and we families of victims and committed to more military and financial support for each round cost is more coverage of the conflict on t v dot com and on social media to access data, we can use thank you so much for the welding program. this top costs to everyone who wants to know more about this topic that concern us about this story is beyond the headline world in progress. the w talk costs the discovery change your mind. just click away,

find out best document trees on you to see the world, the subscribe. now to dw talking entry, the, the israel, him off conflict on the agenda. the i am a world bank meeting. we will look at the economic impact of the tensions on a global economy that's already struggling to recover from depends amex better to grow crops without licensed age? some farmers are trying to break the habit of parts of argentine, gets ready to bend the pesticides ends. kind of rising oil prices, a badge for producers. when it comes to all of the oil,

the answer seems to be yes. i my the xena, welcome to the show, the israel, him off conflict has thrown the world economy into new uncertainty. it emitted to moultrie this week the international monetary fund has published it's new economic outlook. here's what i must director, chris selina, you'll give, i had to say about the economic impact of the fighting. it is too early to say. we have seen some up and down on of oil prices. we have seen some reaction on markets. and as i said, we will be close to the monitoring this very, very clearly. this is a new clout on not the city is verizon for the world economy dime, us also revise the growth forecasts for the world's 2 biggest economies. the united

states and china for the united states and raised those projections for economic growth to 2 point one percent of 0.3 percentage points from his previous forecast sign. on the other hand is expected to grow less than previously expected. 5 percent. that's 0.2 percentage points, less growth than the i m f announced in july. joining me now is i'm a ras fun she's chief investment officer and see this investment advisory services . thank you for joining us on um, on a i m f t. a girl gave us as a new cloud on the horizon. how big a cloud do you think this is? is a nice to join you marie. i think this is other few implications here, and that's partly specific to the region in terms of uncertainty in the cloud and partly war in general. she didn't make

a comment about oil prices going up and down in closely monitoring the situation. and i think that reflects the uncertainty about a potential contagion of this conflict into a regional war. and that could definitely potentially have impact on the production of crude, but in general, war is by nature inflationary. so in a world where we've already seen inflationary pressures, and we've also seen central banks reacting to those inflationary pressures, this may prove to be another challenge that's on the horizon. and remember, this is the 2nd war that we're seeing in a year and a half. and the whole world is watching and there may be some pressure in different countries to determine whether allergies allies truly are. and when the world is divided, it is not good for fostering global economic growth. right, so and if we look at the forecast of the i m f, it's becoming more optimistic on

u. s. economic growth. does that surprise you? as it says not. so what the i m f is doing is october. it's almost the end of 2023. so they're making their final revisions. most of the years behind us, most of the 2023 is more visible than it was in july. so us economy has been out performing expectations all year along. and it seems like i m f is now acknowledging that at the lower expectation at the beginning was due to the worries about a recession based on weakness and manufacturing and tech sectors. and remember the banking turmoil back in march. it had everybody worried as well as the rapidly rising interest rates. but americans, it seems, had a lot in savings that americans could use during this difficult time. so 2023 might be looking better. there. questions about 2024. right. so looking at 2024, what are the biggest economic risks facing the us right now?

so we're looking at consumers, so about 70 percent of the us economy is driven by american consumers. if you take a look at the american consumers, cash flow isn't looking that great, right? so the savings that i mentioned earlier were running out of it. um student loan payments are starting again in october and that is a huge issue here in the united states. and of course, came in this morning to our inflation measure for consumers this morning, and it's still running hot. and on top of that, it's really food and energy prices are driving it, and those are essentials to sustain human life. so even if economic growth may look good from the top level, like the i n s, the question really is there are americans really thriving under those? uh, the 2 point. $12.00 uh, growth rate, expectations, or are they struggling? and if there is another challenge coming at us, we'll be able to be with able to withstand it. that is the big question. right.

china grows, outlook as opposed to the us was revised down. is that coming as a surprise? i know this is also now coming as a surprise. so a lot of the excitement from the previous estimates were over the reopening of the chinese economy from the cuban 19 locked downs. um, so previous expectations may have been too high because the i am math as well as the markets here in the united states. we had expected consumption from the chinese people, chinese consumers to take off. um, even just a few months ago we were expecting them to make up for some of that growth and to drive that. but what we have found is that retail sales have been muted and even tourism in spending during a holiday week like the golden week was a huge disappointment. so it's a few things that re my to reminders, choose reminders. one consumption. it is not what drives the chinese economy. so

maybe we were too optimistic about that reopening and the other is the main driver of chinese gdc really has been real estate development and infrastructure development. and we know there are problems there, right? so there is that levels are very, very high, and because of the negative impact of those still developers, the property investment remains muted. and so just because you've reopened the economy, the issues that existed before have not disappeared. so in some ways, this is not a surprise at all. are rough on thank you so much for your insights. thank if a lie. so say it is one of the world's most widely used pesticides. and in recent years, one of the most contentious many lawsuits of alleged links to cancer. most scientists say that is improving, but what's not disputed is that the chemical can be poisonous if ingested. and in the country with the highest use of quite the states. it's now being banned in

parts, some farmers or either prohibition will threaten their livelihoods, others say, will protect their lives, so that when they put the it the so this is life of said herbicide, that's at the center of a controversy in argentina, walter congo uses it on his land and the north eastern province of miss own is but not for much longer because the soda is banning it. starting in 2025. congress employees spray the herbicide on the pastors where his cows feed and use it to fight against weeds on so a be and, and cornfields. and then look at them real quick. we add an apple. we know that we must be careful not to expose the neighboring population to unnecessary levels of chemicals. they don't come along with that one. but how are we going to maintain that production levels necessary to feed everyone can in this country and others? so what we'll do if we reduce the productivity of the land, see how much are you deliberately, i just wanted to conquer, argues that without glasses, that he would have to hire 6 times as many people to deal with weeds. and that

would dramatically increase his costs. miguel ruiz diaz harvest sweet potatoes and cassava in minnesota is. but these are produced without the use of chemicals as a cooperative of independent producers and particle ray. he worked for a forestry company for 17 years, during which time he sprayed glasses that he welcomes the band because he says, the chemical has harmed his health. and that of his former colleagues, the soon, the my a or i really noticed the most is merely having no vision anymore. see, all that toxic vapor would get into my eyes for me. and my lungs are quite damaged to read. i thought was another independent producer from puerto parade, remembers that before they got their land, they lived in the middle of toys and forests. the children would get respiratory diseases and the wild animals left. so now miriam,

some deo advocates for green agriculture and says it is not less productive though. and one of the so you know, like that effect them. you see everyone says they harvest 16 or 17000 kilograms per one, hector them. we always reach 20 or 22000 q us from 100 there. we try to use organic means and control, but we in ourselves that a lot. i mean, my lead talk is you'll see i ricardo, ranger and other farmers in miss owners are going to court against the guy to sit ban. lee, you'll see later on this low is a legal and stop and makes life a safe is allowed at the national level so that i'm paying the 5th heard it says a lot, because we don't know how to define the waiting time if we are no longer allowed to use it as a herbicide. what do you see and what do you have in press on this? so this would be the 2nd province to ban glasses said after chip it in the southern patagonia region. nationally,

argentina still allows more than 400 chemicals to be used in agriculture. another country that's no stranger to gloss the state of spain, which produces half of the world's olive oil for now. ongoing droughts of hampered harvests this year, driving prices for olive oil to a record high. and that's not only those buying all of oil that are complaining as an olive grove near the spanish capital month. read due to the poor harvest. oil prices have more than doubled this year, but producers happens benefited from rising prices, low cost. so we've had higher production costs, historical ones like never before, and just oil that is now being sold, who's prices rising every 2nd week was paid to us at a price. so we could barely cover production costs. 70 percent of spanish olive oil is exported either as cooking oil or in process food products in this factory to

note is preserved in oil, which is a typical export product. however, buyers are now backing out tuesday, but if, if this price continues, we estimate that sales will drop by 50 percent or producing an oil product for germany and from a contract of 800000 cans. it's been reduced 240000. so far, spain is by far the world's largest producer of olive oil with a market share of around 40 percent. however, climate change could harm this traditional cultivation. already the processing industry is looking for cheaper oil alternatives, such as those from algeria and egypt. and that's our show for me in the business team here in berlin. thank you so much for watching the

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code is spots affinities. check on some great cultural memorials to boot w travel regarding the the, the businesses across the world read a huge sigh of relief when china ended. it's covered 19 locked down just over a year ago. the world's 2nd largest economy was open for business both as the market and producer. today, the mood couldn't be more different. the chinese property sector is struggling. youth unemployment is.