Reuters: Georgieva courageously steers the IMF in the coronavirus storm.