again, japan beat the u. s. 3 to win the men's world baseball classic, the sports equivalent of the world cup. superstar sho, hey, of tawny, struck out los angeles. angels teammate mike trout to de throwed the defending champion. the triumph in miami gave japan its 1st title since 2009. ah. the crowd goes wild with that you're up to date on dw news. i'm sarah kelly and berlin off next my colleagues steven beardsley joins you stay with us. hey guys, it's evelyn sharma. welcome to my podcast. love matters that i and by celebrities, influences and experts to talk about all playing love back from dating. and yet today, nothing less of all these things and more and then you'll see them come,

make sure to tune and wherever you get you podcast and join the conversation because you know, it love matters, ah, a scoring we say they were giving up sports life every weekend on d w. b. o . a bit of good news for europe's largest economy, a new forecast painting and improved picture for germany through 2024. look at what's behind the new assessment, and what challenges might still arise. also on our sure will speak to the treasury secretary of sri lanka,

about his country's new i'm up deal and what it means for getting the nation out of crisis. i'm see from beardsley in berlin. welcome to our show. your if largest economy should just skirt recession this year. that's according to a new export assessment. the government council of economic experts now saying the economy will grow 2 tenths of a percent this year. due to a more stable energy supply. german efforts, replace russian energy exports have gone better than expected, with market prices falling from last summer's highs. and the ongoing global banking crisis is not a threat to germany's economy. that's according to the forecast. monica nestor is chair of the german council of economic experts which released that forecast and she joins me now. miss nestor, welcome to the show. we released a if i'm right, i think 40 page report, this update to an assessment that you gave last fall. can you summarize for us as, as briefly as possible? how would you describe the state of europe's largest economy right now?

never really benefit from the might winter and so the increasing supply of eternity . a place of energy in particular elegy in parts this has prod, energy prices down and we had benefiting from that. we are the benefits from the fact that china has stopped it's 0 coverage policy, so that has lightened up their own prospects for exports of it. and also it has ease the supply chain problems that german manufacturers experience for a long time. so in a nutshell or the alt lock has frightened, but only a little bit because what still is a huge problem is inflation? this decreases purchasing power on the wage has have not kept up with inflation so far. and so this is really dampening the economy as well as the

interest rates that have increased because of the easy b. so a policy of cost or on ya, damp, and inflation. this also is appropriate for investments. many experts have called this sticky inflation. that is, the general trend may be downwards, but it's hard to assess where exactly moving, how fast is moving up. do you feel like you have a good picture of how, where interest rates are going? does anyone have a good picture right now, given this kind of up and down that we're seeing with inclusion where we expect inflation to can down over the year. but this will be helped by the interest rate increases that the c p as in post. now the, the current, yar appeared in financial markets of cars. there is some demand to warn ya, perhaps not to increase in stress rate as much anymore, perhaps to postpone it a bit at the moment. we don't see that this will be really necessary. it's rather

important to really fight inflation because then the economy will grow up, a bit of in gal will pick up growth. and that is what we expect for the next year. speaking of inflation, we see a lot more labor union strikes over the past year because of inflation because we're fall in real wages. you mentioned that in your report, to what extent are we seeing a significant relationship between higher wage demands and rising prices, the so called a wage price spiral, where we have not seen this wage prize a spiral because the units have been in fact, really moderate with their wage demands, i mean yes, of course they golf on strike and they ask for more for the next 2 years because they have a lot of catching up to do with the real wages have really decreased over the last 2 years. and so that is understandable by the exactly the pi and that we just have

not increase so far. much yet is the reason why we don't see such a boost to inflation cannon from wages. briefly can we say that germany is out of the woods when it comes to the worst case scenarios we picture last year? at this point it looks rather private, but on, of course, the energy crisis is not over yet. we will still have to deal with for next winter . so that means we will have to fill up the gas supplies on this will again, yeah, most likely have of railer, rather boosting effect on energy prices. so it will take another year. so before we have all the supplies that we need from alternative sources, and that means we're not really out of the woods yet, but at the moment things are looking okay. alright. as monica schnitzer, chair of the german council of economic experts. thank you. you're welcome.

or moving on the i m f is okay to 3000000000 dollar loan package to help sri lanka dig itself out of debt on the condition that attack was the corruption and economic mismanagement that drove the country into crisis. after much anticipation, sri lanka is finally slated to receive a total of $3000000000.00 from the international monetary fund as part of its bailout package. the funds will help the country begin to dig its way out of its worst economic crisis in 7 decades. but the package has conditions, sri lankan must commit to tackling the corruption and economic mismanagement. that is to blame for the current situation. feel uncle with a 1st, a country in asia where the armful, good, deep diagnostics on corruption and governance. and the report will come out in september which will provide a roadmap for what needs to be done in terms of improving governance and recent corruption. last year, sri lankan took to the streets to demand accountability from their government. the protest led to the ousting of former president got to buy

a raja park so his family had long been accused of stealing assets and driving the countries finances into the ground. under current president, ronelle wicker m a singer, things seem to be stabilizing. sri lanka, central bank says it's reserves have improved and that the black market no longer controls the foreign currency trade. and it's come at a cost to ordinary sri. loggins taxes have gone up. energy subsidies cut even with a bail out. the road to recovery will be long. mendecy warden is the secretary to the treasury of sherlock and he joins me now for more secretaries who want to thank you for joining us. getting this funding from the i m f took longer than expected. how crucial is it for your country? in fact, as you just saw, you know, i'm, if a package has been very crucial,

in fact, we were able to get it approved by the i'm if executive board yesterday, i just an important milestone. i mean to talk to that she lancaster present situation. i don't have to explain that about the situation about one year. busy ago, you know, people who are suffering, they have a lot of, you know, and then choose for emergency supplies. there were other cards and notify the difficulties with and b as the amendment. i took the decision to go to the i am a fan, get this, i look program. and as a result of you know, very strong negotiations with the i'm if you able to get it stop level agreements on september last year. but it took about 4 to 5 months to get it approved by that . i am it board and we were in fact barely working in 2 parts.

one is to reform side and also the bid restructuring assurance of financial issues aside. and we were very thankful to that by little creditors who provided that strong financial assurances basically, go ahead with this and get it approved. and we are going to, if i tell you that this is very crucial in the, in other countries, you touch on this briefly the i m f made tackling corruption, a key part of this package. what concrete steps as your country taking to address those concerns. in fact, acting corruption isa. he area of our country's progress. it is not only because of i am asking, but the government has been very tedious on that. and it has segmented, in fact, that it's either been over the reform these forms or will be implemented not only i

never see longer to overcome this crisis. but if you said to see long on a new capital for growth and prevent us from, let's seeing into crisis in the future. so in terms of, you know, these reforms that we are going to implement, particularly impact production. or maybe we have taken mission to, you know, introduce and you could actually log in fact, that was approved by the cabinet i think just last week. and in addition to that, and they'll be, you know, governance related issues and the proposal will it all right? now i'm, if a mission is introlatta and they are basically, you know, going through all the aspects and also very supportive of that. and after this, what is that, what out? and you basically implementing a bigger connection or are they us happening again with the prospect of privatizing state enterprises cutting back stay subsidies. these prospects have already led to protests going taxation, right?

rising taxes. how are you going to win over the public with the, the details of this package which are going to require quite painful cut? in fact, if i tried to answer the question that i know similar space from revenue side, and we have been implementing revenue, raising your taxes in a progress humana. and then we know that some of the segments of their society have been affected, and we are very mindful about that. and then same time we are in the process of, you know, i respect to the story as it is as well. but it really, he said on enterprises in the petroleum energy sector and also the airline. so those are the key areas. and in addition in the budget $23.00 that was on monday, which is also i to be distracted. so it's a, it's a pattern pattern of the entire reform effort. so we believe that it is reformed, although the are the some difficulties where to clearly lived in the,

in the very short period. but going ahead that the size would be very positive. so that would be able to, you know, reduce or negative, a negative implications that are coming out of you know, as a result of the loss making and raises in the country. so in that way we have a positive and we are looking forward. basically, increment does the forms in a much shorter manner. melinda, sir wanda, is secretary to the treasury in sri lanka. thank you. now to some of the other global business stories making headlines, the international monetary fund has gone to a $15600000000.00 funding deal for ukraine, making the 1st country at war to receive a loan from the international lender. the deals a staff level agreement and would be one of the largest financing packages that ukraine has received since it was invaded by its neighbor, russia inflation. the u. k. unexpectedly jumped to 10.4 percent in february. that's according to new official data. rise was driven by higher food

prices and price. your drinks and pumps and restaurants. higher energy costs are a major contributor to swearing inflation in 2022 and you can energy import costs reached a record 132000000000 euros. more than double double the prior year. and bob has launched a new 300 megawatt coal fired power plant to help ease power outages, blackouts, lasting as long as 19 hours have crippled businesses and households in recent months. new power plant is largely funded by a chinese state run company as the fresh. oh, thanks for watching. ah ah, just how normally can life b in a state of emergency? the war in ukraine is a more on people's lives. and i'm the present threat to people in this

film tell us what this means for everyday life and for the future. living with war, close up next on d, w, making raring to read me. if there is any erotic events between them, you'd have to find it between the lines. he w literature. 100 german must reads me. the war has brought darkness to ukraine. russia's attack on the whole country has continued for more than a year. now. i've been.