this militants freeing 10 hostages a day and this real frame surfaces palestinian prison stuff. next business there's with chris cobar. he'll be looking at how the wars in the middle eastern europe park using economic growth world war on terry mark, thanks for the . the taste of we have a problem, it was in the us middle class income has fairly risen in the last 20 to 30 years

at the same time that keeps rising done. no, but disparity leads to higher unemployment and slows down. the economy was a card, you were to look at the cost of the 300 trillion that the truck stops. december 9, 0 dw, the a soft landing is possible, but far from guaranteed. the organization for economic cooperation and development says the world economy is likely to fall for next year under the strain of wars. still elevated and inflation and high interest rates. also coming up with the restaurant officials insisting that the sanctions against the kremlin are biding, will take you to a hotspot of the increased trade between russia and china. that will show you why

the president of panama is ordering. the closure of a copper mines is operation. the country's government just recently extended for a minimum of 20 year. i am chris kolber, 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, o u. 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 the wars and ukraine at the middle east as well as protectionism remain. another issue troubling the city is persisting inflation.

here's the group's chief economist, claire 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 she'll got milk and eggs. this is part of the reason we remain worried about inflation. if inflation was approvable for assistance, so the timing would be necessary pushing growth down further for more or less spring. and yeah, came a 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 real 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 as debbie lies 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, at a positive phase over the past 12 months has come down significantly in germany and 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 can not continue to rise as fast as immediately after the russian at tech $1.00 you created. therefore, this is only a base effect at the end. the last mine of the fight is out of the fight against

inflation. of the last my is more important and they have the issues, primarily because of high wage settlements. now i court ruling a 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, i don't have to do with a very expansionary fiscal policy in the united states where we had strong growth in the queue with the 3rd quarter rest of the us on we had a stick nation by going forward. they also structural issues which such as the gross movie weekend, the use on and this is about the long term out for, for energy energy. the next couple of years, very meant to do nighted safe and much cheaper than here. and this, you can see this already in germany, this, that 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 out to some of the other global business stories making news, half term 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 year zones, largest economy. germany, much like other industrialized countries faces labor shortages, especially in high skilled sectors. now has approved a global minimum tax on multi nationals the south eastern 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 elyse like china, a reporter visited

a hotspot of sign, a russian business cards 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 has ordered 50, do know that 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, takes us there to a place that hasn't changed dramatically since russia invaded ukraine last year. this used to be empty, but today goods are lined up for export on the so me and see 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 of 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 cold. 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 and tourism business. hi, business is not good. 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 just checking whether he can export rifles. scopes parties by one joys name flush up the mountain of who, who is this is how it works. is 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 best or band. no chances of opinion without changing businesses booming as russia and china and strengthened their bond. our trip to the

board 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 covenant on a month would be shut down on the hours after the country supreme court declared its contract on constitutional. the moves follow, growling public protest over the governments. 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 and the official gives that to the customer and we will start the transition period to shut down the mine in an orderly and safe fashion. i don't see it on the order then. oh, you said, what do i mean? the open pick mine owned by canada's 1st. quantum minerals is located in a bio diverse jungle and 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 copeland kind 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, no more than 30 days in the streets, struggling, protesting, and marching against the abusive mining contract. we are really happy of 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

europe largest house made by a 3 d printer is being assembled in the southern german city of heidelberg approach to building that promises to be economical. climate friendly and quick. leading only 3 workers on site or 3 d printers, the builders of the future made intel on d w. the town is the employees and the government is doing nothing to submit it a but i still was once the pride of silvia. but now in chinese ownership, it's become a dreadful pollution. kanza is on the right. environmental activism itself by to back and demanding action. focus on 0. in

16 minutes, d w. those to now understand can have a think like the vine to present dw used on instagram and follow up the picture building your dream home. now picture that home coming out of a giant printer. sounds odd, but it makes sense. 3 d printed houses are faster, cheaper, and more climate friendly to build. what that looks like exactly as one of the stories we will be exploring. and here is what else will be asking on this week

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