float despite being way down by sanctions. now, this is the w business. i'm janelle dumas on welcome. he rode zone inflation has declined for the 1st time in 17 months. it fell to 10 percent this month from 10.6 percent in october. according to the latest official figures, inflation has weighed on the 19 country currency block. i made high energy prices triggered by russia's war and ukraine. despite the appearance of a recent slow down in price rises, european central bank president christine le guard, warned earlier this week that euro's own inflation has not yet peaked. carson's us k is a chief economist at i n g d. but thank you so much for being here. carson, do you agree with le guard with regard to inflation? not quite peaking yet. are she merely managing expectations? well i think she's managing expectations and modeling because the last 12 months i

think christine or guard does not have a good track record in predicting inflation or interest rate. so it's not her task now. she's putting up the john. yes. to act. we are close to the peak, but when you look really at inflation expectations, when you look at selling price expectations, when you look at the fact that whole sill gas prices will still be passed through to consumers, start of next year. there is so much inflationary pressure in the pipeline that is too early to really call this already p p, where we're approaching that p. but i would think that the people only really be there in the 1st quarter of next year. i mean, this is a very good point. we're still talking about very high inflation. it's just getting marginally lower. we're still definitely in a cost of living crisis. is there a reason to be up beat about anything? no, and your fluoride, this is not

a reason to to be up beat your fluoride saying that this is inflation rates coming down to it's the price change coming down. it doesn't mean that prices are actually dropping. and even when you look further into 2023 and energy prices will remain stable, this would mean that headline inflation will start to come down. it does not mean that prices are coming down. we're seeing food prices being up by 20 percent year on year. we see service price going up. so we still are in this cost of living crisis. and the only thing is that the burden, the damage will become less and will be to start weighing less on the economy, but it will not reverse anytime soon. how does this mean that the e c, b, the rate hike policy is going to continue as it's been going a probably not as much as they hide over the summer. or we call this jumble rate hikes, that with the $75.00 basis points, could be sort of

a tricky situation. they know that they can do very little to bring down current inflation, because there is always a lack between what the central bank does and before it reaches the read economy. at the same time, you should be nice to watch out that inflation expectations do not become completely on anchored or be anchored. and then we have this looming recession, which still is there, but it will come and the, the be goes too far with rate high interests kind of pushing the euro going economy farther into recession. so it is a very delicate balancing act. i think they will continue hiking interest, right. i expect them to high by 60 basis points, not by 75 basis points in december. do another rate like in early 2023, and then stop there because there is another instrument that the city could still use and that is shrinking off its own balance sheet. so they can move away from interest rate, interest rate pipes,

to shrinking off the balance sheet of 2023 carson dusky chief economist from i n g dba. thank you so much for your time today. you're welcome. now since the beginning of russia's war of aggression against ukraine, moscow's commercial aviation industry has taken a heavy hit, the aircraft industry giant such as air bus and boeing stopped supplying spare parts to ra shop, back in march. so how is russia commercial aviation industry holding up more than 9 months later the w's killian buyer takes a closer look. despite the sanctions and being cut off from the deliveries of critical components, russian airlines are still operating. even though there has been a 15 to 20 per cent robin passengers, for most people taking domestic flights in russia, not much has changed the germs of orange. it was always going to take a bit longer because of course you've got start spare parts. and of course you good

. the existing aircraft that could be cannibalize more than 800 modern western built passenger jets, were flown by russian commercial airlines before the outbreak of the war. more than half of their flights operated on international routes. the majority of these flights have been terminated by sanctions, radius, it's about one or 2000000000, or national routes were very lucrative. one of the most important forms of income, the harsh cut off from this cash flow was very serious. and on the other side, you had the asian industry, it has become very difficult to supply aircraft video that are flying now a spare part to show even before the war, airlines and russia face difficulty getting spare parts. a pilot took this video a year ago. it shows yellow slips written with the letters i n o p, meaning inoperable. the situation has worse than drastically since the war

and prestige projects like the m s 21 and the super 100 super jet. both passenger aircraft built in russia have an achilles heel. they depend heavily on western made engines and avionics. the commercialization manufacturing side of russian deviation is debt. yet neither the m. s 21, which is bill with 4 components or the super jet 100, which is also bill with foreign parts can be produced in russia. yes, moment. lacking access to critical components means russian aviation will only be a shadow of its former self in years to come here. a shadow joins us now. his bureau chief outer dw studios in riga irie. so it's pretty remarkable that russian aviation roots are still going despite nearly 10 months of sanctions. how is that even possible? while lucas, the russian of the asian industry, experienced

a kind of shock immediately after this start of all because russian aircraft were no longer allowed to flight of the west overnight. at the same time abas and boeing ended their corporation with russia. and this, despite the fact that almost all russian aircraft came from all come from abels and going, but the fact that the half of all russian planes since then had to stay on the ground demand that these planes could be used as spare parts. however, the loss of almost 50 percent of flight routes became a blessing for the ration of the asian industry. so the most important thing for now, for russians is to maintain domestic airlines. and so far this is still working well . so when we hear that domestic aviation is still doing well, but spare parts are hard to come by or have to be cannibalized from older planes, surely or some safety concerns. consider no yeah, sure. the question is, of course, are when the grounded aircraft will be taken apart and used spare parts,

and for how long that can last and replace safety repairs by the western companies . are we know that russia has kept all the aircraft, or at least from the best buy degree of president putin? after all, that's more than $500.00. the jets was over $10000000000.00, or one russian expert with book to called in just a theft or iran was also a great hopeful russian of the ation of the country has been living under sanctions for decades and has developed various methods and to circumvent them but iran uses aircraft from the 19 seventy's and $98.00 is wedge, which are less dependent on software updates. ira float in particular ah, has equipped it's fleet with a very modern aircraft in recent years that apparently dont need to be to, to be repaired so quickly. but at the same time, because russia uses very more than the aircraft that rely on those very technologies, it will be increasingly difficult to safe,

safely operate western aircraft without computer updates. and russia itself hardly builds its own aircraft, or at least not nearly enough. so it's going well for now, but it might not go well for longer. uri rossetto pharaoh chief energy of the studios in riga. thank you very much. it's meant to boost mexico's economy by delivering more tourists to its most famous sites. but constructing the my and train project involve bulldozing a path through miles of tropical forests. now affected communities want tourists to know that their journey is came out of cost. they cut a 90 meter wide lane here for the trend. maya, a sensitive ecosystem is in danger, says biologist, or better or hole with a local residence. he leads us to the construction site near ply delgado men, a famous tourists by total care. the government didn't wait for environmental reports or final approval before slash and with tropical forest. an estimated

9000000 trees were cut down destroying habits. le fragment, as young as l precipio. if you cut through ecosystems, that's the beginning of the end, but it's an equal side that shouldn't have happened. can no, they were to say these overflows at that, mexico's president dismissals. these concerns, promotion of videos promised jobs and wealth. the train is designed to take tourists from the beaches to mind cities and villages on 1500 kilometers of track. critics say the government is doing a lot of things wrong, not least because the greatest treasure here lies underground in grotto, known as the notice. they store fresh water and are vital for animals and the forest quite dear construction. the train track is supposed to run over here is crazy factory, laquia, federal, environmentalists or stand european firms, including a subsidiary of german rel, operator deutsch. upon a working on this project, not the machines,

the dispute ends up in court, but after a brief hold to construction, the excavators return. the government authority rejects all the accusations and shows as permits. yes, trees were cut down, but many more have been planted alcala is, you know, absolute, i mean, to look at the works are entirely legal. it is an environmentally friendly project, a project that will bring about social development. if at all your social that something there isn't much of in the yucatan peninsula, hardly any jobs, hardly any prospects. the train could bring about mobility and work. it's something deutsche a ban is keen to point out. but it also says it is not responsible for environmental protection and only plays an advisory role for which it gets paid. 8.6000000 euros roll would like to show the germans,

the damage that tourism developments have caused in the past. some coastal towns grew. so rapidly that garbage and sewage poisoned the forest good, but there is no ordinary people will not benefit and they will remain at the level they are now or even become worse out. well, for now, environmentalists have lost this battle, but ra hopes to prevent deforestation on other parts of the line. he's not against trains and progress, but a gaze the project that so clearly damages the natural environment. and that's all from us. thanks for watching. ah ah with

ah, i need mutual my 2045. germany's public transport system is going green. is a good bye to the old bus. we know they're converting to electric energy which presents a technical challenge. is it worth it for the climate? absolutely. but what about for businesses made in germany? 90 minutes on d. w. a thought they were great. it is

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