and the outlook for german industry going into twenty eighteen is pretty rosy the german economic institute in cologne surveyed forty eight industry associations more than half of them expect the economic situation to improve dramatically only four percent of the groupings think demand in that sector will fall the survey also showed that many of the optimistic companies are already planning to hire new workers so it looks like germany's already low unemployment rate could sink even further in the new year we've already spoken about foreign direct investment in germany but that's not the only thing powering demand here retail also has a big part to play and it's been a bumper christmas for retailers here even if not everyone is happy with their presents. the christmas decorations may still be up but there is no more festive feeling here this is the time when people bring back items that weren't so well received once the wrapping paper came off. i'm just unhappy that i chose something for my sweetheart and he said it's too tight and it's not his collar. and. we didn't exchange it we just made

the issue on how to settle disputes between states and investors the evil institute for economic research estimates that german g.d.p. alone could see an extra twenty billion euros a year through the deal it still has to be signed and ratified. so let's talk about some of the remaining challenges of bragg's it with our financial correspondent comma booze news dummy by frank comrade that e.u. deal with japan is something the u.k. will not profit from do you think it's an accident that was announced today and what does it mean for the use economy. i don't think this was on purpose you know. i don't think that the e.u. would be so short sighted and small minded to do that to make to create the timing or make the timing of this deal with japan so that the u.k. can get to feel that it's missing out it's just that trade deals like the one with japan also the other important trade deal between the european union and medical sort of the latin american common market which is currently being struck take a lot of time and they're both deals are just about to be ready to be signed of course they are important deals you ju

the issue of how to settle disputes between states and investors the four institute for economic research estimates that german g.d.p. could see an extra twenty billion euros a year through the deal which still has to be signed and ratified. even in today's globally linked economies women often remain the single largest untapped economic driver a college in the indian state of rajastan has made its mission to change that barefoot college is training grewal women to take control of their lives and the well being of their communities to aid organizations are now even sending women from other continents to the institution to get empowered the sun is a virtually infinite source of energy. these women have come halfway around the world to register on to learn how best to harness that power classes at the so-called barefoot college of just beginning while those who study here can actually afford shoes they can't afford much else and definitely not a house with electricity supply that's why the courses here are about solar energy systems in this particular class most of the students come from africa during a six mont

and by the way as the economic research institutes tell us of the sanctions damage to gemini. was the former german chancellor gerhard schroeder there now it's interesting his remarks on russia it's important to note that he was recently elected chairman of the russian state controlled oil giant ross now he's also chairman of the nord stream to gas pipeline which is majority owned by russia's gas fraught you see the picture here is close ties to russia and president vladimir putin have drawn criticism from his own party the social democrats. still to come on the day the story behind the eyes of a syrian refugee we take a look back at the year in photo journalism and some of the prize winning images that's coming up later in the show. the u.n. war crimes court for the former yugoslavia has officially closed its doors after almost a quarter of a century and has justice been served. accords groundbreaking work was honored at a ceremony in the hague the tribunal was set up to prosecute the perpetrators of some of the worst atrocities seen in europe since world war two u.n. secretary general and tony a

the issue on how to settle disputes between states and investors the evil institute for economic research estimates that german g.d.p. alone could see an extra twenty billion euros a year through the deal it still has to be signed and ratified so let's talk about some of the remaining challenges of bread said with our financial correspondent conrad boos no standing by in frankfurt comrade that e.u. deal with japan is something the u.k. will not profit from do you think it's an accident that was announced today and what does it mean for the use economy. i don't think this was on purpose you know. i don't think that the e.u. would be so short sided and small minded to do that to make to create the timing or make the timing of this deal with japan so that the u.k. can get to feel that it's missing out it's just that trade deals like the one with japan also the other important trade deal between the you part european union and medical sort of the latin american common market which is currently being struck take a lot of time and they're both deals are just about to be ready to be signed of course they are importan

and by the way as the economic research institute tell us of the sanctions most damage to germany. that was the former german chancellor gerhard schroeder well if you've ever been to germany's tallest peak the so. you may have had a long way to get to the top but that's a thing of the past now because the melton now boasts a brand new cable car capable of transporting over five hundred people an hour to the summit and it's record breaking in other ways as well. the weather in the kitchen wasn't playing ball but just as the gauntlet was being christened the sun decided to show itself the opening meant the end for this gigantic construction project one of the world's biggest the cables to the top are roughly four and a half kilometers long there is only one support pillow or along the way it's been described as an engineering marvel. and it's a very unique project and many were gods but particularly the final stages if you'd been here two or three weeks ago you probably wouldn't have believed that we would finish it in time we're really happy we made it. to fit the crews worked in all weather conditions at the

and by the way as the economic research institutes tell us, the sanctions do the most damage to germany. brent: that was the former germanhancellor gerhard schroeder. if you have ever been to this peak, you may have had a long wait to get to the top. that is a thing of the past because the mountain now has a brand-new cable car, capable of transporting 500 people an hour to the summit. it is record-breaking in other ways as well. let's take a ride. reporter: the weather here was not playing bald, but as the gondola was christened, the sun decided to shine. that was the end of this giant construction projects, one of the world's biggest. the cables to the top or 4.5 kilometers long. there is only one support pillar along the way. it is described as an engineering marvel. >> is a very unique project in many regards, but particularly the final stages. if you had been here two or three weeks ago you would not have believed we would finish it in time. we are happy we made it. >> crews worked in all weather conditions at the top of the highest peak to get the job done . despite the tough conditions, the 50 million euro cable c

institute of monetary stability. a member of the german council of economic experts, as well. this is bloomberg. ♪ matt: welcome back to bloomberg. we have less than one minute to go into the start of equity trading across the continent here in the u.k.. we have a brexit deal or at least a deal that allows brexit negotiations to move to the next step. here you can see the reaction in the pound. it had risen into the headline news.en dropped into the we see the pound starting to rally back up again. oil also a strong gainer today. let's take a look at futures right now and see where equity indexes are poised to open. gains across the board. here you can see the weei screen. it's a percent miss price. it indicates that the dax is going to open up .9% and the ftse will open up relatively flat. the european market is open right now. let's take a look at the monitor. the ftse opening very quickly. 0.04%. very little change. keep an eye on the ftse. the ibex open in spain up over one half of 1%. we are looking for a game this morning on the european deal with the brexit. a lot of gr

and by the way he has the economic research institute to tell us of the sanctions most damage to germany. the former german chancellor that are talking to two dollars christian f. triple lots to talk about as far as what he was saying that are going to pull in one of our political correspondents on this. good morning hunt a former chancellor a former social democrat leader telling his party to get on with it let's let's move on with it he was saying how likely are rank and file social democrats. listen to that advice. well obviously get house where there is still a respect the representative of a social democratic party and when he speaks that party congress is a party meetings he is a rousing public speaker speaker and he knows how to move a crowd as it were but if you look at it a little more dispassionately in the end at the. rank and file of the social democratic party there is a lot of reticence a lot of dollars about whether another grand coalition is in fact going to be good for the party so these words from. we'll you know will be taken seriously but i don't think that they're likely to sway a lot

in higher than forecast the ifo institute increased its growth outlook for 2018 exceeding forecasts from other global agencies like the world bank it expects german economic growth to strengthen to the highest rate since 2011. joining us no is klemmens s fs. nice to have you back on the program. we're looking forward to the release of your information at 9:30 give us a sense of how strong the german economy is growing in your view. >> it's growing very strongly. especially in the last two quarters it's been strong what's going on here is that growth in the last year was mostly driven by domestic demand domestic demand continues to be strong there is strong employment growth, still moderate wage growth, it's increasing as well. now exports are joining the show exports are strong, reflecting recovery throughout the eurozone and in the rest of the world, and this explains the jump in the numbers and our revision of the forecast >> we've seen a terrific set of numbers across the yureurozone, which leads to the narrative that you have now a growth story in lock step across many of the nations, from strong countries like germany to the weaker peripheral nations