also knows that want the charts and projections show right now is how difficult the transformation will be. this just a moment. and just before we go, a pink dolphin has been seen air born of a columbia. columbia armed forces helped a rescue team transport a pink river dolphin trapped in a shallow river in the east of the country. in a 20 day operation, the army joined conservationists and veterinarians to capture the aquatic mammal and a lift it to a larger tributary of the orinoco river. up next on the w e. the world bank issues the stock warning about the global economy this year with chelsea, delaney in business, don't go with every day for us and for our planet. a

global ideas is on its way to bring you more conservation. how do we make cities greener? how can we protect animals and their habitats? what to do with all our waste? we can make a difference by choosing reforestation over deforestation recycling over disposable smarten solutions over steam set in our ways. earth is truly unique, and we know that that uniqueness is what allows us to live and survive. google ideas, the environmental series in global 3000 on d, w, and online with a looming debt levels soaring inflation and new co, 19 various. the world bank is sounding the alarm about the long list of risk for

the global economy and the new year. the world's forest countries are most at risk . also on the show storing inflation as piling pressure on to the u. s. federal reserve, but will controlling prices mean putting the job market on ice will go to new york for analysis. and with scientists are turning to one of the world lawless life forms to help house relieve fewer greenhouse gases until delaney and, and berlin. welcome to the show. the global economy has staged and impressive come back from the historic low of 2020. that's according to a new report from the world bank released tuesday. after contracting by more than 3 percent and 2020 global g d p growth came in last year at 5.5 percent. as you will see here in just a 2nd this year the world bank is also expecting improvement of just over 4

percent. now that's the good news. the bad news is that this recovery is not being evenly shared. the economies of developing countries in particular are recovering much more slowly and asia, the middle east to latin america and africa growth in 2023 will be significantly below the long term pre cova trend. now, poor countries haven't been able to spend as much as advanced countries to cushion the impact of the pandemic. the world bank is warning that another 100000000 people will fall into extreme poverty this year. now for more on this, let's talk to francisco own sorta, she is a manager in the development prospects group at the world bank. francisco, thank you so much for being here. so the world bank has called this a inequality pandemic. why have we seen such a stark divergence between the world's richer economies and the world's poor?

yes, it is really, is a stock drivers. we're heading into a very pronounced global slowdown, as you mentioned already, before recovery is complete, an emerging market next year. after 3 years of recovery, i would support an emerging market, developing countries with 74 percent below to prevent any trend. and it cost to call me back to trend as if to make it up. so it says if the and emerging markets of developing economy as well on the law flight path from advanced economies. and a reason for that, is in good measure because of different policy support. both groups of countries implemented extraordinary policy support fiscal and monetary in 2020, a sort of identity, but emerging market to developing called me. so i've already started to withdraw it more than one 3rd of already type a policy. i didn't 60 percent of them already lost here. fiscal policy was

a driving role that will only become more pronounced as we go forward. so the world bank has also mentioned vaccine and equality as a big issue for a lot of countries. now that vaccines are becoming more widely available, do you expect that to be a boost for developing economies this year? yes, bro. novak's in the rule out is something that will help global growth. and it has been progress about at this point. about half of the population, the average e m. d has been vaccinated. the ones that are really lagging behind, other low income countries. slowly about 7 percent of the population have achieved . have gotten one shot increased, but until vaccinations rolled on even more broadly to all the corners of the world . leave it open for you to imagine army congress simply remind off that absolutely . this report also really points to the growing doubt levels among all countries advanced and poor developing countries. how big of a risk you see that as

a to the global economy this year? yes, the risk of financial stress is a very real risk to global growth. and it could be triggered by any number of events. and these events are becoming more likely. it could be triggered by faster than expected policy tightening advance economies. it could be triggered by credit, even emerging market. it could be triggered by expectation of these things. any of these events would raise financing costs could cause capital all trust and we've seen already put me emerging market and could cause depreciation. the problem is that currently emerging market developing economies are particularly vulnerable to this. they're valuable because that is much of the k ties in addition to vulnerable because they have very little policy room to intervene and support the economy should go. should anything go wrong? so not only out in the lower flight path is almost as if they were flying. also the gas off empty,

almost empty. they have very little room to support francisco. and so at the world bank, thank you so much for joining us now in the u. s. high inflation is posing a serious threat to the countries recovering job market. that's according to testimony from federal reserve chair jerome powell, on tuesday in front of the u. s. senate. the fed will consider additional interest rate increases this year on top of the 3. it already has planned to 2022. if consumer clients prices continue to climb. we know that high inflation exactly toll, particularly for those less able to meet the higher costs of a central's like food, housing, and transportation. we are strongly committed to achieving our statutory goals of maximum employment and price stability. we will use our tools to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched. now yes, quarter our correspondent in new york joins us for more years pow husband insisting

for why on out that the fed was going to move very cautiously and moving and pulling back the stimulus. why a few changing his to now? well, i mean, you don't always get what you want. the problem is that those inflationary tendencies seems to be last thing much longer and are more elevated than the federal reserve side coming in the past couple of months. by the way. it's also not the 1st time that the federal reserve is not picture perfect to their estimates. we will get the latest reading on consumer prices. now on a wednesday end of economists are right. we will see the steepest them increase in those consumer prices in about 40 years. and that's why the federal reserve for these the urge to act by the way, not just with increases of the interest rates, but also with lowering the balance sheet. meaning that pretty soon the fed could even start not just ending the bond buying program,

but actually actively start to sell bonds. wiggins is clearly a balancing act year for the fat in every other central bank where they want to really add reduce inflation without hampering the economic recovery. we've heard jerome powell talking a lot about the job market, not undermining the job market. but is that really a risk given that unemployment was below 4 percent and december? i mean, the more you increase interest rates, for instance, are the more likely it could be that you might start to recession and that could actually put pressure on the labor market. but overall, if you look at current statistics, we're for an unemployment rate of 3.9 percent. that is a very close to the 3.5 percent that we've sold before the pandemic hit and that so those 3.5 percent, or the lowest unemployment rate in about in 50 years sir. but clearly those statistics do not show you the entire picture. we are still shy about to, to

a 1000000 jobs in comparison to a pre pandemic level. the participation rate and the labor market is a pretty low. but i would say at this point, we also have some structural issues. why we're not a 100 percent where we used to be on the labor market before at the pandemic a started. so i would say was a monetary policy. you will only have a limited effect on the labor market at this point. and quarter, and new york. thanks so much. now the beef and dairy industry is a major contributor to global warming that things to these guys. cows as they digest food they, in at large amounts of methane and switzerland. scientists may have found a way to make house less gassy and better for the climate. the substance could be the solution to the methane problem with cows. billions of chinese micro algae are floating in these vials. fabian val and his team from this was competent center for

agricultural research in bern, are on the lookout for a very specific algae, one that tastes good to cows, and at the same time stops the process of methane production in the cow stomach. the underneath yandy, i analyze the algae for its nutrient content, got it, and we can actually simulate the digestive system. in the labs, we can test small amounts in the lab and to see whether the algae, as the potential to reduce methane emissions. analyst was to wait, it's here. there are 1500000 dairy cows in switzerland. each of them releases several 100 leaders of methane per day. once the scientists have found the right algae, mass production is set to begin up. it could take just a day or 2 weeks for the algae in a bio reactor like this one to be ready for harvesting. the plan is for farmers to install bio reactors on their farms and producers by name. he makes a living from their milk, but he also wants to do something for the climate,

and is open to innovative ideas. as an in this, if the cows will even live up, then it would actually be a great idea than that. cuz when need an additional protein source that can replace the repeating clearly, so it would actually be a double benefit on often the opposite of that, that's it. and so i, on the one hand i the allergies methane reduction i missed out. on the other hand, a new source of protein after on the inside there and the protein kill it. but it's not that simple. 2 years ago, the algae spirulina was ended to the feed of dairy cows on this experimental farm as part of a study. the result, good and bad at the same time in the algae very well, which means they weren't deterred by the flavor of the milk. the name change for you as animals at the end was also good as well, which we didn't have any fishy smell, mac, but unfortunately i didn't find any effect on methane production. the 1st is i got

that miss metal. but researcher fabian val is not deterred. he's confident that he will find the right algae sooner or later. then if we're lucky, we'll find them in 3 months. if we're unlucky, it'll take longer that, but we're absolutely convinced that we'll find it eventually. we'll come to the lab every morning and keep working on it. the researchers hope that the pilot phase can begin in early 2023 than the 1st farmer's will test. algy is feed martin hampshire hopes to be one of them feeding his cows while helping the climate at the same time. thanks for watching. ah. in a globalized world, where everything is connected, all it takes is a smart to set things in motion. local

hero show how their ideas can change the world. global 3000 the next on d, w going c o. 2 neutral on a massive scale. inverse field, a town in germany is far north. the residents are switching to hydrogen fuel driving and heating hydrogen produced with green electricity. this alternative is definitely environmentally friendly, but what needs to happen to make it cost friendly as well? made in germany. in 60 minutes on d w. ah . i subscribe to

d w books. you meet your favorite writers since i like to see myself as the kids as tie. and the strange grown up world did over you booked on youtube. it's the most controversial prison in the world. the one thomas bay detention camp ever since it was opened, human rights activists argued guantanamo is where the u. s. lost its moral authority. the infamous prison has violated the geneva convention for 20 years. why has it still not been closed? today on the day with ah .