the with hayes, classic american songs bandage was one of the most popular singers of the 50s. frank sinatra famously called him the best in the business benefit was touring well into his ninety's. and in his later years found new success. collaborating with younger stars, such as lady gag. the las veins economy has been picking up speed. so why could the government states defeat in sundays elections? chris cobra has more just after a short break. i'll see you very soon. the have someone else to the cd highlights of selected for you, you every week in you a box. subscribe. now the one of mankind's oldest ambitions to be within reach. what is it

really is possible to reverse the researches and scientists all over the world for a no race against time? they are peers and rivals with one daring goals to help smart nature the more likes watching it. on youtube dw documentary, the, the minimum wage raised economic growth on track inflation paved. so why is spans left, his prime minister having trouble staying and power will take a look at what's on voters minds just days before spain's snap. and that's also coming up a further sign of commitments to orthodox economic policy and an attempt to address

red hot inflation. turkeys and central bank raises interest rates for the 2nd time since the elections and make press koval. welcome to the program. on sunday, people on spain elect a new parliament and a shift to the right seems possible. that's even though a prime minister pet or sanchez left. this coalition can shine with economic successes. the ami grew by 5 and a half percent last year, stronger than it has been a decade. so the central bank recently raised the forecast for this year from 1.6 to 2.3 percent prime is the son, sanchez is also lost a $45000000000.00 a stimulus package to ease the burden of citizens sales tax on basic foods like bread milk and eggs has been abolished and the price cap has been introduced to electricity and gas is intended to curve price increases. unemployment is around 13 percent, although still alarmingly high. it is at its lowest level in 15 years. also,

a minimum income is supposed to help springs forest, but some companies say is having the opposite effect. garlic is a key ingredient in spanish cuisine and the key to understanding how spain's a minimum income works. this company on the east coast processes and exports thousands of tons of the pungent bulbs the year. most workers are in minimum wage here, but there's only been a muted response to the news that they're getting a res. yet i'm all set on the good, but not in the way it ought to be. autograph, thanks to the high price is when we go shopping. if those prices were lower, we would be better off if we had, i'm a buckle, it's added for unions, the minimum wage boost is a big step forward. there's a, there's a sonya is a 6 years i've had

a continuous increasing the minimum wage. this is a way of distributing wealth and making the large number of workers in spain better off. we're talking about more than 2000000 workers. they might say those me honestly, the highlighters. employees at the garlic wholesaler mostly women benefit from the wage increase. at least the ones who still have jobs. so you've been demo may not because we are sending less to the supermarkets and costs that are also going up. we have been forced to lay off some workers today. if you knew that one of the holidays in the past 6 months, a quarter of the 160 workers have been let go. a few kilometers away, tiffy kind of adds calculates that he now has to pay $12.00 bureaus and $0.23 per hour to each worker on his manager and farm. and that adds up at least 70 people are needed to work to 300 hector's. nearly half of the people on minimum wage in spain work in agriculture. so raising it can be difficult for employers go more

interested on the profit margin of chips shrinking because we can pass on our increased costs to supermarket. just put a few of them inside of these 10. no. so i find that makes our situation very complicated voice and so those are gonna be gone, which allows you to see on. it's not clear yet what the consequences of the minimum income will be for spain's economy as a whole, especially in the absence of statistical surveys. but what stands out this out to the bible fee, though unemployment figures are no longer fully as steadily inspired as they are in other european countries of us. but the spices it will to pay us. it could be that the increased the minimum income is difficult to digest, especially in the countryside. let's get more on the situation in spain. uh so shortly before the elections from gail a large, he's an economist at i. e university and madrid. welcome to w. gale. now raises in minimum wage,

an economy that's growing steadily and inflation, which has been teamed. why is spanish prime minister petra sanchez? never the less facing an uphill battle in trying to get re elected as well. i think if we gave a little background to this, it, it, it might be a little clear um, span easterling really well. it's one of the, you know, it's been one of the fastest growth rates and the leading economies now for the 3rd straight year. but if we look at where the recovery is coming from, some of these issues are not hitting your average citizen. so for example, tourism is doing very well despite this heat wave, it's doing extremely well. um, but what does that do? well, it, it does bring in a lot of jobs, but they are generally covered by immigrants and it pushes up rents, you know, a lot of them are going to air b and b. so this is, this is a, a source of problems. we're seeing a strong growth in housing investment, but a lot of that is foreigners, so we're seeing a lot of american and well north american, us and,

and mexican money come in as well as your opinion money because spanish housing is still pretty reasonable. you're seeing a demand for housing from remote workers, again, not hitting your, your middle class and, and pricing people out of the market. and then we also have to remember that spain was one of the countries to separate the most from they, they yours own crisis from the pandemic. and so there has been a lot of ground to recover and you just recovering it. but those memories are very strong, and of course inflation. inflation is eminently unpopular. spain has that a lot of inflation. it's come way down to really well. but this means, you know, lower real income. so, so these are, these are real issues for the average banner gain. let's talk about unemployment. um, the unemployment rate in spain has come down significantly, but is still quite high. what are your thoughts on that? and we have to remember that spanish unemployment went up to, you know,

25 percent after the global financial crisis. and now it's down to 11 and a half. so it's quite an improvement in spring has a hard time getting below 8 or 9. so, you know, it's quite good. of course we're interested in the quality of jobs generated, but you know, the unemployment situation is good in spain was one of the biggest creators of employment in europe in the 1st quarter, 2023. so again, we have to see it in perspective, spain does have a lot of structural issues like seasonal work, like, you know, the labor market is very rigid, which affect its ability to really get that unemployment rate down. of course, the underground employment to is, is an issue there. so it's a pretty good figure for spain. span is the recipient of the 2nd highest amount of funds coming from the recovery fund, trying to address the pandemic. how is that factoring in when it comes to the

spanish economy? i don't think from outside, it would be very easy to say that's the reason spain is growing so well. but if we get really precise about this and we kind of, we really look at the funds they were suppose to receive over the period about 5 percent more than 5 percent of g p, which is very substantial. but spain has had a lot of trouble actually budgeting and spending those funds because, you know, getting projects approved is difficult. the bureaucracy is quite imposing. so um, what we find if we really look at this closely, that the central government was only in 2022, was only able to spend actually disperse 30 percent of the amount they expected to spend in that year. so were you know, talking about a really low level of, i suppose, you would call it the execution. hopefully they'll do a little better and i'm sure, you know, with the elections coming, they've tried really hard in the 1st part of this year to accelerate the process.

so we might see, you know, uh, even maybe of a tripling of that amount of that could add one percentage point to g d p. but up until now we can't really credit those funds with a lot of spans good performance scale. are the economist at i university and madrid . gal, thank you for your time. as to parking now, and for more than a year, the country's president has been prompting the countries at central bank the caught the interest rates there by fanning, already galloping inflation. now in a 2nd such move since the elections in may, the central bank raised is key interest rate to 17.5 percent this week. purchase inflation is read off, especially for food the debt menu. yes. got married last year i and they say that this pipes having 2 incomes, they are barely making ends meet offices such as sticks, tight foot prices rose by almost 54 percent in june, year on year one. either on or to say the increase is even higher. that's being

felt even more acutely in big cities. where people that are already struggling with housing costs. head out in the middle here or outside what to buy together because of that. but if it was, and i don't think we're eating a balance, unhealthy dyess all the best, but rather they are merely getting enough to fill our stomachs and get ready for work the next day. because i did not type holdings and issued the united nations food and agriculture organization says global foot prizes had been on the don war trends over the last 12 months. but turkey has the nicole system tries and food prices for turkey. 3 comes after 2 months. so what's the cause of this increase? was it on the in june the significant fluctuations and exchange rates there was a 23 percent increase in the diesel price alone, the total surface area of agricultural industry working in the past 6 years. it's

gone down by 15 percent wage earners are compared to find new solutions in the face of regularly increasing prices of the market that they showed us. we're changing the supermarket we shop at. we're switching the brands the by 4 months ago. we started buying the cheaper brands we used to think we wouldn't want mark, we can't cope any other way. i didn't lose box control. i sent them new orders in june, the startup to harvest season. they were expectations that for the inflation would come in lower. but those expectations were dashed when each item is about so the price is eas, world wide over the past 12 months was in contrast, we experienced a 54 percent increase on the exchange rate has written by exactly 56 percent a loss from june 2022 to date, which if you notice is parallel to the rise and food prices. the cost of everything from irrigation fuel to fertilizer is increasing due to the rise and exchange rates

. i believe this will continue until the winter months. these drastic price rises are in just cutting into people's pocket books. some said they are changing towards your society, take care that one. unfortunately, there is no longer a middle class in turkey city time i see myself as a part of a class that is trying to maintain its life at a minimum level. i'm not in the middle class named despite being white color. i'm not in a place where i can say we have nice lives, like i said, the columbus say profound reforms are needed to come back for the inflation. and that's what's needed. our cultural and economic policy is aimed at development, the residential underly drops up our show for more news and background information . check out our website at www dot com slash business. and of course the d. w. use youtube chunk. of course, coburn roland for me in time. the entire team. thanks for watching and have a great weekend the

to the point. strong, clear positions, international perspectives, extreme weather conditions and no end in sight. more and more parts of the world are reporting t records, while others are seeing floods, intervention range, experts predict things will get worse to want to the point we at to record teeth, drought, and extreme weather. can we fill it out to the point, the forgotten by the state? the story inflation is driving many in britain into poverty. the while the government does nothing

local initiatives of trying to prevent the west from happening. how long will this last the very want to know it will make for jamming to justin love and binding thing. step away from the spot. i'm not even allowed to go to my own car on everyone with later holes and every single day. just getting you ready to meet. the gentleman enjoyed me. rachel stood on dw, the extreme weather conditions and no end in sight. more and more parts of the world are reporting you heat records, temperatures, sometimes we think of life threatening levels like in the us or in china is north west. this come from this forest fires, burn thousands and thousands of urgently needed treats. torrential rains cause floods in one.