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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: Year-on-year inflation is estimated to have increased in February. Kiwi.com founder Oliver Dlouhý won the Entrepreneur of the Year award. Coronavirus will cost Italian tourism up to billions of euros. Chinese factory activity fell to a record low in February. The average wage increased to CZK 36,144, but the pressure on growth is easing. The Czech National Bank does not rule out a rate cut due to coronavirus, the infection will affect GDP. Economic growth slowed to 2.4 percent last year, and will probably fall further this year. Analysts: The negative impact of coronavirus on the economy is intensifying. Chamber: Quarantine for a tenth of workers would cost CZK 23.5 billion. The Japanese economy declined at a rate of 7.1 percent at the end of the year. Bankers: The impacts of coronavirus on the economy are already visible. Businesses: State to pay wages to companies losing money due to coronavirus. PwC: The value of mergers and acquisitions in Greece increased by 16 percent last year. According to analysts, the pressure on wage growth in the economy is easing. Dlouhý: Companies could lose tens of billions of CZK due to coronavirus. According to Raiffeisenbank, the economy will grow less due to coronavirus. Analysts: Inflation will remain high, but then it will fall faster. Expert: Coronavirus can reduce Czech GDP as during the currency crisis. Agricultural profit was 17.5 billion CZK last year, production was record. Bloomberg: The global economy is gripped by a rare double shock. OECD sharply worsened the outlook for global economic growth. British economic growth unexpectedly stopped in January. Unemployment fell in February, the decline is expected to continue. Bloomberg: Coronavirus could cost the world 2.7 trillion USD. Prices accelerated growth to 3.7 pct in February, may be peak. Russian tourism industry feels coronavirus impact, asks for help. CNBC: Eurozone faces decade of negligible growth at best.

Stock exchanges: Russian miner Norilsk Nickel's profit rose 95 percent last year. Industrial metal prices are falling sharply due to coronavirus concerns. Russian Central Bank prepares intervention to support currency. Russian Central Bank prepares intervention to support currency.

Finance: The bank has applied for permission to operate the National Development Fund. European banks are sending employees home due to coronavirus. Rusnok: Changing the CNB's rates is not a very effective tool right now. The government will discuss support for businesses due to coronavirus for 600 million. Moody's: Czech economic growth will slow to about two percent this year. Companies are allowing employees to work from home and canceling business trips. Sberbank, Russia's largest bank, saw its quarterly profit rise by a fifth. Česká spořitelna's profit rose by 15.5 percent last year to 17.7 billion. People in the Hradec Králové region are most likely to take out a home loan. The Bank of Canada has cut interest rates due to the coronavirus. The Czech National Bank will monitor the financial problems of self-employed people due to the coronavirus. Reuters: The ECB held extraordinary talks on the impacts of the coronavirus on Tuesday. CRIF: Total debt of the Czech Republic's population rose by 5.8 percent to 2.45 trillion. The Fed surprisingly lowered the base interest rate by half a percentage point.