tv Business - News Deutsche Welle October 9, 2018 1:15pm-1:31pm CEST
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and you know what it's worth having a kike on us. here watching the news coming up ahead. good building with the next german city to see some streets declared off limits for diesel cars and trucks. in the german capital that will decide today. christophe will have that story in business coming up shortly. where i come from we have to fight for a free place i was born and raised in a military dictatorship with just one t.v. shadow and if you are his favorites with official information as a journeys i have walked off the streets of many characters and their problems are almost the same point to social inequality
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a lack of the freedom of the press and. we can afford to stay silent when it comes to the found something humans seem right to fools who have decided to put their trust in us. my name is jenny harrison i work. at. the international monetary fund needs and indonesia in the aftermath of the recent earthquake people there have little patience for global financing still the i.m.f. has an important message global growth is slowing and as car emissions targets have taken on a new urgency a court of berlin has to rule whether to ban diesel cars from large parts of the
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city. of color welcome to the program the international monetary fund has cut its global growth forecast to three point seven percent for this year and next that's down from almost four percent topping the list of threats to the global economy is the trade dispute between the united states and china which policymakers underscored is going to be felt around the world this year's annual meeting of the i.m.f. and world bank took place in indonesia where people are reeling after last month's natural disasters. for. the world's financial leaders did not receive an open armed well. i'm here ten days after a devastating earthquake and tsunami hit indonesia protesters want their government to focus on helping victims instead of hosting a summit for the business at least. their message didn't go entirely on her on a visit to one of the most part the affected areas i.m.f.
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chief christine legarde promised to supply funds. today. but certainly too. soon after it was back to the usual order of business with the release of the i.m.f. salacious reports on the act look for global growth the spot between the world's top two economies drawing consequences not withstanding the present demand momentum in the us we have downgraded its twenty nine hundred growth forecast owing to the recently enacted tariffs on a wide range of imports from china and china's retaliation china's expected twenty nine thousand growth is also marked down. another factor worrying economists is the rise in global debt in the last decade average national borrowings have risen from our brand a third of economic output to more than half. that's an especially big concern for emerging economies many of which have seen money leave as a result of
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a rise in interest rates. with economic titans at loggerheads and developing countries under pressure the threats to global growth appear very real. now the escalating trade conflict between the us and china is showing in german trade creating a small dent in export figures in august german companies sold goods worth more than one hundred five billion euros abroad that's a tenth of a percentage point down compared with the previous months and germany's agricultural machinery sector is particularly sensitive to the knock on effect of protective tariffs going up between the united states and china and europe. here in london and germany's northwest farmers are partial to america's john deere tractors. although some are produced locally the biggest ones are imported customers here are more interested in performance than trade
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politics. on the john deere heavy yes but they're built stronger than they have been pulling power the other tractors just can't match up of learned. german farm equipment wholesaler krone imports john deere machines and exports german machines to the u.s. u.s. sales have now slumped to twenty percent a poor season low milk prices and a slump in soybean exports to china souring the mood of u.s. farmers german famishing remake is starting to feel trump's tariffs suddenly have a knock on effect. on purchase behavior but it's too early to say what it means at the end of the day but one thing is clear certainty is causing people to hold tight money.
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small and mid-sized businesses in the brook m. slant region geared towards exports around two hundred firms do business with the u.s. and some even have production facilities there the local chamber of commerce says washington's protectionist regime and tightened visa requirements making business more difficult but no company in the region wants to give up on the u.s. market. that's playing to good food this is good for them the feeling is one of insecurity the u.s. government is perceived as unpredictable there are always new measures right now sanctions and more threats that doesn't go down we're all going. back on the customers remain committed to john deere after all they have work to do . from germany to turkey the country is among those for which the i.m.f. has slashed its growth forecast turkey's debt tops fifty three percent of g.d.p.
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and inflation is rising faster than at any time and president wretch of type ever wants fifteen year rule but there are tanking and inflation soaring missed out on has now told over one hundred companies to justify it recent price increases they meet with a view to causing fines on what he calls. for some more insight let's bring in gareth jenkins he's a turkey analyst at the institute for security and development and he joins me from istanbul welcome gareth turkey's finance minister who is also president out of one son in law is to announce a program for a what he calls for flight fight against inflation on tuesday what do you expect the program will entail. well we don't really know i mean it's only a couple of weeks since he announced the medium term program several years and that was supposed to set the template really economic policy for the turkish government and now we've had this almost panic reaction and guess what's probably going to be
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a hastily couple together a program to try to bring down you gratian i think of bigger concern than the cons and his credibility of the government and these doubts about whether i understand how serious the problem is on your central nature of the problem this is a problem with the turkish economy not hasn't had one tip say the result of problem conspiracy to undermine so you've mentioned a debt been several announcement in recent weeks on plans to strengthen the economy despite the plunging euro you don't really seem really convinced that ankara has got a grip on the current crisis no not to talk we've seen lots of measures with everyone trying to go after what he calls profiteers retailers who are increasing their prices yet when you look at the inflation figures we now have an annual consumer inflation rate twenty four percent the wholesale inflation rate of forty six percent so the essential problem doesn't mean it's the retailers facing the price
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it's there it's just a very large youth nation with how slowly facially usually takes a couple of months for retaliation as it's very large hike coming through as a result of these weaknesses in the economy and the turkish government basically appears to be in. the essence of what's happened and. we've heard inflation hitting twenty five percent in september we've seen the probe of the government into companies raising their prices how are people getting in these circumstances. at the moment you know. when the a a calling it's collapsed in august i was in didn't eat it and we went to a supermarket prices change overnight we're beginning to see now prices rising in the short term of course people can conserve the family structure is still very important in turkey still very strong so if one person in
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a family has somebody to help them and it's but the worst is yet to come i think the real crunch is going to come next year most people salaries and wages are raised at the beginning of the year a large portion of. the minimum wage which is set by the government and it's a major dynamic because if the government doesn't allow wages these people accountable really. starting prices nagar of jenkins of the institute for security and development thank you for your thoughts thank you here in berlin a court is to decide today whether to ban older more police polluting diesel vehicles in most parts of the city in a bid to improve air quality fox flagons admission scandal thrust the harmful impact of diesel engines into the spotlight with some countries now on the verge of banning them altogether car emissions targets have taken on a new urgency after a u.n. report called for unprecedented measures to reduce global warming. germany's motorists
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don't know which way to turn nitrogen oxide emissions have breached legal limits in seventy major towns and cities but which of them intends burning diesel's from this city centers and which cars will be affected. politicians or do the ring at the so-called diesel summit a week ago the greediest company chiefs the car makers would clean the diesels up but just how they'll do it remains an open question and the mooted measures are not legally enforceable anyway. all that certain is that anyone buying a diesel can't be certain will still be allowed to drive it in german cities. cities are imposing restrictions or plan to in countries including germany denmark norway sweden britain belgium the netherlands friends italy spain and greece some countries like denmark and norway want to completely ban all petrol and diesel cars from their roads it's
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a response to air pollution data which shows four hundred thousand europeans a year dying primitive deaths because of auto emissions e.u. wide limits have been in force since two thousand and eight but hardly anyone's inforce the me at the auto industry is far too important an employer especially in germany now the wind has changed brussels is insisting that emissions limits are effectively enforced pressuring governments and automakers alike but so far there's no answer to the conundrum about how fossil fuel driven cars can be made and driven also improving air quality. if you want more i can highly recommend our social media feeds. the i'm.
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in garbage and it gets worse every year. millions of plastic particles are polluting the seabed in the arctic ocean. but. in this remote region of the world. researchers from germany are trying to get to the bottom of this mr. carro. d.w. . they make a commitment. they find solutions. they inspire. africa
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