money contracts is the golden decade of growth coming to an end for europe's economic problems. fungus wipes out the knowledge process experts say 95 percent of the world's banana production could be at risk. this is business. as well come the latest figures published by china show from its factories is growing albeit at its slowest rate for 17 years the impact of the trade war with the u.s. is taking its toll at home bought a white house decision to delay some to the u.s. plan to slap on chinese products is the least some hope that tensions tripping easing. the delayed tariffs if they'd hit in september would have been no laughing matter for ordinary americans for the 1st time they would have affected consumer products including toys closing in the electronics that's why president trump says he's been spending them for festive reasons explaining to reporters that the

tariffs would have had too much effect on people's christmases. the president also says the decision follows constructive phone calls with the chinese beijing's incentive for ending the trade conflicts was laid bare in figures announced by the government on wednesday july is industrial output growth of 4.8 percent is well below expectations and the most sluggish since 2002 the numbers also paint a picture of an economy slowing across the board with disappointing retail and investment figures the increasingly tangible impact of the trade conflict with the united states shows it's more than just a gang. that's been in a financial correspondent and dragged from singapore well the latest terror of delayed by donald trump have any impact on this kind of data next quarter was it too little too late. ok i have the only gift that this delay in terrorists is bringing to china is time this delay is going to be able to

buy time for the negotiators to requote the negotiating skills and assets to the table come september when they have those talks with the us now the data that's been put out by china is not only reflective of what's of what impact the us has have done to the chinese economy but it's also showing how china is struggling to stabilize its economy as it moves away from manufacturing economy and into a more domestic consumption driven economy but that seems to be a weak point for china because g.d.p. is at its slowest as well 6.2 percent staggeringly in the in the 2nd quarter of this year. you mentioned the trade talks will continue in september what can we expect. well analysts say some of those tears will go on and go ahead come september 1st but we won't see any conclusive talks

coming out of those discussions you know but the move by trump delaying his tariffs is seen as an all of brunch of sorts to china and this is with the hope that you know of following the talks china might actually see some concessions impose some concessions to the u.s. in a reciprocates of more now this is also. a definite softening entry point for the negotiations to start on september 1st. thing in singapore thank you . and a similar picture seems to imagine here in europe the continent's biggest economy is running out of steam germany's latest growth figures have fueled concerns that the country could be on its way into a proper was session the economy contracted 0 point one percent in the last quarter

after posting lackluster growth best the 1st 3 months of the year and none at the end of last year the slump has been attributed to a fall in sales of machine parts and cast china. breaks it a difficult global trade environment should the economy complex again in the next 4 to germany with the fish will be in a recession. of all sectors it's the hitherto invincible industrial sector that's begun to drag on germany's economy for years it's been the driving force behind the recovery but no longer german industrial production in june 29000 was 5 point 2 percent down on june last year that's the largest reversal since the global financial crisis and recession 10 years ago exports of also long been a pillar of the economy also a thing of the past right now germany's exports in june 29th seen were a shocking 8 percent lower than in june 28th seen industrial companies are dealing

with a number of factors the trade war between the us and china is exerting a drag on the global economy for years also surround brags that the ukase impending departure from the e.u. germany's energy transition the switch to sustainable energy sources is still very much work in progress. and adding to the country's worlds its flagship auto industry is struggling with holmey troubles they include the notorious diesel emissions scandal the conversion to electric drive systems and problems with digitalisation in general. all these issues are combining to weigh on overall economic output. and with the outlook not appearing too promising either it could well be that the e.u.'s number one economy is heading steadily towards recession. and to find out whether it is on order i spoke to marcel foster he's the chief of the influential german institute for economic research and i asked him how bad the

contraction really is and how much of it is homemade. we're likely to have now no other quarter of negative growth so germany's probably in a technical recession but it's no reason to panic the structure of the german economy is sound we have companies that are competitive that have high earnings we have a very strong labor market with record employment and we have a strong government with significant fiscal surpluses so the problem really comes from global trade which has been contracting by 8 percent over the last year germany's economic model depends on trade so this is the result of the global crisis from a trade conflict from uncertainty about brics said about it early about geopolitical conflicts so we should really not panic the german economy is fundamentally sound so you're saying there is nothing obvious is on there i don't think this is a homemade slowdown germany has challenges in the long run to make the

transformation from industry to services towards digitalisation but there's no reason why germany shouldn't have another 234 very good economic is again germany's economy is sound and i don't see the problems really stemming primarily from the domestic economy so do you agree with the chancellor and she said that those stimulus is needed. no germany needs an economic stimulus in particular asses economic slowdown is comes from the global economy it's important for the german government to stabilize the german economy through a fiscal stimulus that's what we need now in germany the government has big surpluses it could it has the money to do so we need more public investment in infrastructure in innovation in education this is an opportunity both in the short run to stabilize the economy and to provide higher potential more growth more welfare in the long run what about lowering taxes. lowering taxes can be helpful it

depends how it is done if it's lowering taxes on investment. i would say that's very much needed because we need more private investment if it's about a tax cut for the rich. the economic benefits are close to nil so the government needs to get their priorities right think how can they stabilize the economy how can the best spend the money in my view the abolishment of the of the tech surcharge on income which really benefits the top 30 percent of income earners abolishing that tax. move not really how the german economy. now do you like but nonis well frankly who doesn't bananas are big business the livelihood of millions of farmers mostly in asia and central america depend on it the bahamas the world's most popular fur we eat 100000000000 of them every year many varieties but the cavendish is the most popular 95 percent of all

exported bananas are cavendish and that is becoming a problem because there is a fungus known as the panama disease that attacks exclusively bananas of the cavendish variety it has spread through asia and it is spreading $430.00 acres section of colombia's another crop has already been contaminated some experts are already predicting the end of the banal. the lethal fungus devastates banana plantations the fuse there e m organism has already destroyed crops in asia now it's in latin america this is a presence of the fuse r.e.m. fungus continues to be contained in the like widely out of area on $432.00 acres 6 banana plantations are affected there are national. colombia has declared a national emergency on the country's agricultural institute has launched a nationwide effort to increase on a 3 controls to contain it the arrival of the fungus in latin america the world's

largest exporter of bananas is a major threat. colombia is one of the world's leading but on exporters after ecuador costa rica hung jury us panama and guatemala. most of the banana sold in western supermarkets are of the cavendish variety which have traditionally produced a solid gildea under easy to transport as a result they've become somewhat of an export sensation. but because of mass cultivation of this one kind of banana many plantations lack genetic diversity diminishing the chances of a strain that is resistant to the disease that has led many farmers to fear for their livelihoods in columbia alone banana plantations occupies some $50000.00 hectares the country exports some $100000000.00 boxes of the manually at a value of $860000000.00 tens of thousands of jobs are lie in the industry and. the worry now is a lot of people are being left without work banana plantations have closed several

have already shut they're closing them as there are a lot of disease and it's damaging to hold or not of plantations. the deadly fungus struck before in 1960 almost all plants of the most common variety of banana were destroyed they were replaced with the cavendish variety now it too must be replaced. by me and the business same here in berlin for more business news and back stories check out the w dot com slash business to follow us on social media world. go here's a quick look at global markets at this hour.

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brilliance charming. and elizabeth dole. model. on t w. s so west europe the european idea is in crisis. it's to have a future you will meet champions young champions. league player for activists who are country players. do they stand a chance flame save the group an idea thanks but my god i need to stand up for european values and contribute to something

important that shit. huge or as europe starts september 2nd on g.w. play. play play play. this is d w news live from berlin call after the storm hong kong's airport reopens after days of protest forced a shutdown protesters apologize for violent outbursts among their ranks the beijing comes out strong slamming demonstrators for what it calls terrorists like acts. also coming up not so likeable facebook under fire again this time for listening in

to its users conversations after having long dismissed rumors that they did any such thing plus a woman with.