johnny, as the country's new leader, this, after it's new jersey, elected president, was deposed by johnny's soldiers. and that's use update as you can find more online dot com or on social media. after do you have any news or stick around after a short break? business is coming up with those head lice. i'm clear. richardson in for lynn from the whole team. thank you so much for watching the every jenny is full of surprises. allowed to give you some of the right people in your northern most count the police

the 3 times a long but still very much alive. each of your guy to the special recognizes where exactly i learned a lot of our culture history, dw, travel extremely worth a visit. the is a stock nation. the cost of attaining inflation relations. days ahead of germany shows europe's top economy posted no growth in the last quarter. at the same time, inflation, it does appear to be cooling. we'll get expert analysis on both developments over

me off to enjoy the good lives or struggling to afford to suit how items you know, sky rocketing inflation has exposed a star cloth define this is dw business. i'm kate ferguson. and thanks for joining me. germany posted no growth in the last quarter raising fierce and europe largest economy is facing a long term loss of momentum. higher energy costs driven by the horn ukraine. china, sluggish recovery, and higher borrowing costs are all waiting on the country. there was some promising news though. inflation dropped slightly in july, coming in at 6.2 percent for more and that's less bringing approval on that kind of grim professor of economics up sleepers. alexander university, i'm a member of germany's cancel off economic experts. veronica 0 growth following 2 quarters of contraction. this has not signed. great. what's going on? yeah, i think we are in

a difficult period in germany as the central banks have been raising the interest rates at a record pace basically since last year in order to find this place. and i think the down putting of economic growth is something that comes with it about, which is all of course necessary in order to get inflation down. so i think this will be the challenge to get us most lending of monetary policy. not too much of a recession, but we're in a very stagnation kind of period. okay, so inflation is down a little bit only slightly to 6.2 percent. does that mean we can finally expect an end to these interest rates high? which of really being hitting people with their mortgages on with their car loan payments or yeah, i think b, c, b is not still much greater pressure then the federal reserve bank in the united states and the court inflation in the eurozone. if it's still high, it is, might now go down,

but it seems as if the issue is not yet done. so of the c, b has not committed itself to a for, for interest read step in september of but it will make its decision dependent on data basically. and i think it could be expected that there was a next step in september. but why is the be under so much more pressure than the fed? why are the policies working in the us? i'm not hearing your yeah, 1st of the be reacted much later than the february. so um the inflation is still high. so in europe there was a lot of pressure from the supply side. basically we had a huge energy crisis. energy prices went up and now they are going to step by step into car inflation. and court inflation has been rising and is still high. so this is a challenge for the u. c. b, headline inflation is very heterogeneous across europe and spain, for example,

where the energy prices have risen or baby very much in 2022 cor inflation is now down because the energy price effect is not that essential anymore. in other countries like flow rate, york inflation is still at 11.3 percent, but the average it has car inflation is still high. and i think this is the main issue. why the c b is not done yet, but as the most since they're, the countries are really experiencing diverging states here. why is germany struggling so much? one of the weaknesses in this economy? yeah, i think does that 2 aspects beyond monetary policy? one issue is that germany has been hip very strongly by the end of the crisis, because germany has been very dependent on russian gas. and so the deliberately stopped on rushing gossett, especially durham,

and you've heard very much and 2nd of this, a lot of energy intensive industry in germany, which is now of course, struggling with a high energy prices. and there was quite a lot of uncertainty. now. what will be the prospectus and in the context of the energy intensive industry? i think one is you are the fossil fuel energy prices. and the other issue is the transformation, which is much more of a challenge in these times. so the transformation towards climate neutrality and of course, something that is very important for of the industry and which is very uh, which puts very much things that stay at the moment for on the playground. that professor of economics obviously plays alex on the university there. now while inflation, the euro zone to maybe easing elsewhere in the world, it is a completely different story. in argentina, inflation is forecast to his a 120 percent by the end of the year. for those fortunate enough to have money to

spare, the raffling devaluing currency is a reason to go out and enjoy life instead of watching their savings dwindle in the back. for the poor, rising prices mean struggling to afford to eat it's friday and on the coast of rio de la plata. this restaurant is crowded as are many others and natural end and middle class neighborhoods. one of the restaurant owners, diego was in you all. those says that despite drummed contemplation, consumption and leisure and culture including eating out has increased 7 percent compared to 2022. the money. that is why they, why do i have no notion of courtesy? the feasel is literally drowning, and it doesn't make sense to say, so don't, aren't many opportunities for investing either. that's why many people have decided to spend what they have on vacations, beautiful restaurant visits, grew up and recreation in general. and it's a bradley going to him one of my names. one of the customers is roberto romano. he

is spending around $40.00 for a plate of oysters and a glass of wine. i'm seeing that can you see a price as having an effect? and all of us going to a restaurant is the only thing i can afford. i don't buy clothes. i don't buy luxury products. i don't buy anything. i mean i spend it on food. why? because it brings me joy or something i allow myself to indulge in with the money roberto spends on his meal for adulthood rental room. and if a villa in going to cyrus, where he has been sleeping rough for a year last year, the number of people living on the streets of winter cyrus increased 34 percent. because of his addiction, for adults will no longer has the documents needed to receive a subsidy for rent. and what he earns from collecting garbage isn't enough. i kind of forward anything, even by a tea little meet at

a butcher is out of my reach. 2 and a half trans costs of $2500.00 pieces. you'd also have to have to buy rice vegetables plus the gas you spends to go to places. how do you suppose to do that when you're only earning 6000 pesos? it's crazy and i'm angry. you. mariana gonzales is an economist, that'd be unemployment agency in argentina. it has analyzed the glowing, any quality in the country. and i, you know, associated society has become poor as a whole. the people at the lower end of the income scale are suffering the most of the, you know, put on even the middle class has not gained anything during this time. rather the opposite. and yet we see a trend like the credit restaurants. but i'm saying some say the overcrowded restaurants are due to the so called around economy, where many are in high income's through informal off the books work and make even more money than in the formal labor market. the origin tina sky rocketing installation has also led to an astronomical rise in the rent. the government has

stepped in with a low to stop the landlord's increasing costs too often. but in many cases that policy has backfired. leaving tenants in an even worse stage. and before apartments important aside is a highly sought after and they are extremely expensive rental price as emergency enough capital and have exploded in recent years to protect tenants. and you know, was passed that the last landlords only one rent increase per year, but it's back fi it. many landlords have instead switch to platforms like a or b and b, they must receive the owners are focusing on template a wrench because they are paid in dollars, which is a strong currency. and we can understand it because they have worked their whole life. both properties and not want to get a good income from them because i do know one of them though the landlords have been trying to compensate for the inflation offer on 100 percent and to avoid the weak origin time passed. so if payment is made,

why are for an account us dollars can be converted into pessimists at black markets rights award and currency controls. it's illegal but widespread. and it has led to a huge imbalance and the capitals, real estate market the a. well, no further issue, but before to know that there were as many as 8 times as many listings for rent and the product and on the market as now because it wasn't going to be with and that's a big change it to some of the, i mean the last few months, besides being hit by inflation and in the last, a new player appeared to know what the temper or rent is going to do. but i believe less younger what the amount of today. and off load is like, you know, what i do. that's only added to the missouri for tenants in the metro opponents of point to cyrus. and we to inflation only rising things don't look to get any better

. tens of thousands of people have been forced to leave their homes and cut their holidays shores as wildfire as continue to rage on the greek islands of rhodes, on for food in a country where one and 5 jobs depends on the tourism industry. the economic impact of climate change is already painfully apparent. this is what's left of the dream vacation. the fire has raged heavily on the greek holiday island of rhodes. tens of thousands of people had to be evacuated from results and homes in the past few days . thousands of vacation as well flown out for the trace. it was a really terrified and bad experience, but from us, i think it's the words because we leave here. everything is burned. taco some, a triple us is in a similar situation. his business was not spared by the flames. nevertheless, he's now trying to look forward with the business. we are. we have

a good defense and the way i hope we're to fix it again. it's not that bad every way. he and call, for example, a major area swift sped by the fios hotel owners. i'm out particularly worried that guests might stay away because of the pictures they see on tv. some travel agencies have already restricted the office to grease. of course, they've agreed to pay the bill of this for safety reasons, but that not let me did here. we don't have any problems about then just the not to defy the people. the core full is a emergency. it's one sides of the eye but needs help. but we have a, we still have authority and we don't have any progress in the other areas in greece, $1.00 and $5.00 jobs depends on tourism. but on holiday islands like roads and call for, it's likely close to 100 percent on that rough up i show from where you can always check out to tell me dot com slash that's it for me on the team itself. i take

the books view, we'll tell you the story. we have a getting a visa is more difficult than finding gold hosted to use force and for the future in the stories and issues that are being discussed across the country. news africa, c d, w, go in the the waste from this cross is a major source of pollution, but it could become a solution because this entrepreneur is turning it into a new brand with lots of benefits. they are cheap,

they provide better installation. they captured carbon dioxide 60 minutes on the w would or sports, all of our scoring. we say they were about never giving up sports flies every weekend on dw the this is data, the news applica coming up on the program, free weights and free weapons. president bush and pharmacist, 2 key takeaways for african betus at his russia africa summit. but what is the one from africa and how strong is russian influence on the continent also coming up boots and even has clergyman.