of rights, and to raise awareness for a cause that affects many families. before we go, here's a reminder off the top story we are following for you. the international criminal court has issued an arrest warrant for russian president vladimir putin. the court in the hague says it for his alleged involvement and abductions of children, a new cramp. that's all for the show coming up next, d w. if this is mary fe, now, don't forget, that's always one. he was in that fight and he got me dot com and then massage as well. thank you for watching guardian's of truth. my name is john dinner and i have paid almost every price of being a journalist in a country like to key taking on the powers that be they risk everything

john, don't dar, asks activists, journalists and politicians living in exile with too much on my shoulders. but i have to hold this weight because i'm responsible for the future follow country for the people who are behind the bus. they live for their mission. people need to know what is happening in our series guardians of truth watch, know on youtube, d. w documentary. ah, get ready for growth, that's according to the o u. c. d. despite the banking term, all the group raises. that's world economic growth outlook. but it warns that the recovery is fragile, where he will hear from one of the authors of the report. and 1st republic stocks

tumbling again even after rival bang lend a helping hand. i. melina woke up the always, the dea has proved it's gross forecast for major economies, but warns that inflation is still a risk organization for economic cooperation and development now expects the global economy to grow by 2.6 percent this year. it's previous forecast was 2.2 percent, despite relatively positive signs. it warned that this is a fragile recovery pointing to uncertainty because of the war in ukraine and price pressures that we city also urges central bank to continue raising interest rates. i'm joined now by isa cosco. she's one of the authors of the study, the always cd urging central banks to keep raising interest rates despite financial turmoil. why does it seem to be convinced by the stability of the banking system

for any we think that high interest rate, such as necessary or not, did your bill inflation and bring one face based on to the targets. so we think that interest rates need to stay at a higher level and in some kind of even rice. the other one of course high interest rates have questions on financial markets, as we've just recently witnessed in the us when since and the other 2 men to deal with financial ability concerns. and we think that they should use these tools, but use high interest rates to fight inflation. one of the countries that stands out in the outlook is india. your report predicts that it will grow the most out of any country in 2024, 7.7 percent overtaking china is in yes, turned to be the center of growth for asia coming. i mean, in general, asian economies are se shielded more than other countries from, from the current role, slow down, partly because they would be seeing

a low inflation rates and other countries and obviously also less affected by the one you creed. and in yes, growth is quite strong in object info, it's also moderating and it's tied to financial conditions. but given that, of course, also the chinese economy is slow and they have been snowing in the past a year. now, yes, growth is actually higher than your outlook for the u. k. has slightly improved as only recording negative growth this year in your report. could you tell us a little bit, a bit about why that is, and also maybe the differences in different european countries, outlooks. i mean, and data in the united kingdom have surprised a bit on the upside to recently. not as was the case. also for a couple of other countries, still the bike, you know, opposition is still the course performing g 70 economy and our projection now which is related to a strong cost of living,

squeeze that the company is facing. region prices of energy have increased more in, in k then in comparable countries, which does not keeping up with prices. but there is, there is not good reason was basically because the reason data price on an upside. what about if we look at europe in a comparative sense, how are different european economies expected to fair differently in the coming years? this, we can, yes, they did the few big european countries, france, italy, and germany. we see that this year it's weaker in germany than in the other 2 countries. and it's mostly because gemini has been taken most strongly, not by the repercussions of the war, is obviously more dependent on the, on russian gas. it is also more interlinked. gilbert supply chain, sol, so you know the bottlenecks and supply chains closing off the chinese economy last

year. these had lodging, gemini, then on the other 2 countries. but going forward a gemini will also benefit more from the reopening of supply chain reopening in china. and there's also a very strong export on the back in the gym economy, which was activity going forward. so germany lagging behind there a bit is a bit cosca. thank you so much for speaking to us. welcome share. as a new us bank 1st republic have tumbled yet again after financial lifeline, failed to calm investors. 11 of the biggest us banks including j. p. morgan chase, and goldman sachs, teamed up to rescue the san francisco based rival providing a $30000000000.00 cash deposit. first republic was hit by depositor withdrawals. after silicon valley bank collapsed. shares home 80 percent in the past week.

i'm joined now by brad set, sir from the council on foreign relations. the sir sets are some of the biggest u. s. banks teaming up to save arrival. what's in it for these banks? well, i think all banks now have a stake in the stability of the u. s. financial system. i think all of the major banks that participated and the deposit that was placed with 1st republic are looking to allow a little bit more time for our 1st republic to either raise funds on his own to recapitalize itself, which seems a bit unlikely or more likely ridge to take over a 1st republic by one of the other major banks in the united states for public so midsize bank. so it wouldn't be it wouldn't be unreasonable to see it purchased by

another stronger regional bank or by one of the us bankers. you just mentioned to take over by other banks and we've seen that despite the financial lifeline, shares of 1st republic tumbled again today. and i was wondering if this evidence that contagious setting in i don't actually think so. i think 1st republic was known to be a weak bank, even before silicon valley bank failed. i think it's widely recognized that 1st republic does need a recap was ation. does need to be merged with a stronger partner. so i think this is just the market trying to guest the price at which that take, who will take place. i'd like to take a step back and talk about one of the reason behind the demise of silicon valley bank, which are these long term bond portfolios. now we've been speaking

a lot about long term bond issues in relation to european and american bangs, but you've highlighted that there are looming risks in asia. could you walk us through what you see there? well, i think there are 2 sets of risk in asia and in japan, in particular, one is that japan is likely to raise its interest rates and that could generate some of the pressures on the long term. yen denominated bond, we're folio that many japanese banks hold on. the 2nd risk is that a number of japanese banks, which are curly jap, japan's host bank, have large portfolios of u. s. bonds that their funding was short term fund money and those particular trades are now money was brad sets are thank you so much now it's clearly been a big week for the west market in scott and joins me now from wall street for the

latest news. yes, bitcoin shooting up 30 percent and the price of oil diving. what's going on there? definitely. maria's a lot of movement in all of those markets at the moment of the sell, effectually in bitcoin, started almost on the day a year ago when they're a federal reserve started to the interest rates cycle. a to the, an upside that did put a lot of pressure on a bit cons. and now there is sort of the idea of speculation that the federal reserve soon might be done with increasing interest rates. and this is one of the reasons why a bit coins are coming back even if and weekly increase of i think at the end of was 35 percent is definitely not her usually than on the other side. oil down for the week by 14 percent. well, the idea is that also with the trauma oil in the financial system,

in the banking system, that we might to see some pressure on economic growth here in the united states. the biggest economy on the planet, but also a globally meaning probably less demand for oil. and therefore we saw this huge pressure on the price of oil a riot. so as you mentioned, it's been an especially tumultuous week for the banking factor. what's next week's outlook? well, murray, it's very simple federal reserve for they will have their today meeting a tuesday and wednesday. so wednesday we will be a bit smarter and if the interest rates will be increased by $25.00 for basis points, that's at least what are people on wall street. and a lot of economists expect, at this point, it will be especially interesting because ahead of this fed meeting, there has been a quiet period. so all those federal reserve bankers were not really allowed to talk to the media for instance. so they could not really comment em on what's going

on in the banking system here in the united states. so that makes service a meeting next week, and especially the press conference on wednesday, especially if the federal reserve would not increase interest rate. so at all that could somehow a point that the federal reserve is super concern. so that's what they don't want and an increase of more than $25.00 point. so probably would also not be too smart, or was all of the after the trouble that we're having in the financial system at the moment. so important decisions ahead next week. thank you so much ins. carter now swimmers have been faced with a tricky choice during the energy crisis, toughen up and embraced the cold or pay more for your work out in a heated pool, but not for the swimmers. exmouth leisure center in the u. k. they're doing lots in the heated pool and won't see any price hikes. that's because excess heat from

a nearby data center is raising the water temperature, where most data center center spend money to cool their service. these ones are immersed in oil. oil gets warm and it's piped over to heat the water. the energy transfer has already and fired others. 20 pools are currently adopting the technology and that's our show for more to go. he w dot com slash business in the dw news youtube channel for me and the team here in berlin. thank you for watching. ah, listen. hearing loss is often the result of injuries to the eardrum addressed in team of scientists is researching artificial replacement. a

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