species of under most the plans, something to get excited about. his reminder of the top story we're following for you at this, our leaders of the crew in new jersey or have the name of the head, the presidential guard up to it off monday chee on it as a conference, new leader. this after the after new years elected president was the suppose. but she, on your soldiers, that's all for me, but you stick around up next. keep ferguson has your business is thanks for joining us. the got some hot tips for your bucket list. magic corner chat. hot spot for food and some great cultural memorials to vote w travel off we go. hey guys,

it's evelyn charmaya. welcome to my pod cast. last the matter is that i invite celebrities, influenza and experts to talk about all plain loves data and india today. nothing less the south, all these things and more and the new season of the pop. com. make sure to tune in wherever you get your costs and join the conversation. because you know, it's last matter of the is a stock nation. the cost of painting inflation, licensed a side of germany shows your up top economy posted no growth in the last quarter of the same time inflation it does appear to be cooling. we'll get expert analysis on both developments. also coming up, enjoying the good life or struggling to afford food. how items you know,

sky rocketing inflation has exposed a star plots divide. this is dw business. i'm kate ferguson and thanks for joining me. germany posted no growth in the last quarter raising fears in 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, so inflation dropped slightly in july, coming in at 6.2 percent. for more in this less bringing from the grim professor of economics at fleet that it's alex on the university and 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? as yeah, i think we are in a difficult period in germany as

a central banks have been raving key interest rates at a regular 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, but 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 all bit only slightly to 6.2 percent. does that mean we can finally expect an end to these interest rates, high flush of really being hastening people with their mortgages? i'm with a car loan payments. 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 the c, b has not committed itself to a for, for interest read step in september of but it will make its um, decision dependent on data basically. and i think it could be expected that there was a next step in september. but why is the is to be under so much more pressure than the fed? why are the policies working in the us? i'm not here in europe as yeah, 1st of the easy be reacted much later than the february, so 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 core 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 in 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, right yard inflation is still at 11.3 percent, but the average um it has the 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 sites 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 deliberately stuck on russian gossip, especially durham, and you've heard very much. and 2nd of this is

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 perspective um, 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 trunk formation, which is much more of a challenge in these times. so the transformation towards climate neutrality is of course, something that is very important for of the industry and which is very of which puts very much things that stay at the moment. veronica graham, the 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 hit a 120 percent by the end of the year. and 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 bank 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 in affluent and middle class neighborhoods. one of the restaurant owners, diego was in you, although it says that despite drums and inflation consumption in leisure and culture including eating out as increased 7 percent compared to 2022. the money is. busy low national currency, the diesel 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 my outside of my into 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 getting a uh price as is 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 is it because something i allow myself to indulge in with the money roberto spends on his meal for adults will could rent a 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 when his iris 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 buying a teal of meat at the butcher is out of my reach. $12.00 and

a half trans costs of $2500.00 pieces. you'd also have to have to buy rice vegetables plus the gas you spent to go to places. how do you suppose to do that when you only earning 6000 pesos? it's crazy and i'm angry. you. mariana gonzales is an economist at the unemployment agency in argentina. it has analyzed the glowing, any quality in the country. and i, you know, so sad because this lady has become poor as a whole. the people at the lower end of the income scale are suffering the most of the, you know, for the 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 aster, nama called 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 comes back fired, leaving tenants in an even worse stage. and before apartments important aside is a highly sought after. and they are extremely expensive. rental prices emergency enough capital to have exploded and recent to us to protect tenants. and you know, was passed at the last landlords, only one rent increase per year budget by quiet many landlords having steps to reach to platforms like air bmw be the most. we see the owners are focusing on template or rents because they are paid them donors, 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 you 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, and if payment is made,

why are for an account us dollars can be converted into pessimists at the black markets rights award. and currency controls. it's illegal but widespread. and it has left you a huge imbalance in the capitals, real estate market. and they will know further so, 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 does it to whom do i deal 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 law, a new player appeared to know what the temporary rent is going to do. yeah. but i believe less younger what the amount of today and off load is, is like, you know, what i do. that's only added to the missouri for tenants in the metro pointed. so 4 and a cyrus and we do inflation only rising tanks. 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 wildfires continue to rage on the greek islands of rhodes and forces 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 flowing out for the trays. it was a really terrified and bad experience. but from us i think it's worse because we leave here. everything is burned taco some, a triple. this is in a similar situation. his business was not spat by the flames. nevertheless, he's now trying to look forward with the business we are. we have a good sense 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 now particularly worried that guests might stay away because of the pictures they see on tv. some travel agencies have already restricted their office degrees. of course, they've agreed to pay that. the village is 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. that score full is a, an 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 . one and 5 jobs depends on tourism. but on holiday islands like roads and call for, it's likely close to 100 percent on that rough up our show for more you can always check out. you don't the dot com slash that's it for me on the team itself. i take

the, the new year happy the box was the story a we have a getting a visa is more difficult than finding gold hosted to use the sales force and the for the future in the stories and issues that are being discussed across the country. news africa next on d w. it's time for visionaries. for sustainability. but also for horsepower. the,

it's time for the full bio revolution rad 60 d w. what secrets lie behind these was discovered new adventures and 360 degrees and explore fascinating world heritage sites dw world heritage 360 yeah. now this is data be news africa coming up on the programmed free weights and free weapons. president bush and pharmacist, 2 key takeaways for african betus at his russia africa summit. but what does he one from africa and how strong is russian influence on the continent also coming up boots and even has clergyman on his side.