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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: Economic growth slowed to 2.4 percent last year, and will probably continue to decline this year. The number of infected people in the world is growing, the situation in China is stabilizing. Prices accelerated growth to 3.7 percent in February, which could be the peak. The Turkish economy has recovered from recession, and production is also increasing. Analysts: The negative impact of coronavirus on the economy is intensifying. Year-on-year inflation is estimated to have increased in February. Czechs are among the most optimistic in the EU in assessing the situation in the country. Italian restaurants are reducing the number of guests due to quarantine. According to analysts, the pressure on wage growth in the economy is easing. Cross-border mergers of companies in the Czech Republic are increasing, there were 48 last year. Bavaria has banned events for more than 1,000 people due to coronavirus. Samsung in Korea has closed one of its factories due to coronavirus. Analysts: Coronavirus will drag the Italian economy into recession. Bankers: The effects of coronavirus on the economy are already visible. Unemployment fell in February, the decline is expected to continue. Kiwi.com founder Oliver Dlouhý won the Entrepreneur of the Year award. Businesses: The state should pay the wages of companies losing money due to coronavirus. PwC: The value of mergers and acquisitions in Greece increased by 16 percent last year. The IMF has worsened the outlook for the Chinese and global economies due to coronavirus. Activity in the US service sector has fallen, it is the lowest since 2013. BBC: Chinese companies are struggling with a lack of money for wages and invoice payments. China remains Germany's largest trading partner, the Czech Republic is tenth. G7 countries are ready to support the economy if necessary. The South Bohemian company produces packaging for parts of the Ariane 6 rocket. The average wage has increased to CZK 36,144, but the pressure for growth is easing. PwC: Czech women have improved their employment the most out of all OECD countries. Confidence in the economy has fallen, consumers and companies are more skeptical. Reuters: Coronavirus is hampering China's New Silk Road program.

Stock exchanges: The Russian Central Bank is preparing an intervention to support the currency. The price of oil has fallen by 30 percent, the most since 1991. The Russian Central Bank is preparing an intervention to support the currency. Industrial metal prices are falling significantly due to concerns about the coronavirus.

Finance: The aggregate profit of US banks fell by 1.5 percent last year. Buffett's company achieved a record profit last year thanks to the growth of shares. Market reaction to coronavirus exaggerated, says Allianz boss. Moody's: Czech economic growth will slow to about two percent this year. The Fed surprisingly lowered the base rate by half a percentage point. Reuters: The ECB held extraordinary talks on the impacts of coronavirus on Tuesday. Agency: Payment morale of Czech borrowers improved again last year. The Bank of Canada lowered interest rates due to coronavirus. Aktuálně.cz: The CNB's website redirected to advertising. The four largest banks' net profit rose to 62 billion last year. Insurance companies: Damages after strong winds overnight will be lower than those from Sabine. Companies allow employees to work from home and cancel business trips. The CNB fined Komerční banka two million CZK.