the closer of the copper mines is operation because this government just recently extended for a minimum of 20 years. i'm 1st cobra. welcome to the program. while inflation is easing around, the world growth is slowing alongside it. according to the latest outlook of the organization for economic cooperation and development of the c, d and europe, lags behind all the major markets in 2024. the your area economy is expected to go 0.9 percent compared to one and a half percent for the us. and 2.5 percent for mexico. the always of uses, the pace of growth is uneven, and emerging markets are generally faring better. then advanced economies overall, though the always it is predicting what the organization calls a soft landing. although risks like was in ukraine at the middle east as well as protectionism remain. another issue troubling the city is persisting inflation. here's the groups chief economist clare, lombard valley. we're seeing

a welcome phone inflation, but the fight is not over yet. we have seen more goods where inflation has been high for at least the many countries we see this persistence across the last basic foods like sure, got milk and eggs. this is part of the reason we're main, worried about inflation if inflation was to prove assistance. so the timing would be necessary pushing growth down further for more or less spring. and you all came i chief economist at commerce bank. you are welcome back to the program. do you agree with the always the experts that inflationary pressure will continue to be weighing on 12 o'clock? i think so, i guess. uh, because uh we have seen in the past to very high inflation rates. and the re disposable income offer employees has come down and therefore trade stevens around the world tried to make up for the previous loss in the purchase impala. and this

means high wage settlements. and this of course means that the inflation is likely not to stay life at around 2 percent. what the central banks one but significantly higher. but we see for example, or in germany that inflation for november has come down again to now 3.2 percent. does that mean that germany has turned a corner? when i put it this way of positive facing over the past 12 months has come down significantly in germany, in most other countries. but this is a kind of even because this is only cost or mainly cost by, by base effects because especially energy prices, they cannot continue to rise as fast as immediately after the russian at tech, when you create and therefore this is only a basic effect at the end, the last mine of the fight is out of the fight against inflation or the last my is more important and they have the issues,

primarily because of high wage settlements. now in court ruling, jeremy has essentially blown a 60000000000 euro hole in the countries budget. yet the country is expected to return to growth next year. do you think that's likely? or no, no, i don't think this is likely even before the bunch of cries in germany, i was one of the few economists before cost the decline by all points the percent in next year. so i'm going to the p and currently under the impact of high interest rates and under the impact off the drum and budget crisis. private sector you called them is the stop to, to reduce that growth for cost, and they move in or direction against this backdrop of forecasters expect rows in europe and the euro zone for that matter to remain relatively subdued compared to the united states or north america. as a whole, for example, why are the economies going into different directions here?

well, as it has, this has a lot of to do with a very expansionary fiscal policy in the united states. we ever had strong growth in the q with the 3rd quarter, whereas in the us on we had a stick nation by going forward. they also structural issues which such as the grocery weekend, the usa, and this is about the long term outlook for energy. energy in the next couple of years, very meant to do nighted safe and much cheaper than here. and this you can see is already in germany. this is net to an exit us off energy intensive manufacturing firms, such as the chemical industry. yeah, came up to commerce, bank chief economist york as always, thank you for your thoughts. thank you. and now to some of the other global business stories making news, half german companies are struggling to fill vacancies, student labor shortages, according to germany's chamber of commerce and industry. that is, despite the stagnation of the years, owns largest economy. germany,

much like other industrialized countries faces labor shortages, especially in height skilled sectors now has improved a global minimum tax on multi nationals, the southeastern asian economy, currently offers preferential rates to large from investors. the move will now force more than a 100 phone companies, including electronics, trying samsung to pay a higher rate of at least 50 percent. the european union and united states and its allies have initiated a raft of sanctions against russia in response to the cremeans full invasion of ukraine. now, although western officials insist that the measures are biding, russia has been able to keep its economy running thanks to sales of oil and gas and because it increased trade with his allies like china, a reporter visited a hotspot, assign a russian business. pre own car specializes in trade between russia

and china and his business is booming. auto parts in particular, are in high demand. at his warehouse, he counts the tires, a russian customer as ordered. by soon as the demand is up, if there's recent trend continues to my company's revenue could actually double, you know, fold out queen lives and works in china's most northern region near the border with russia. it takes us there to a place that has changed dramatically since russia invaded ukraine last year. this used to be empty, but today goods are lined up for export on the article on money order is the most important chinese russian border crossing voltage on it. so just now they're bringing over these construction machines to the western democracies, have long banned the export of such goods to russia,

all the fears they could be used in the kremlin war efforts. a china doesn't support the sanctions force or the last of the nonsense china is rushed us, big brother, we will export anything. this is what we do here in this region quite or whatever. other countries band was sanctions. we are exporting it sometimes with our for our film crew is unwelcome, so we move on right next to the border crossing. we see giant warehouses built by wholesalers. this kind of construction is assigned people here. are expecting a long war with long term benefits. chinese police follow us as we drive to the border towns train station on the other side, imports from russia, mostly called while trade is up here. fewer and fewer people are actually crossing the border in town, however,

serial explains point to what was once that's 5 in tourism business. hi, business is not good. they are hardly any russian customers anymore. maybe it will get better, but currently it's not good luck at the warehouse. we own chi speaks with his customers influence russian because checking whether he can export rifles. scopes parties by one, joining his name blush after the manner. who, who is this is how it works. with the customer requests something and we checked with customs if they say yes, we can export it difficult if they say no, we can't drones and protective vests or bands, no chance of without changing businesses booming as russia and china and strengthened their bond. our trip to the border, it shows that rather on

a line that survey a proxy go purpose, i do find you might, to panama. and the president of the central american country has declared that the canadian minor 1st quantum lucrative compromised, coveted on a month, would be shut down all the hours after the country. supreme court declared its contract on constitutional. the moves follow growling public protest over the government's long term extension of operations at the mine and their environmental impact. they are singing and dancing in the streets. thousands of them. panamanians on tuesday, gathered into countries capital to celebrate the legal victory. many c as crucial to the very survival that after panama supreme court declared a 20 year plus contract for the copeland, putnam, a compromise unconstitutional. and president that went to newport, the so called for an immediate closing of the site. the black ink and staples united as soon as we receive the former communication of the ruling from the

supreme court of justice. it will be immediately published in the official gazette . and we will start the transition period to shut down the mine in an orderly and safe fashion. i don't see any over there now. you said, what do i mean? the open pick mine owned by canada's 1st quantum minerals is located in a bio diverse jungle near the atlantic coast. it has employed thousands and accounts for 3 per cent of panama as gross domestic product. just recently, the canadian owner had agreed to pay the state at least $375000000.00 annually. not enough for environmental is to look past the damage. the appropriate pun of my mind would have done to the forest at coastal area and to local water supplies. for the today, we know that we continue to maintain and protect our natural resources. it

is very important for us indigenous peoples in nor resources. we're nobody because we know that we depend on it. mother nature, right on the things i'll be more than 30 days in the streets, struggling, protesting, and marching against the abusive mining contract. we are really happy citizens that the supreme court of justice found the contract unconstitutional. the cannabis 1st quantum mineral says it accepts the ruling. meanwhile, and panama just celebrating a story gwen and that is our show. thanks for watching. have a successful like the

to the

end of the listening place of the mediterranean sea, its waters connects people of many cultures. jeff or abdul karim explores the land of the pharaohs in egypt contrast to sign the in 30 minutes. d. w. might robots become our friends? might we fall in love with the machine? for scientists around the world, it's just a matter of time. they are developing part official intelligence with human sensibilities. my avatar and me out a i pertains consciousness. in 75 minutes on d, w our interest, the global economy,

our portfolio, g w, business b on. here's a closer look out the project. our mission. to analyze the flight for market dominance. this is where the heck with dw business be on the dw, still on take stock. we in fact, every day, the world cash is really world wide web. feel free to leave the, the timeline because we can take the different w to call the world, unpack pulse of your info. this is an all the input u, v. w story. now, on to the,

this is the, the news live from bell in guitar. immediate as push for an extension of the seats, 5 between israel and tom moss and the latest exchange from us released 12 hostages on tuesday. the 5th day of the true steel and israel fried 13 palestinian prisons also on the program. nato. as foreign ministers meet with the ukrainian council pods, the west and the lions reiterates its vaccine for the government and keeps despite the.