wholesome, brazilian president lola, a silver pledge, a free tray deal between the you and south american countries. roby realised, come summer and 3 years on since breaks it's british. businesses are still struggling with the fallout exacerbated by rising inflation and high energy costs. on 1st, cobra brought him to the program. the international monetary fund does not expect the global economy to slip into recession this year. in fact, after months of gloomy forecast, the i m f raised the outlook for global growth for the 1st time in the year. according to the analysis, the world economy will grow by 2.9 percent this year up to tenths of a percentage point from october's forecast. and global inflation is set to fall from 8.8 percent in 2022 to under 7 percent in this year. let's hear what the i'm of chief economist had to say. all the indications are that we are witnessing a rapid reopening of the economy. and so here,

when we think about the re opening of the chinese economy, it's going to have an impact on the supply side. because we can anticipate that once the economy fully reopened, we have less a supply chains, disruptions that we have witnessed in 2022 when they were log downs and, and confinements. so we're going to get an expansion in production coming from that side. now they can always slow by slow down in emerging markets, bought them out last year, the i m f experts say that would be good news for brazil and president lula da silva. who on monday met german chancellor hall of shawls for talks over the long stalled trade deal between the european union and the south american confederation macros, sore consisting of brazil, argentina, uruguay, and paraguay. both leaders pledged they'd worked towards the agreement being finished in the coming months. but not everybody is thrilled about that. large corporations shape agriculture in south america. that's one reason why there have

always been conflicts over the americas to a free trade agreement. south american countries want to export more meat to the e u. and this competition worries, european farmers. plus more and more rainforest is being cleared for livestock. farming. environmentalists are fiercely critical of the mecca sewer, trade agreement the america. so countries include brazil, argentina were a gwyle, and paraguay venezuela is currently suspended the america. so a deal would create a market with more than 700000000 people. accounting for almost 20 percent of the global economy. it would be the largest free trade zone in the world. america. so a countries and you reached a comprehensive association agreement in 2019 after 20 years of negotiations. but the agreement hasn't been ratified yet. there had been concerns of brazil's former right wing president james, both so narrow,

who ruthlessly promoted the deforestation of the amazon rain forest for moreland spring. indeed, the reporter asked her calling it only, vera answered, how likely is it that this trade deal will become a reality with lula to serve a back as president are very likely this time because we already know that he wants the treaty, a free trade treat between you and america, so countries, brazil, and sheena, part of why you want to, why he wants to be finished in 6 months after human presidency, and they will be in july. and since he oh yeah, he didn't know that he will stop deforestation in brazil in the amazon rain forest, the conditions for a new approach between you and the necklace. so sets you parliament stop this, this call the treaty negotiations in 2019 because of fall from our environment

politics. but now the invitation has changed and things might go on. so you think that timeframe is realistic then when laura del silva says the treaty should be completed by the summer? yes, i think it's realistic because there's already signed from both sides. like from the you and from chancellor shoals who's right now in brazil, they were already offered support for climate protection. and they appreciate the, the, the measures, the brazilian government announced to protect indigenous territories and to protect reinforced. so there's room for new negotiations. definitely. whatever yields expect ations when it comes to this free trade deal more. it's very important because berlin has a very strong agriculture of business,

as everybody knows and has everything nice commodities, food soldier. and it may have for like until $300.00 per year, there's no subsidy of subsidized. like in the, the you so all, if there would be no terry of full credit from brazil for example, that would really boost the culture business. and we will have a lot of brazilian food products here in our market. definitely w as in tango olivera master, thank you. that was my pleasure. britain is the only g 7 country whose economy is said to shrink this year according to the international monetary fonts projections, a mix of problems like higher taxes, shortage of workers and surgeon gas prices are to blame,

along with the impact of britain's exit from the e u 3 years ago, which is still seen as a unique drag, brags it has been a nightmare for many companies in the u. k. or correspondent 1000000000 mass took a closer look at one of them. many more laurie's used to pull into this for court. as them chemicals used to supply all of their cline's out of the headquarters in england, but since brags it, it's been too complicated and too expensive to forward any goods. to the eel managing director, danny lauren was forced to open up a 2nd hub in poland. and paying to lots of customs duties and are paying any okay. and in germany or poland, i was just doing a thing once i came in here. so as you have had to ram, do a lot more work for name of business. aston is working with raw materials for the cosmetics industry. the increased workload means that the company's productivity has taken a hit and low productivity. something that the british economy as

a whole is suffering from the medium to long term. britain will be 4 percent worse off than if it had stayed in the u. that's according to official forecast. so many british business leaders are not surprisingly now, asking what really are the benefits of breaks it? then a lot, ren cannot see any upsides of breaks it for a company, or indeed her industry with regards to the country as a whole. the british economy has recovered more slowly, after the pandemic than other comparable economies. we've had increased uncertainty since the referendum back in 2016. at that point we saw that business investment as a shared g. d p really took a hit in the u. k. and it hasn't really recovered. while in other countries, it was growing during that period. ellsbury is the nearest town to asked and chemicals people in the area voted narrowly to leave you. but to day we could not find many convinced by the realities of breaks. it was

a lot of promises my sickly boy, mr. johnson. marty, don't see. many of them come true, he said, brother of, i'm ready till i haven't seen it back to the tragedy where i don't think me with too small to be of any importance anywhere in the world with the situation we're in the economic situation we're in is a result of breaks it, which has stayed in with europe and we're, we're, we're together now is known as issues we tried and whatnot. so, yet more pers opinion and great on know that everything was going to the tough but in the long run will be a control we'll call for ourselves and go from there 3 years after the u. k. formerly left the you, one thing is clear breaks, it was always a political project for many businesses across the country. any economic benefits a hard to find. all right, let's get more from big muscles report. you just saw a bigot customs a seem to be a big issue there. what other problems has breaks it,

delta u. k companies? it's mostly those companies who x fall in the u that have really felt a big blow. they're really hit hard by breaks it and it's what's called non tariff barriers. so it's all the bureaucracy, all the extra red tape. and that the brakes are tears ironically wants to get rid of. but that enables small, particularly small companies to export to the you seamlessly like they would export to any other place within the u. k. and this has now ot stop to this or is mostly a problem for small companies. big companies are able to somehow absorb the acro bureaucracy. they've got their legal departments, they've got the accountants, but small companies, for then it's really, really been difficult, and some had to stop for trading with the u altogether. so with all these terrors and red tape now in existence, how have these companies adjusted it's fairly typical,

are what asked and chemicals the company you saw in the report have done. they had to open up an e u hub. so that's what i've had and read from other small companies. for example, i was also filming in a cheese company a couple of weeks a couple of months ago and, and they had to do something similar. they were very small exporter our of cheese to the you. however, it really became completely unsustainable because every small shipment a you've got to fill in the paperwork, it doesn't really matter whether it's a small piece of cheese or whether it's it's a container and for then air this, it was just not possible to they had to be of basically go in partnership with a bigger company and who already has an existing hub into the use of that seems to be the trick for, for, for many companies that others had to stop trading with the you altogether. um and

other companies have just absorb the cost, a bigot briggs continues to be a drag on your euclid economy. but as you said in your report, it wasn't nick an army, but primarily a political decision. at one of those saying that lobbied for briggs it 3 years ago, the director to years ah, pointing to some u. k. economic figures that are beneficial, for example, unemployment is, are relatively low, which probably also has to do with the fact that there's less workers coming in from the european union. so that's something that they are see it seizing on. but generally they are saying that breaks it will be beneficial for the u. k. in the long run that you k is able to set its own rules to deregulate where it wants to be, for example, in the city of london. and that that will be beneficial for brett, for, for britain in the long run. but as you said, it's mostly not an economic for a project. it was always about sovereignty about independence. so it's been

a political project. w correspondent, big marson, london, beer. thank you. and that's a show for more check out our website as the w dot com slash business. and of course the d. w. use youtube channel. i'm chris cockburn, berlin from the for me and the entire team. thanks for watching. have a successful with

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