one particular country delegation has been getting a lot of attention. find out which one and what does it take to protect the 9000 kilometers of oil and gas pipelines under the sea? we follow the norwegian navy. this is the w business. i'm janelle dumas on. welcome gdp in the euro area go by point 3 percent in the 3rd quarter of 2022. that's compared to the previous one, according to euros that compared to the same quarter of the previous year, g d p increased by 2.3 percent among the e u member states, the highest increase was recorded in ireland, which, where growth stood at 2.3 percent is doing a record of the highest decrease g. d p shrank by 1.8 percent compared to the previous quarter. for more i'm joined by carson. jeff ski head of macro economics at i. n g kirsten. how would you compare how european countries are doing

relative to each other? you're predicting for example, that spain is eventually going to lead the way italy seems to be struggling more. what's her assessment? now? we see it is currently 3rd quarter last year. we're still no strongly affected by the aftermath of the end of the lock downs. so strong gruesome tourism and services and also also industry some of catching up reducing the backlog. but currently i think we see that the countries with energy and tens of industry that is germany. that is italy. they are struggling cleaning much more than countries, for example, like spain, with a totally different energy mixed with a different economic mix. but also like, for example, northern european economies like economy, which is also doing much better thanks to the school stimulus. so a lot of it comes down to energy. you already mentioned germany,

transfer all of shots, however, has said that we won't see a recession here. do you agree? why wouldn't be that fast? and the funny thing is that on the same day christian, linda said that there might be. ready a mog recession there earlier, mr. harb, except that there could also be a recession. i think the german government is currently not speaking with one voice practice that the germany is doing better than expected. that that is a good thing. but i think we're still not out of the woods. we still have that higher gas and electricity prices are passed through to consumers. so private consumption, 2023 will be weak. we all said that energy intensive industry in germany is i think, down 13 percent year on year. that is not good news. industrial artist has been declining since the start at 2022, and then on top of that we have interest rate hikes by the to be so by now, $250.00 basis points, higher interest rates,

which will also leave the mark on all european economies i would be cautious saying that germany will not enter a recession. tax is that there is resilience in germany, and that the german economy and the european economy are doing better than feared half a year ago. now very briefly, if you can, carson can recession be headed off no, no hired it unless we could, we see even more facial stimulus. but we already seen fiscal stimulus close to the side that we had and damage and there will be limits to what government can do. there are limits to how much government can stand in order to support the economy. carson, jessica, head of macro economics that i n g. thank you very much as usual to davos now. and india has been pulling out all stops, attract investors at the world economic forum. the country which has just taken over the g 20 presidency,

is touting itself as an investment destination for cabinet ministers and a broad group of business leaders are there to market india as a strong resilient economy that can be seen as a global problem solver. last year in yourself for an investment worth 84000000000 dollars and 8.77 percent economic growth. for more in this i spoke to my colleague ashy tosh pandey in davos. i started by asking him about what kind of investor interest in india he's been seeing so far. oh janelle, it's certainly chilly here in doors. but india seems to be building some warm ties with the business community as well as the government, so abroad. so it is seeing a lot of interest that the house behind me is basically the hub of india's operation here in divorcee. that's where the main meetings are taking place. most of the fireside chat and the panel discussions are bagged and alongside this house

. there's also other launches that the launch is that the india set up the inclusive of the launch rest, promoting the various handicrafts and textiles of india. then there's the sustainability launch that's big because india is seeking to attract a lot of investments in the green economy. oh, so that's there been a, in a, in addition to that, there is also this various feats who had set up their own the loungers. so they also tried to attract a investments and indian id funds in at dice, or when it's really very tough for the industry. they have come here seeking international investments. warm ties. indeed, now are any of those a warm ties translating into any notable deals on the table? well i oh, if you speak of concrete numbers, i spoke to the chief minister of marashi,

which is one of the top industrialized states in india. it attracts won the highest in the number of investment for investments. so the chief minister told me that they had actually struck deeds worth $17000000000.00 already. that was the day before yesterday when i spoke to him. so clearly there is a lot of interest, and these, the, these, the interest is coming from across sectors. it's coming from the people who are looking at india as a destination for electron mobility. they're looking at a sustainability and they're trying to harness in just id talent. so basically yes, there is a lot of interest and this is a, this is this, the, just the number from one state. and the overall, like i mentioned, there is a lot of interest in what india is offering to the world here. 17000000000 for one state. why is there so much interest in india, even in a global slowdown,

investment is drying up in so many places. well, you know, that's an interesting question. i put that to the officials from india here and they've feel that it's to do with the fact that india is the bright sport at the time when the global economy is facing or slow down. they feel that india is still the one major economy that is growing, and it is the fastest growing major economy, the item of expect it to grow at 611 percent this year. despite all the recession darker around the world is so clearly that's one of the reasons than the other thing is the decided is the incentive that the indian government is offering to promote manufacturing in india. and at a time when the western governments are actually looking to diversify away from china, india is certainly offering itself as an alternative. and he has the country to

watch our correspond ashatash ashur ta chapin day on the ground for us in dallas. thank you very much. now to some of the other global business stories making use france is to say severe public transport disruptions to day as workers join a nationwide strike against a widely unpopular pension reform plan. the suggested changes would raise the retirement age from $62.00 to $64.00. and increased contributions required for a full pension. more than half of big japanese companies planned to raise wages this year, that's according to a new business survey from the reuters news agency that meets a key request from the prime minister to help workers cope with surgery. searching consumer prices, the survey also found 29 percent support for corporate tax to fund defense spending . as russia, warren ukraine highlights the vulnerability of energy supply,

including the likelihood of attacks on energy infrastructure. europe's biggest gas producer is on heightened alert. this that's report. take the font patrol with norway's navy, as they guard the thousands of kilometers of gas and oil pipelines near the bottom of the sea. all of europe relies on this man. admiral warner anderson, commander of noise, navy, is inspecting one of his frigates, docked at the country's western coast. from here, their co ordinating surveillance of norway's territorial waters, paying special attention to infrastructure close to the bottom of the sea. oil and gas pipelines, serving many european countries. let us live on the ard and we can't control to 100 percent. what happens under water by the information provided by energy companies combined with our military intelligence, helps us get a pretty good picture of the entire pipeline network. we've been legal with us and

political for a long term. you've bought the hard and warship noise army have to protect almost 9000 kilometers of pipelines and cables, plus oil and gas infrastructure out in the open sea and on land. soldiers are on duty around the clock and they worry, fearing acts of sabotage, especially since last year's detonations of the north stream pipelines in the baltic sea. norway is walner bowl. that's why prime minister eunice gustavo has put the entire military on heightened alert at the end of october. starla williamson, however, is skeptical. his fellow countrymen are naive, says the security expert. he's been warning for years that the russian neighbor has his eyes on norway. the hammer in flossing all, there's a lot of russian citizens working in our shipyards. it's been pretty obvious that

this is a targeted effort by the russian government to embed people here. what we need a wide ranging security plan that takes into account the direct military threats, but also looks at the possible threats posed by terror and espionage off entry within. in october, a self described brazilian scientist was arrested in the norwegian town of tom. so, the research group belin kits says they have identified him as a colonel in russia's military intelligence agency grew. meanwhile, ever since the war in ukraine began norwegian police has at least temporarily arrested 9 russian tourists among them the sullivan oligarch who was on a sailing trip and a suspect to have taken drone photos of sensitive targets within military no fly zones. no worries, navy wants to ensure there are no surprises. admiral anderson is getting regular

reports on the coast guard and he has increased the number of patrol troops along as countries 2500 kilometer shoreline. norway is europe's biggest gas producer. that brings the country a lot of money, but it comes with responsibilities to at rural anderson and his men are working to ensure that even in times of crisis, his country's natural gas gets to where it is needed. that's i. so thanks for watching. ah ah, with

norway is also vulnerable to attacks since the start of the war in ukraine. this scandinavian country has become europe's largest gas supplier, also making it a potential target for an act of sabotage. armed forces are on high alert. we're focused on europe. in 30 minutes on d. w. ah ah, what secrets lie behind these walls? discover new adventures in 360 degrees ah and explore fascinating

world heritage sites. d, w, world heritage, 360, get the app. now every journey begins with the 1st step and every language with the 1st word i looked, niko is in germany to learn german with why not learn with him? with the chef, it's simple online on your mo bile and free t w's e learning course, nico speak, german made easy. hey guys, it's avalanche. are my welcome to my podcast. last, the matter that i invite celebrities influences and experts to talk about all playing loved effect from day to day. nothing less because all these things and more and then you know,

season off the pot come make sure to tune and wherever you get your pot, cough and join the conversation because you know it love matters ah ah ah ah, this is dw news life in berlin germany's new defense minister kits, the ground running just hours after being sworn in board. the story. this is meeting with the u. s. defense secretary lloyd austin. likely top of the agenda. german battle tags for ukraine also coming up. i'm leaving because with such a privilege.