so from it and in that sense, to focus on quote, his son can be kind of understood miss regina, we're out of time, but we appreciate your valuable analysis tonight. thank you. thank you very much. in champions league football too, but as like a teams were in action in the group stage. on tuesday, dorman battled back with a one neil deficit to secure a draught with civility and r b lights got a to nail. when against celtic you're watching the w news coming up next. his business news with been pursuing, he'll be right back. aah! god! so again that i want that tag and in the end is a me, you are not locked up to you anymore. we will send you back. are you familiar with this with the smudges with lions of the what's your story.

ready i mean, when i was women, especially victims of violence in and take part and send us your story. the chain always to understand this new culture. so you are not a visitor, not a guess. you want to become a citizen in full migrants, your platform for reliable information. ah, rushes war in ukraine continues to have consequences around the world. the i m. f expects global growth to keep slowing next year and warns the worst is yet to come . we'll talk to when i m. f official, a lack of skilled workers in germany casts a shadow of the solar sector. firms can't keep up with soaring demand. and new

zealand plans through tax farm animals for carrying the chase. scientists say there are other ways of reducing climate threatening me thing from cows. i've been for solon, let's do business. the cost of living crisis is far from over. the international monetary fund says, this is shocks will reopen economic wounds that were only partially healed. post pandemic it's world economic outlook shows growth withering away to 2.7 percent next year. down from 3.2 this year and 6 percent. last, one factors, central bank, central banks, a hiking interest rates, to ease inflation. that's taking the heat out of domestic demand. but of course you've also got the war in ukraine. it's sparked in energy crisis. it's also blocked food supplies, driving up prices, and china's 0 covered strategy is also hitting trade hard. it also faces

a property market crisis on top of that will the i m f says over a 3rd of the global economy is headed for contraction this year, or next. the u. s. e u and china will continue to stall. let's bring in daniel lee. he's world economic outlook division chief at the research department of the i m f. thank you very much for being on the show, sir. first of all, how much was can this cost of living crisis get on its an extremely challenging outlook for the world economy with inflation still going up and we think it will hit globally on average of 9 and a half percent later this year before starting to come down to 4 percent by 2024. and unfortunately there are risks that could get worse if there's another shock from the war in ukraine. if the gas applies, get cut all the way down to 0, for example. or if the oil supplies get caught, we could be looking at even higher inflation,

which will require more painful responses by central banks. our central banks doing the right thing in continuously hiking those interest rates and putting even more pressure on mortgage holders. the number one challenge is to take this inflation, which is at multi decade highs. and we do think that they are doing the right thing by raising rates around the world. this is an unprecedented amount of monetary tightening, but it's necessary to do the job of bringing inflation down. now, if they allow this problem to fester and tap of the ease of the brakes, then we could have a much harder job later on bringing inflation under control. so well, policy makers put up the interest rates. what are we expected? oh, what should we expect from governments to step in even more, to help out mortgage holders to be the guarantor for them and their loads? well, the, the role of the 2 main players,

the central banks and the government and the ministries of finance is to defeat inflation together. but of course, while the central banks are raising interest rate, that puts pressure on mortgage or mortgage rates and of the, the needed to safeguard financial stability is there. but we know that the banks are well capitalized and that the central banks have the tools they need to intervene when necessary. and meanwhile, let's not forget the governments also can provide targeted help to poor households that are really hurting well. keeping the overall fiscal envelope neutral so as to not get in the way of the central banks that are caught trying to bring inflation down. talking about property market was how worried should we be about the situation in china? considering all of the problems there, the debt problems, and also the coke 0 strategy that the government sticking to this is one of the 3 major economies in the world. china and it is slowed down very dramatically. we've had to downgrade our forecast again for china. now we're looking at 3.2 percent

growth this year. this is the lowest a growth in china in more than 40 years, except for the initial 2020 crisis. and yes, it does reflect the very difficult outbreaks and the lock downs in many localities as part of the 0 coven strategy. but now also, there is the property market crisis, and that is bringing down investment, and it's weighing heavily on growth. so we see growth recovering gradually, but 4.4 percent is our forecast for china for next year. daniel lee from the international monetary fund. thank you very much. and welcome. and let's bring in al correspondent on wall street, teddy austro markets around the world, fell on this news from the i'm if guess everyone's got the jettas again. yeah, well, trading was pretty choppy here on wall street today. edged up then fell back down.

seems to be led by a tech stock sell off. nasdaq is down over one percent. markets appear to be spooked by the bank of england, a declaring it will not continue to intervene in the u. k. markets, but overall it does appear that markets are factoring in with the i. m. f is predicting a recession. they believe that the fed will continue hiking interest rates, which could induce a recession in due time. they are, i, in the end of the week when we'll see some more inflation numbers as well as 3rd quarter earnings report from some of the big banks. expectations are not very good . how much would you say americans are feeling the pinch of the above it? americans certainly are feeling the pinch. inflation is still incredibly high and you know, there was a great jobs report last week, but at the end of the day, wages are not keeping up with increasing prices. this means that a lot of americans are suffering from food insecurity. housing insecurity,

and we can't forget the cove, it is not over yet. we have hundreds of people still dying. working people are definitely burying the bronze in a recession. well, it definitely could make matters worse here in the united states. teddy illustrate for us at the new york stock exchange. ok, let's take a look at some other stories making use investment bank j. p. morgan expects the u . s. economy will deep into recession in the next half year. also, chief executive, jamie diamond, predicts the recession won't be like the 2008 crisis. but once inflation and big interest rate hikes of paid the way for an uncertain future. and you k unemployment is full into 3 and a half percent. as brits continue to leave the workforce at a wrinkled rate is the lowest level in nearly 5 decades. labor shortages, making it harder for companies to find work. it's the panoramic has altered life markets much of the world, but it's been hard to find skilled workers in germany for

a long time. now it's even harder, especially for solar cell makers. the surgeon energy prices has households re thinking where they get their power from. master roofers, sebastian, tom chick and his team have been on site since 8 in the morning. they want to get done today because the next job is already waiting. the demand for photovoltaic systems is huge, but a lack of work has means that many jobs can't even get started. that leads to frustration, yard oscillator, i turn yes. people are tense and in a bad mood because their order is processed several weeks in advance. they think once it's processed workers arrive within 2 weeks, whether it's just not possible. the energy sector is booming and there's a lot of competition on the labor market. electricians and roofers are in high demand. tom chick and his team work for a company with around a 100 workers. the firm does everything from consulting installing to maintenance

of photovoltaic systems. it has 15 job openings, just enough hocks law, the increased order situation presents major challenges. here we have to yet increase the number of teams out there like we need electricians. but we also need to expand the back office to complete orders, and that's why we don't have enough workers back at the office. there's a discussion with the marketing department about current job openings. not only can, mr. bramwell asks his colleague, natalie to update him on where she is with new job postings. natalie shows him the graphics and how a staff member will be presented online. and then they're talking about the platforms, the postings will go on of in county environmental sometime. natalie says they will be posted on social media including facebook, linkedin, and instagram 7. your colleagues will also be integrated into the marketing

plan to spread the word. after all, word of marketing is often effective in hiring local unions of in prima magazine. one thing they know for sure, they won't be waiting for the government to come up with the answer to germany's ongoing lack of skilled workers. reducing methane emissions from cattle would help tackle climate change. the gases admitted by new zealand, 6200000 cows or one of its biggest environmental, was it outlined plans today to levy life stock for letting off gas farming groups one the scheme could rip the guts out of small town you zealand, but maybe there's another way around this these cows could be the future of agriculture in new zealand. their milk formula is blended with co butcher, a special probiotic. it is all part of a trial being carried out by new zealand, dairy giant, frontera. that true, you re commandments, and the may was when we got the results of the face, kato child bag am,

and we were able to show that we got a reduction in methane of up to 20 st. nice animals and, and we've continued to be able to shy an reduction and nose, and we've got up, obviously we've got other trials underway. and, but that definitely was there, you recommend meant new zealand outsides. agricultural industry has made it unusual among industrialized economies as around 5 sheep for every person and 2 cows. happily its greenhouse gas emissions come from farms. and that's something the government wants to change with. it's planned to make farmers pay for emissions. importantly, all money raised from charges on emissions will be recycled back into the system to fund through the research toes and technology as well as pharma incentives in order to help reduce emissions. all revenue will go back into those golds the

government plans to reduce method emissions from farm animals by 10 percent by 2030 and have them by 2050. but the plan has come and a wide spread criticism from farmers who fear for their livelihood. so maybe it is science to the rescue and use the land. farmers may very well have to pin their hopes on solutions that could simply reduce emissions. definitely sounds like a bright fruit breaking gas there. i'm been for dylan nice business with it. ah. they i used to rough weather, but now things are getting really tough for shrimp fishermen and all of them germany, they faced price fixing by the dutch competition. then the pandemic. now the rising

price of diesel red gold. germany's trim fishermen and prices close on the next thought d. w. mm. the 77 percent were they was forced to flee when russia attacked nigerian students living in ukraine. the thing that we really got me skate like be this kid was the history of us. how are they doing now? restarting is never easy with we got to do it. the 77 percent in 60 men o. d w a pre climate. oh, really news with about hackers?

paralyzing the tire societies. computers that out some are you and governments that go crazy for your data. we explain how these technologies work, how they can go in for, and that's how they can also go terribly. watch it now you tune with ah, the german shrimp industry is floundering low prices during the coven 19 pandemic, and increased fuel costs are threatening the fishes livelihoods. they're dependent on the dutch wholesalers. they supply the rules. hello.