comes as brazil as preparing for the inauguration of its next president of lula da silva. but this event may now very well be amended because of the circumstances. brazil is holding free days of morning and on monday fans will be able to say a last good bye and pay their honest to their king of football when the casket of police is placed on a football pitch in santos. just 90 kilometers away from south. paolo on tuesday then he will be buried in a very small circle among his family members. the cold res, that search you're up to date, more world news of the top of the hour. i'm to round the clock from the w dot com to pop up of the debt. these places in europe were smashing in the records, stepped into a bold adventure. it's the treasure map for modern globetrotters. discover some of you to record breaking sites on google maps, youtube,

and know also in book form. hey guys, it's evelyn char. my welcome to my podcast. love matter is that i and life celebrities influences and expert to talk about all playing loved back from daddy. again, today, nothing less the south, all these things and more and then you know, season of the pot come the make sure to tune and wherever you get your pot path and join the conversation because you know it love matter. mm. with ah, 2022 was a dye, a year for the global economy. the early optimism for post covered growth was shattered by russia's illegal invasion of ukraine into driving up food and energy prices worldwide. dependent on russia for gas and oil,

europe was especially hot hit, china's strength, 0 coven policies of factories and ports shut down. another disruption to global supply chains hurting the rest of the world. yet more interest rate rises, but pushed through by the fed and d. c. b, swerving to avoid an economic crash. so what does 2023 hold? the i m f says the euro zone could narrowly avoid a recession, but not all the economists agree. the rise of a i could call millions of jobs into question alongside the conflicts in ukraine. china's tension with taiwan appears to be growing. india will overtake china to become the world's most populous country. this new year could see more economic upheaval than the last. i'm ben fizzle, and welcome to this d w. business special. to delve deeper into the divide in opinion over where the global economy is headed. i asked star economists muriel rubini,

why his outlook for europe of a long and protracted recession is so pessimistic in comparison to other focuses well, in the case over europe and the euro zona, the consensus is that would be a shorter than shallow recession. maybe a couple of court, those started thing, gary, that the 4th quarter didn't the 1st that article the next theater, followed by on a covey. i think that the energy problems of europe are severe. very high. thanks. ray shows, inflation is going to be more than that. why they european central bank expects that i have to raise rights more than the markers are expecting. and we have a high loads of private than public that i think is an interest rates is gonna lead to a more acidic anomaly. contraction in may also lead to financial instability for the barring costs. both of them are big sectors and the private sectors in the euros on . so i'm more pessimistic than they on science is about the degree and the severity

of the economy contraction that the eurozone is going to face sap next year. how much longer do you think a recession could last for europe? well, they're consensus that are social. my last only a couple of course, there is what they call a short been char laura, samsung plain vanilla garden. but i think we've barely any increase in the unemployment rate. i think that they are essential. my continue for most of next year. all of the for a quarter of next year as opposed to just a couple of quarters based on the arguments that the high that ratios are still negative supply shocks. they significant price of energy still high than the bands of europe on energy. and i think that the conflict between that your ration ukraine, unfortunate, is going to get worse before is gonna stop the lies. so that also geopolitical factors are gonna affect negatively business consumer and invest those confidence.

what about a quicker shift to renewable energy you brought that up? just then wouldn't that be something that would help spur on growth in, in that sector at least, and perhaps solve some of our problems when it comes to climate change and energy and security? when it's easier said than done, you know, for the last the of the share over your bowling global energy has gone from about 8 to 12 percent, one to one of our see to you all as been falling from 80 to the word says 78 percent there is investment done in 9 renewable, but they're all sorts of bottlenecks. by the way, a lot of they green the match valves are needed to essentially producer clean energy, whether it's called fair medium kabul. but others are now subject to what's called inflation, because they use a lot of energy. and with the price of energy being i, than the ability of producing those types of renewable energy is also constrained.

and if you want a faster transition to renewables, you have to sharply increase carbone axis, the average carbon tax to achieve the parties that order or those should be $200.00 per ton. today the average up around the world is only $10.00 and politically that is not count 3, it's going to go from $10.00 to plan that. you find the thing that police can response to high fuel prices is to reduce carbon taxes to reduce your taxes that the use of the incentive to switch from fossil fuels to renewables. so you need to give price and market incentives. that's not happening fast enough. now another of the mega threats we've all had to deal with is the pandemic, which is said to be over according to german beer ologist. as far as europe biggest economy goes, surely that's going to make a massive difference sometimes. so well, we don't know yet whether it be new strands, october 19th,

that will become virulent. the way army kron was. but the reality is that up low, my plan that makes, i'm going to become more at current and more severe. think of it this way. we think that by pandemic in that with a spanish, through 1918 and we didn't have any of the early meant. he made this. and since then his web had a chevy. sars of mares z, as in boy. busy laughs why and flaw birds. ready coughing, 19, mountain box, wine, that's the case. it has to do with global climate change. as with this, there are the equities them of animals and we encroach of them. then those animals that, that pathogens like dangling bats and others are closer livestock and close of human beings. that's why you have these zon optic transmission from unable to humans. that phenomenon is gonna become more severe. and as that is about climate change, that for my frost, for example in siberia is the frosting. that's when i released tons of methane and methane as 10 times getting our gas emissions than say,

seo tool. and they're actually a bacteria and viruses have been frozen in the tools that are there in the panama frost for thousands of years. and some of them have been discovered recently. so that could be even free here. versions of on them is coming out and that are for pandemic and global climate change go together. and the cost of dealing with the next on them is gonna be huge. where they were trying to prevent the exam they or why we're trying to damage control it exposed like we did the coping 19. so we have to be getting used to the fact that pandemic got to become more frequent, more virulent morrissey. the of, and more costly and china is still battling the pandemic. but what sort of future role will china play on the global stage? 2 thick? well, chinese a rising power, but is a power that is referred to as a revision of his power that together his allies arise, shop iran, north korea,

and now even pakistan, challenges they couldn't make so. so political trading, financial, monetary and geopolitical order that the u. s. europe and the west, great that asked than world war 2. our systems are essentially one of liberal democracy market economy with social welfare state and projecting power globally. but in a friendly way, china is a political mother that these outdoor italian become more outdoors, guardian, on their shoes in pain and economic model that they, this strictly of state capital is becoming more so. and geopolitical right now, chime is flexing. his muscles, want to take over taiwan, wants to dominate their jail and germany in asia and song, and therefore their west than china unfortunately, are on a collision course on many dimensions. what about the vulnerability of something like artificial intelligence?

it's something that china is pushed to all new height will a i b, replacing more and more jobs in 2023. as far as our, our mobility goes white collar jobs, as well as a factory workers and all sorts of jobs. one is gonna take time is not a matter of only 2023. but it's clear that a i machine learning robot think out donation is leaving. first the displacement of routine jobs that are look, all nonmetal factory then of more cognitive jobs that can be slice and naturally replaced by the machine. so this is that logical innovations increase the economic pie, but they also increase income. and while the inequality, because there are capital intensive, he'll buy as in labor saving. so if you own that machines or the carpet on the, on the machine, you the while you're in the top 10 percent distribution of skills, education or human copies are probably the,

i makes it more productive. but if you are a blue collar worker, a white collar worker with low, oh, or medium value added industry is increasingly your jobs and your income is going to be challenged by a i machine learning robotic animation. where am i going that direction of effectively permanent, permanent thinking? well, object go unemployment because of a i semester of any huge technological and economic changes ahead of us. a lot of doom and gloom though. is there anything positive that you can leave us with to finish off the interview? well, in the case of europe, i think that the positive thing is that the european union kept together faced with that tract of rash shark shirley. in spite of some of that division, there has been a common european policy. secondly, the eurozone in spite of its problems, is moving their action of great, there are is sharing and that. and there's also new members now joining like

croatia in the future are the ones. and from a security point of view, i don't think that europe is gonna arrive 20 independent tab strategic. i would call me the way micron and france loved it. but that thing that now nate is becoming strong anger, sweet them and no rejoining is going to make, make a stronger salt, at least in europe, euros on european union, and nato are becoming more cohesive in their way that stabilize as they europe young calling them, given the charm and just thought calming, especially from russia. that's open. he's a positive you heard from well famous economist, serial rubini, thanks for talking with us about the global economy grade being rated state. and you can find the full interview with ariel rubini on out youtube channel dw news. i've been for solon, boston business with

wes, making the headlights and what's behind van d. w. news africa. this shows that the issue is shaping the continent. life is slowly getting back to normal here on the street to give you enough reports on the inside. our correspond that was on the ground and reporting from across the continent and all the french stuff. my talk to you next on d. w. look at me affectionately as affectionately as you can. ah,

vladimir putin in the middle of his election campaign. did you turn the camera back on? in the year, 2000 a documentary secretly chronicled a power grab vladimir. if that mirror of it do the ends justify the means to tunes witnesses in 45 minutes on d, w o. in you become a criminal. oh, ready knows. welcome to take talk with hackers and paralyzing your societies. computers that are 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 on youtube. vest as did i didn't use africa with the special end of yeah, sure. around out of our best reports in 2022 from across the continent is what's coming out. we'll meet the last traitor. what's in black skin in medical textbooks then we'll take.