d, w. the pandemic has pummeled economies and wiped out jobs, especially for young people. bent the doing has more on growing youth unemployment stuff coming up on dw business and a few moments did with choose how many pushes turn out in the world. climate change, the cost of stores, this is much less the way from just one week. how much less can really get we still have time to and i'm doing all what we're interested in the global economy, our portfolio,

d w business beyond. here's a closer look at the project. our mission. analyze this life market dominance with the w business beyond the was an army of unemployed because it crisis only was never seen before. jobless rates among young people. is it a case of no jobs or something, or lack of will? central banks go green, the bank of japan on bales of plans to launch a new scheme to fight climate, change ads, merchants and go depend heavily on cross border sales. what happens when the pandemic closes those points and then for dylan, let's do business. we want a humans recovery. that's the call to action made by $181.00 national

delegates that this is meeting of the international labor organization. the co, the crisis has hit labor markets hard, especially the services sector, tourism restaurants, bars. and many of those who last work were young. the crisis adding to the growing ranks of youth unemployment. the number of those not in employment, education or training is manageable in some industrialized stations between 5 and 10 percent in germany, for example. and in most european countries as well the united states. these use unemployment at 13 percent. it's 18 percent in china. but the situation is much more concerning and developing countries with brazil, looking at almost a quarter of a young people out of the job market. india, nigeria, and south africa have use unemployment of over 30 percent. and in some crisis and war torn countries, it's even worse with almost half all youth in afghanistan,

bronk, and given without a job. well, nile o higgins is senior economist at the international labor organization and joined us . whereas use unemployment continues to grow. you point out in the even more worrying full in youth employment, attributing that to youth in activity. what exactly does that mean? a young people giving up well as you, as you mentioned, that the youth employment as has fallen sharply between 20202019 march of this is led to young people leaving the labor market. so stopping looking for work, and this has to do with the lack of employment opportunities and to the difficulties faced by young people to the simply the closing down the job vacancies, which accompanied by lockdown nations and the slowing down the economies that we've

witnessed. so now what's your advice, how do you get these discouraged young people back into actively seeking work? well, it's very key for a very important for employment services to reach out to young people to, to develop we need in the 1st place to develop to invest in the job opportunities. we need more job opportunities for young people. we need to invest in skills development, but the real issue here is we need a greater outreach to young people who have become discouraged and moved away from little. i wanted to avoid deeply short term exclusion leading to long term exclusion from the labor market with consequences which can carry on throughout the lifetime of young people. what is all going to be into the global economic recovery? is this sounds like a huge imbalance?

yes, indeed, as you, as you mentioned in the high income countries, public investment in job support and income support measures has been, has been extensive. this has been less the case in middle and low income countries . and this is where we need more international support to job creation and to, to building back job creation measures. moving from at a time of income support, job retention to more constructive active labor market programs, which reach out to young people can get them back into that market into decent work . iowa senior economist higgins. thank you. you. now let's take a look at some other business stories making headlines, presents food and drink exports the new, almost half in the 1st 3 months the year. if i break that and the pandemic hottest

hit cheese with export sounds. 72 percent of the drastic declines as seen in fish and chocolate sales. but his trade with island is especially bad. it's punched by 2 thirds. switzerland is the world's most competitive economy. according to the latest ranking on base institute management development, the wealthy nation, the state of singapore being had had the most competitive or has been the most competitive to use in a road. but it's called me strength by 5.4 percent in 2020 waste retained its way to the french producer behind his like cheney him. i got a feeling and he mama has sold his songs to one of music and a $100000000.00 deal, which will cover his future with what people familiar with and of oceans that get us started as a d. j in a visa. and so 50000000 records, they thought the bank of japan will launch and use scheme to encourage financial

institutions to boost lending and investment for 5 in climate change analyst they, it's a surprise move, underscoring the growing attention. central banks are putting on the topic, the central bank released an outline of the new policy at the next meeting in july and plans to put the scheme in place at the end of the year. if the or j says climate change issues could have a large impact on economic activity, prices and financial stability in the long run and must be addressed. well, michael pan joined us from tokyo, chelsea delaney from frankfurt to chime in on the story. chelsea, of course, giving us the european angle, the european central bank head into climate talk today. michael, starting with you. how exactly is the b o j going to achieve its goals? well, as for the precise method, as you mentioned that the lead up the haven't designed the policy yet,

that is something which is coming in july and is supposed to be launched by the end of the year. however, we do know that their basic model is what they have done to sort of encourage economic growth in the past. now they're kind of shifting some of those economic growth policies over towards green policies and under the super government, much different from his predecessor. and he's really emphasizing this push to develop green industries in japan. and this is something i meant to give it financing and a push from that direction. chelsea, how's the easy be tackling that's easy. we also have been formalized, it's planned, they're expected to come forward with this strategy review in september. but there are a lot of different ideas floating around about how they could come forward and how they could actually achieve this. probably the most ambitious would be to have the be stopped buying the bonds, buying the assets of climate intensive companies like fossil fuel companies. and

probably the least ambitious is just for the beach. you updated modeling to include climate change risks and how it models for economic growth and how it models for things like inflation. but there still is a lot of controversy here in europe over this proposal in general. countries like germany have really good, very, excuse me against this idea of including climate risk and central banking policy. they say that's more political than something a central bank should be tackling. but we have seen that to some degree more cohesion over the idea that the central bank should be addressing climate change. you're talking about modeling and schemes, recommendations, policies, what sort of influence do central banks have on something like green investments? chelsea it could be hugely important for climate change efforts. central banks are really the nucleus of our entire financial subsystem. they keep money

flowing to companies to governments, to people. and we've seen how effective that's been during the pandemic as well. they're one of the largest asset holders in the world. they own trillions of dollars worth of company bonds, a company stocks. so if they do decide to start d, incentivizing certain fossil fuel companies that could send a very strong message to, to the rest of the world. more than just a message, i guess, michael, what are the chances of other asian central banks following suit? well i think that if you look in sort of the global trends on climate change and business, i think chances are that probably every central bank will eventually get in. and this is just a matter of when, you know, there is, does seem to be a much stronger recognition. what you're really seeing, i think the last couple of years that, that governments need to get serious policy. and you know, with,

with more leadership now coming from places, for example, in washington and europe. i think that asia will also be right there with it to within the next couple of years, i would think getting serious. i'm going green circle bank. thank governments. michael pen, thanks for joining us today. chelsea delaney, thanks for your coverage from franklin, its more west african nation of toko is dependent on close ties with neighboring countries. like gonna an area, but it's borders have been closed during the pandemic. and that's brought trade to a halt for many small merchants. recent months have been nothing short of disastrous saline. go sells textiles and close at markets and the tow gleese capital low may, but she's barely had buyers for months. customers from neighboring countries are staying away. and the locals don't have much money, full model in my energy and everyone molly ins, nigerians,

they used to come even if we said it wasn't ok, it was fine. i said, no, but now everything is on its knees. i've been here since this morning and i've only sold one loin cloth, but i have a family at home to feed many mouths at home to feed. woof, woof, l. amazon emmanuel, so guardy, president of the toko consumers, lead watch to the traders, drama unfold every day. he's been in contact with the government about the situation. several time calling on the authorities to reopen the borders fast. because trade in togo is heavily dependent on its neighbors. last year, economic growth close to 1.8 percent from an initial forecast of 5.5 percent. and now prices are rising to public transport costs have gone up and the price of basic necessities have gone up. there are difficulties for consumers. travelers crossing borders and there are also higher prices in almost all services. and so

everyone is trying to transfer the impact, and it's the consumers who are suffering where they live in 5 months till those last wave of the corona virus was in april and at the moment, daily infection rates are in the lower double digits. but hardly anyone here is vaccinated and the hospitals are poorly equipped. they said that social negotiations are underway between the various countries to determine the conditions of this opening and to facilitated an opening that is perfectly in line with the development of the current pandemic. uncle. and i saw the live show up on the people here are hoping for a rapid reopening so that they can put this crisis behind them. and the mining team in both one. it has the 3rd biggest diamond deva gemstone is a 1098 carrots measures 73 by 52 millimeters. it was done by mining farm

that's want to joint venture between the abuse and both want to government, which was 80 percent of the income from the company sales from dividends. royalties and diamond find couldn't have been found. time was production demands down last year, doing business with it. ah, ah no more protection. denmark is the 1st country in europe to expound syrian refugees officially argued to syria or save again. the people effected by this ruling or desperate they'll be arrested and detained. upon arrival, i focus on your d. w

at these places in your record me into a ball, but i'm sure it's the treasure map for modern globetrotters. discover some of you to record breaking sites on your youtube and know also in book form i i use hello and welcome to focus on europe. i'm lab la. it's nice to have you with us today. what was once a paradise for sunday theirs and fishermen is now a cesspool and environmental disaster has been unfolding and the turkish sea of mara, blue waves have since been replaced by brown, grew a slime known as the snuff that produced by al.