power extends far beyond the boundaries, but also what you can is i want my kids to play as well. i would love to see my kid doing something like this, and i think it's definitely boosted the community in being able to show pride and even other people having stuff like this. it's connected us a lot more. and with that team showing no signs of slowing down, there could be plenty more in store for my jewelry of friends at 6 woke up and you up to date, but to stick around keep ferguson has your business is up next. thanks for joining us. so the winning offer in the world wide and for every language level, learning german has never been simpler. german to go. not just another

day. so much is happening all at once. we take time to understand this is the day in depth look at current news, events analyze twice, experts to come to critical i think not just another show. this is video weekdays, on dw, the is a stock nation. the cost of taming installation. licensed a side of germany shows your 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 installation has exposed a start class to buy this instead of the business on k. ferguson. and thanks for joining me. germany posted no growth in the last quarter raising fears and europe. largest economy is facing a long term loss of momentum, higher energy cost driven by the horn ukraine. china's sluggish recovery and higher borrowing costs are all waiting on the country. there was some promising news though. inflation dropped slightly in july coming and 6.2 percent for more and that's less bringing from the grim professor of economics up sleepers . alex on the university as 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 key interest

rates at a regular pace basically since last year in order to find this place. and i think the dampening 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 a little bit only slightly to 6.2 percent. does that mean we can finally expect an end to these interest rate, high flush of really being hasting people with their mortgages? i'm with a car loan payments. yeah, i think b, c, b is not still much way to pressure. um then the federal reserve bank in the united states and the court inflation in the euro zone is 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 rates, 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 here in europe or 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's 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 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 deliberately stopped and rushing gossett 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 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 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 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 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 in affluent and middle class neighborhoods. one of the restaurant owners, diego was in you, although it says that despite drummed contemplation, consumption and leisure and culture including eating out has increased 7 percent compared to 2022. the ammonia is why. busy i have no notion of carriers either. visa is literally drowning and it doesn't make sense to say you don't find 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. i mean it's a brand new consumer, no set of money and one of the customers is roberto romano. he is spending around

$40.00 for a plate of pointers and a glass of wine. i'm seeing that. can you see a price 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 good rental room. and if a villa in going to cyrus, where he's 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. the i kind of forward anything even buying a teal of meat at the butcher is out of my reach on 2 and

a half trans costs of 2500 pieces. you'd also have to have to buy rice vegetables plus the gas who 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 at the unemployment agency in argentina. it has analyzed the growing any quality in the country. and i, you know, so sad cuz 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. and argentines, skyrocketing inflation, 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 in going to side is, are 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 that the last landlords only one rent increase per year, but it's back fi it many landlords have instead switch to platforms like air b and be the most we see the owners are focusing on template or rents 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. getting to 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 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 your so, but before to know that there were as many as 8 times as many listings for rent in the apartment and on the market as now when you see them and they'll send it to me with and that's a big change it to some of the, i mean the last few months besides being hit by inflation engineer law, a new player appeared to know what the temporary rent is going to do. yeah, but i believe last year on the left then the amount of today and off load is, is like, you know, up and, but audio that's only added to the missouri for tenants in the metro opponents. so for in a cyrus and we to inflation only rising things don't live to get any better. tens

of thousands of people have been forced to leave their homes on color, hold a source as wildfire as 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 tories. it was a really terrified and bad experience. but from us, i think it's more is 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 have. uh, we have a good sense and the way i hope were to fix it again. it's not that bad every where

he and call for example, a major area swift sped by the fios hotel owners. i know 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 the, the bill of this for safety reasons, but the non funding did here. we don't have any problems about them. just the not to defy the paper with the core 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, $1.00 and $5.00 jobs depends on tourism. but on holly the 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 need dot com slash that's it for me on the team

itself. i take the this thread to the baltic states. what would happen is russia attacked lithuania, health, a new missouri rehearsal for in this scenario. in spring of 2023. it was a large scale exercise led by germany with international cooperation and exclusive look at military tactics and what motivates soldiers to keep going. t w. they use us of joint shame, solar tissue, social media, duration. all of them seem to manipulate of feeling. the width

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