homeless us turn out in the world right now climb a tree and different awful story. faces life lesson went home just one week. how much worse can really get. we still have time to an ongoing. success. to subscribe and more news like this. turkey says it's one of the few major economies that grew in 2020 but the country's economic woes are far from over its currency is a mess and prices are out of control we'll speak with our correspondent in istanbul . also on the show germany begins to relax its winter lockdown even as case numbers seem to be on the rise again businesses want clarity. and will go to europe way

where unemployment is rising and soup kitchens are opening their doors. welcome to the show i'm stephen beers in berlin it's good to have you with us. well turkey says its economy grew last year despite the pending mc and a whole host of economic woes the government says this morning said this morning that g.d.p. went up 1.8 percent in 2020 despite lockdowns and hygenic measures affecting the country through much of the year on the pandemic is of course the only challenge turkey has faced inflation and the accompanying sky high interest rates were also expected to dent the country's economic outlook. turkey's economy used to be one of the world's up and comers expanding by around 5 percent year on year but recently ankara's economic engine has been sputtering thanks to a currency crisis and double digit inflation and that was before the global pandemic that the chill on the 630000000000 euro economy and blasts of cheap

government backed lending may have helped the country of voyage recession last year even so pandemic related lock downs and a key interest rate of 17 percent are expected to limit growth in the coming months . as the vaccination efforts pave the way to increased retail and manufacturing activity observers expect turkey to return to modest expansion. but some investors are wary of turkish president tayyip erdogan heavy hand weighing on his central bank warning the turkish government shouldn't sacrifice stability in the name of unsustainable growth. and help me break this down i'm joined now by correspondent. good morning let's start with that 1st figure positive growth despite a very difficult year for many events the colonies which we make of this. well

polls and economists had even forecasted a high of growth but yes 1.8 percent for 2020 year on year that's better than most other major economies aided by the coronavirus pandemic if you look at germany for example europe's biggest economy is considerably shrank last year but i should mention that turkey's economy was accustomed to much higher growth rates around 5 percent until a currency crisis in 2018 since then we have seen a rollercoaster of recession recovery and then of course the pandemic and the pandemic hit turkey hog's tourism revenues for example which are crucial for the nation's g.d.p. fell by 65 percent in 2020 according to official data tens of thousands of businesses had to file for bankruptcy although we're still waiting for more comprehensive and reliable data on the economic economic damage shut down by the pandemic so no matter how positive the growth rate to might look right now the

situation for many people here in the country remains quite desperate. and not just because of the pandemic as we mentioned earlier things have been hard for a while give us an idea of how the economy is experienced by normal people in turkey. well yes many structural problems remain and have been excess abated by the pandemic the official inflation rate is at nearly 15 posts and right now it's expected to further increase fruit for example here in turkey has become so expensive that many people spend the money they have to stock up on rice and pasta to avoid even higher prices in the months to come many also tell me they don't have money anymore to buy meat then unemployment is high at least 25 percent of young people here in the country don't have jobs and of course all of that impacts how people look into the future future and many tell me that

they don't have hope their situation of personal economic situation is going to improve anytime soon so you leave sounds like there's not a lot of confidence and growth that they can turn the situation around. well well there have been some encouraging developments there lately the turkish lira for example was able to gain back some of its value against the dollar since prison and one oval hold his economic team in november he appointed a new chief of the central bank and a successor to bet on his son in law as finance minister and all that has had an impact the new central bank governor for example increased interest rates returning to a more orthodox approach to monetary policy and that seemed to have had an impact on the investors who have been snapping up acids here in the country but it's going to be seen whether this approach to policy is sustainable because the monetary

independence is really crucial to investors. with the latest from is the bill thank you very much. and we go over to germany now the country is relaxing some of its restrictions on businesses beginning monday even as infection numbers appear to be on the rise again hair salons garden centers and flower shops are reopening in many states as part of an agreement reached in february however most retail across the country remains closed with much of the country well above the case threshold berlin has set to reopen shops case numbers had flattened recently but now appear to be rising again and that's bad news for the wider retail world most stores being closed since mid december again current plans calling for reopening one case levels are much lower than they are now but with virus variance pushing cases up companies could be waiting even longer and that's the new dynamic that will drive discussion on wednesday when government leaders meet once again and business groups are

already giving them an earful german retail federation pleading with chancellor angela merkel in an open letter last week that the economy and pandemic fight not be pitted against one another now the association is calling for leaders to come up with a clear plan for reopening during that wednesday meeting i just mention all right for more on this let's bring in our financial correspondent in frankfurt chelsea delaney chelsea do we have you. chelsea these business reopening that are happening today this is still a positive sign is it fair to say. it's certainly a positive sign for the hair salons that $80000.00 hair salons throughout the country for nail studios for garden centers that are allowed to reopen but i'd say the german economy many german businesses are still very frustrated with the

government's approach here in part because there isn't a lot of clarity on what would allow for a full reopening of the economy many retail stores bars restaurants hotels are all still under some sort of some form of restriction and they don't really have much clarity on what what allow for them to reopen in the coming months so that's one thing that they're really going to be pushing for and these in these talks on wednesday because as we've seen a lot of businesses are really on the brink of insolvency now and yet we have these new cars there is how likely is it that these reopening that we're seeing today that they're short lived. the concern now a lot of help us experts are worried that germany is really going to be walking in to the eye of the storm here because it does appear that we could be on the brink of a 3rd wave of infections that's what a lot of health experts have been warning of because of these new variants that are more contagious the british variant for example that's spreading quite quickly here

in germany as we start reopening at least some parts of the economy that means more people will be increasing their contacts and so all of this really points to the fact that we could start to see infections rise again which really points to the fact that the german government does need to be quite careful as it goes forward with its plans for reopening. breakthrough thank you. you know some of the other global business stories making headlines. facebook has been ordered to pay compensation of $650000000.00 to citizens in the u.s. state of illinois the company is accused of collecting biometric images from its photo tagging feature without consent it's the biggest consumer privacy settlement in u.s. history affecting around 1400000 people. china's factory activity grew at the slowest pace and 9 months in february hit by a domestic flare up of covert 19 and soft demand for exports from countries under

renewed lockdown measures that's according to an influential purchasing managers index china's economy has the recovered much faster from the pen dimmick the most western economies. goes takes over as director general of the world trade organization today she will be the 1st woman and the 1st african to run the ws yo supporters hope she will breathe new life into the troubled organization which faces a ray of challenges. over south america now we're a has for years been one of the continent's best performing economies no more the pandemic has seen the return of soup kitchens as increasing numbers of earth wayans become dependent on food donations. 5 volunteers work in the soup kitchen at why every day they turn groceries like these peppers into a delicious meal for the needy. has been working here for

a year she used to work at a restaurant until she was fired without notice. the month last march right at the beginning of the pandemic i was laid off i didn't receive unemployment benefits and i had to struggle through because i worked in the restaurant off the books. today they've made pastor with vegetable source the food is provided by private donors since the beginning of the pandemic poverty here has been growing the number of corona virus infections has increased dramatically in the. country since nov the health crisis is happening in the midst of an economic one many companies have had to shut their doors and revenue from tourism has dropped sharply as well. jack clean record as afternoon is all about child care aid organization offers children from poor backgrounds the opportunity to have their birthday parties in this house many children live with their single mothers

a large number of them like directly lost their jobs during the pandemic here at least for one afternoon the children can forget their worries at home and just have fun. unemployment and poverty have been on the rise in europe since the pandemic began. the problem in europe why is the current cuts in spending. many companies are laying off their employees. using the pandemic as an excuse to get rid of staff i want to throw holidays. one sign of the economic crisis is the return of soup kitchens like the one run by. for the 1st time in 15 years you require ends a dependent on food donations just. a lot of people are living on unemployment

benefits these days hunger is back in our country and the state doesn't care enough about the poor. that's why we run our soup kitchen. cares for 180 people here in the capital montevideo they all hope that the pandemic will soon be over and with it the economic crisis which has caused many of them to slip into poverty. and that's it for now. business for more watching. what secrets lie behind is what. discover new adventures in 360 degree. and explore fascinating world heritage sites of the. w. world heritage 360 get kidnapped now. you. can't physically be together sure sure but we are going to

scream scream when we organize because i because it might difficult challenge to join me and millions all the world to speak out for nature and show we need to be stupid i'm switching off the towel because i think our planet is what god will join those from the 27th of march 16th 30 pm for the south and speak out for the. place. one of kenya's biggest slums in any order its residents live in corrugated iron shacks landlords such as peter a better known as slum lords they pay gangs in the slum to collect a veggie rent with violence if need be. no more the bloodshed ends and some

nice little business up to go in but they'll do it. and as it does in a slum so slow it up to the top to somebody. that realize northeast of downtown nairobi the capital and the $800000.00 people living here the vast majority unless them $1.00 a day. peachy chaika stops at nothing to collect the rent money. i . beach is just one of many slum lords in math and. typically they throw together the cheapest possible housing with new kitchen or running water and then charge rent for it and if necessary they resort to violence to get it they make lots of money doing this and in the reputation for exploiting the poorest of kenya's pool. i've got 30 houses

here i'm a foreigner here i've been putting them up since i 1st came here and i'd like to.