we expect to big items today from the imf and the world bank meetings in bali. he meetings and they will see a list the world bank's human capital index and fresh comments as well from the imf managing director. let's go now to our correspondence too has been covering these meetings this week. the human capital index will be published in the next half—hour or so. published in the next half—hour or so. what is that about with and mark the human capital index is basically the human capital index is basically the call to action from the world bank telling countries around the world that if you invest in your people, in healthcare and education, there is a direct link to economic growth and productivity. the bank will rank countries to show who has made it to the top of this index. that will be released in half an hour. more importantly, the reason for why it is doing this now is against the backdrop of the global trading environment, and the downgrading of global economic forecasts because of the trade war, it is now import more important than ever to put these inve

the world today. what the world bank president said to me was 110w world bank president said to me was now is the timein healthcare and education, the two parameters where it you do put that money in, atkins —— that initial investment in from early stages of a child's life, that tra nslates early stages of a child's life, that translates into economic results. there is real physical evidence for this. in this index, we have seen east asian countries come to the top, the number one being singapore followed by korea. african nations are at the bottom, the us is at number 24 are at the bottom, the us is at number24 and are at the bottom, the us is at number 24 and the uk at number 22. in an exclusive interview with me, the world bank resident said he is really hoping this index will help to change the priorities of governments around the world. we tookjust four message, learning adjusted measures of schooling, not the numberof years, adjusted measures of schooling, not the number of years, but the —— what you learn to. education stunting. under five survival, just a simple fa ct, under five survival, jus

the world bank says governments around the world are not.ost two thirds of children fail to get a basic primary education. the european markets have opened. they've been open 30 minutes. you can see the ftse 100 down about 84 can see the ftse100 down about 84 points in the first half an hour of trade. a slight recovery but as you can see, right across europe, we are seeing red. and from humble beginings in a gypsy caravan to becoming the multi—millionaire owner of wyldecrest parks, we meet romany businessman, alfie best. plus, a new study says if we want to save the planet, we should become "flexitarians", eating mainly plant—based foods, and eating very little meat! this could cut global greenhouse gas emissions. but would you change your diet? let us know — just use the hashtag bbcbizlive. hello and welcome to business live. there's only one place to start and that's financial markets. all bets are off. we've seen massive losses in asia, following a terrible session on wall street. what is going on and how will this affect us in europe? we

what happens next for cell in the discussions here particular with the world bank as the world bank works with indonesia when it comes to disaster relief and they're saying that they are working very closely with them in this recent disaster just two weeks ago and particularly today they're looking at it because you know we have the rescue operations the search operations i say on the island of the ways that are winding down today and then obviously now the next step what everyone the president of indonesia and the world bank officials here say needs to come next and that is the rebuilding yes obviously to rebuild that infrastructure get the economies the local economies back pumping people back to work but also emotionally to get things moving forward so that is very important everyone is really kind of pointing to but also on the discussions here and it's even part of the program here these several days of meetings the international monetary fund and the world bank group annual meetings here and that is how to prevent disasters how to cope with disasters and how to rebuild after disaste

the world bank had a sober message about it had to take for ta ta response between the world's top two economies could top the contagion effect. protections trade policies can cause a chain reaction as more countries adopt similar measures. the global recovery is built on investment and there's a real danger that businesses will decide to wait for more policy clarity before engaging in new projects ten years after the last global financial crisis there's a whole new set of risks to the world economy. whether it's trade war is the question of upholding international banking regulations or britain leaving the e.u. to vote for it suggests that without political cooperation the cracks in the financial system will only widen. so i was serious is this. who is in our financial correspondent standing by in frankfurt how did markets react to this for the polls. well this has been the second warning by the i.m.f. in only twenty four hours so it added of course to the has a very bad mood on the financial markets right now because well all the optimistic points that the i.m.f. chief legard had to

the world bank had a sober message about how the tit for tat tat response between the world's top two economies could top the contagion effect. protectionist trade policies can cause a chain reaction as more countries adopt similar measures. the global recovery is built on investment and there's a real danger that businesses will decide to wait for more clarity before engaging in new projects ten years after the last global financial crisis there's a whole new set of risks to the world economy. whether it's trade war is the question of upholding international banking regulations or britney leaving the e.u. to court suggests that without political cooperation the cracks in the financial system will only widen. now for more let's cross over to our financial correspondent conrad goes and frankfurt this is the second warning by the i.m.f. within twenty four hours are people in germany's financial capital confident that world leaders will listen. no they're not i'm afraid christophe in particular when it comes to one of the word leaders you know the american president america first this po

by the way, they got it from the world bank. the world bank opened its largest office in the world in beijing, 3,000 employees at one point. and much of the ideas of what to do came from world bank experts. >> joyce is next. >> supported by us. >> joyce in woodbridge, independent line. hi. >> caller: hi. i have three little points to make so i hope you'd allow me to make them. first i'd like to say that the chinese are really brilliant people. >> i certainly agree. >> caller: yes. what they've done as far as i'm concerned is they have -- they have gotten so much u.s. technology they are at the point of being number one right now, and they didn't have to fight a war to get all of this. they got it just by allowing so many of the u.s. companies to go over there -- >> so you have read my book 100 year marathon, it sounds like. >> caller: i think the u.s. should have at some point put some breaks on and said, you know, let's make sure that we don't do this. and then the thing is that the worst part about it is that so many of the pro

during those meetings the world bank with germany and the u.k. set up a one hundred forty five million dollar fund for vulnerable countries managing the financial fallout from natural disasters and climate change the world bank's chief executive also visited the city apollo on sort of way sea island we came up today with our rapid that make sure assessment he says that the physical damage to your the road five hundred thirty million dollars this is self ouzinkie the structure of the residential buildings it does not mean loss of life because as the communities move from a rescue operation to rebuilding the key many feel is to restart the local economies so people can get back to work putting their villages and their lives back together scott how to al-jazeera bali. south africa's foreign minister during the era of apartheid pick bertha has died at the age of eighty six he was a staunch defender of racial segregation but later conceded the change was inevitable in the year two thousand and that he would join the a.n.c. the policy of his former enem

the turmoil in global markets occurred as the imf and world bank board meetings get under way in balihrough the week we have seen reports from the imf and the world bank about their assessment of of the health of the economy, as well as the stability of the financial system. central bankers and finance ministers will meet to discuss the state of the global economy. karishma vaswani has been talking to a lot of them ahead of their meetings, as well as other people attending the imf and world bank meetings in bali. i'm assuming the global turmoil on the markets has been one of the major talking points, what else are they talking about? yeah, you know, the turmoil in the markets have been a real backdrop against the conversation taking place at the annual summit of the imf and world bank. remember, earlier in the week we saw those two major reports from the fund, the world economic outlook, which saw global growth downgraded to 3.7% next year from the initial predictions from the imf of 3.9%. then we saw the next day the global financial stability report, also raising those same concerns

feel the inertia spoke with the head of germany central bank at the international monetary fund and the world bank meeting in bali yen five minutes says the resulting trade disputes would be easier if the wall trade organization were a forward. it's key to strengthen the multilateral trade mechanism and that's the w t o but we all agree. that there are issues that have to be addressed one would be for instance the protection of intellectual property rights but also addressing overcapacity is in some sectors especially the steel sectors have to be discussed but again it's key to rely on this much a literal move based mechanisms and not to resort to bilateralism and on trump's eyes the major bone of contention remains germany's large trade surplus would you still uphold that this surplus is made to energy prices foreign exchange rates and the quality of german products as you have argued before so is there no need for germany to move at all this is a bit of a simplification of my position of course i mean the point i've made before was that it's key to look whether the trade balances are a resu

the world bank had a sober message about it had a tit for tat tat response between the world's top two economies could tap a contagion effect. protections trade policies can cause a chain reaction has more countries adopt similar measures. the global recovery is built on investment and there's a real danger that businesses will decide to wait for more clarity before engaging in new projects ten years after the last global financial crisis there's a whole new set of risks to the world economy. whether it's trade war is the question of upholding international banking regulations or breaking leaving the e.u. there before it suggests that without political cooperation the cracks in the financial system will only widen. serious. financial correspondent standing by in frankfurt carl how did markets react to this . well this has been the second warning by the i.m.f. in only twenty four hours so it added of course to the has a very bad mood on the financial markets right now because well all the optimistic points that the i.m.f. chief legard had to mention there in bali did not sound very conv

that's the conclusion of a report presented at a meeting of the international monetary fund and the world bank taking place in indonesia trade tensions especially between the united states and china one of the greatest threats to stability bathrooms also warns of the risks of rising debt in many of the world's emerging economies the prospect of britain leaving the european union without an exit deal is also considered a threat to financial stability. that's it for me and the business team here and berlin today will have an update for you in the next hour and of course there's also news at the top of they are in the meantime. twitter and facebook feed or a website which is of course the w dot com slash business for many more stories on the business on the news before we go is a real time check on global markets apis out thank you very much for watching developing a business. entering the conflict zone confronting the powerful really one of the expected a breakthrough for the moderates in both his latest elections pretty good to me disappointed my guest this week hearing by your looks is not goi

twenty sixteen failed coup and designs to relief and development of the spotlight and denise the world bank and i.m.f. weeks after a devastating earthquake and tsunami. saudi arabia says it has complete confidence in a joint team formed with turkey to investigate the disappearance of journalist jamal khashoggi but those upbeat comments are at odds with the kingdom's growing international isolation the head of the world bank is the latest prominent figure to pull out of a major investment conference to take place and later this month we begin our coverage with stephanie deca and istanbul. they are explosive allegations the washington post quotes turkish and u.s. officials confirming that turkey has or g.-o. and video recordings that prove he was killed inside the saudi consulate you can hear his voice and the voices of men speaking arabic an anonymous source tells the paper you can hear how he was interrogated tortured and then murdered another source says men could be heard beating. this is a crime the reason is that crimes that it is during one of his appearance is not going to happen and

of the world bank christine ago gave up the secretary general of the organization for security and cooperation in europe thomas cramming. the president of the enter american development bank luis are there tomorrow. and the african union special envoy on women peace and security in teddie up thank you so much to all of you for joining us here today ladies and gentlemen please let's give our panel is very warm welcome thank you now before we can talk about possible solutions i just like to get all of your assessments of the current situation because the united nations says the following about violent conflict it says that the number of global conflicts that reach the threshold of war that's more than one thousand people per year dying because of battle battle deaths has more than tripled in the past decade and christina i'd like to turn to you now because we know that the world bank that your mission is really to to lift people out of extreme poverty those people are increasingly living in conflict prone areas. what worries you the most about the state of security in development right now i wou

and the world bank expressing concern about the global economy over the next two years world bank is concerned because the trade friction between the united states and china will have knock on effect on poor nations and they are going to be stunned because of supply chains they're impacted by those two largest economies and their trade friction the i.m.f. also citing that friction saying that they have downgraded their outlook for the global economy over the next couple of years downgrading it point two percent. welcome steiner is the head of the un's development program and he says there needs to be a better system of preparedness for these natural disasters in the ash pacific. but usually the first step is indeed search and rescue but alongside already begins a recovery phase and then the reconstruction phase and at the request of the indonesian authorities. a number of our organizations are already engaged for instance to n.d.p. right now and preparing to assist with removing rubble and debris so we can actually create access nexus to some of the areas remains a challenge and then

news, coming live from the imf and the world bankl summit in bali. thank you for that. in other news there is increasing expectation that china might have to devalue its currency as its trade war with the us which you heard them talking about drags on. there is a tricky parfor about drags on. there is a tricky par for the central bank officials who have to find a balance between supporting economic growth and not triggering a massive outflow of money if the un depreciates too quickly. china is facing pressure after the central bank reduced the requirement rate, or rrr, for the fourth time this year, which was meant to lower financing costs and spur on growth but the move is expected to inject over $100 billion into the chinese economy, and at a time that there are worries that trade war would cause a slowdown. earlier i spoke with an economist and asked if china would devalue the currency and run the risk of being labelled a currency manipulator by the us. china is having a trade war with the us anyway so as a currency manipulator it

the world bank and the international monetary fund are in the resort of bali, indonesia, to present their global economic outlook. the mood is one of trepidation, as threats to the global economy that once felt remote are now becoming more real. the imf‘s world economic outlook report predicts global growth will be less bright for this year and for next, falling to 3.7%, down 0.2% on earlier predictions.

the world bank calls on governments to invest more in their people. ar behind as asia ta kes hong kong not far behind as asia takes in that drop of more than 800 points.

china has been a reoccurring theme both from leadership in the international monetary fund and the world bank the focus has been because of this trade friction the economic outlook for the world's economies has been downgraded a bit point two percent over the next two years.

emergency response is being discussed at the annual gathering of the international monetary fund and the world bank in bali well the response to the disaster in sort of we see is on the agenda at that annual meeting of the i.m.f. and the world bank the global economic outlook poverty eradication and economic development are also up for discussion al-jazeera scott hyla joins us live now from bali with more scott hi there over to you. peter well yes exactly this is you know the discussion with these two bodies about the global economy but as you mentioned you know there is discussion about preparedness for disasters preparations for disasters and that's something that's been on the agenda at these meetings these annual meetings for several years coming that obviously special focus here because of what's happened over the last two weeks but also the region where we are to is known as the ring of fire there are a lot of natural disasters that happen here now to discuss this further and what the next steps are let's bring in a car i'm standing now here is the head of the u.n. development program no i ca

it is my observation it has been an american at the world bank. that is how they did it in the early days at the time when the world looked a lot different. david: asia is much more significant, so they say, what about us? christine: they are very interested, and china is interested as well. china has a representative on my management team. there is the first deputy managing director who is an american and i have three deputy managing directors, one is chinese, one is brazilian and one is japanese. there is a lot of diversity on the management team. david: let's go back to how you came up in this edition. you grew up in france, i assume. what did your parents do? were the educators? christine: they were both professors. my father was professor of english at a richer at university. my mother was teaching french grammar, latin and ancient greek. that is the universe that populated my childhood. a lot of literature. david: growing up with parents like that, you are good at languages? christine: i was really bad, actually. david: you were also interest

the top of extremely low it's inevitable that. central banks make the decisions that they make. their mess christine legarde speaking there now for more let's cross over to our correspondents at the i.m.f. world bank meeting in bali florian how are people reacting to the head of the i.m.f. essentially telling the u.s. president you don't know what you're talking about. well i would say that christine legarde is in very good company here at the i.m.f. annual meeting she has basically just voice what everyone here has been saying yesterday who was the french the e.u. commissioner who we see used to be for prime says finance minister show he did so he also knows what he's talking about and he basically said that the trade war bad donald trump has started is stupid so even though donald trump is not here he's basically taking center stage at these meetings here and there's a lot of consternation about what he might do next for a mere mention of one of the big topics of this meeting is the trade dispute between the united states and china what ways of solving the problem are being discussed. well as head of the dow but you see all. it was also here yesterday he said he said i don't see any light a

it is my observation it has been an american at the world bank. i think that is how they cut those arrangements in the early days at the time when the world looked a lot different. david: well, the world looks different today. for example, asia is much more significant, so do the people from china and japan say, what about us? christine: the emerging market economies are very interested in the institution, and china is interested as well. china has a representative on my management team. there is a managing director, as i am called, there is the first deputy managing director who is an american, and i have three deputy managing directors. one is chinese, one is brazilian and one is japanese. so there is a lot of diversity on the management team. david: let's go back to how you actually came to this position. you grew up in france, i assume. christine: yes. david: and what did you -- what did your parents do? were they educators? were they in government? christine: they were both professors. my father was professor of english at a university. my mot

the message from the imf and the world bank is overcast something else to add into the mix which relates trump. he may not be here, i'm not sure how big the u.s. delegation will be here, largely what's going on is a rearguard action against this trade dispute we have the director general of the ocb, the imf and they all met today and said we need to deescalate this trade story and we need to get back to a multilateral trading system approach that's the message from the imf world bank in bali back to you. >> you are right they send us to these cool locations and we spend the entire time inside is the transpacific partnership, the tpp, something that is going to be discussed? the u.s. is out. i understand they are now courting the uk to come in the tpp is not dead. >> yeah. i think they're desperate to try to keep tpp running. there's a lot of big economies interested in this story japan, of course, australia. countries are vested and believe it can still work even if the united states is not a participant. so it will get some attention here on the fringes of this meeting. but as i said, b

the world bank had a sober message about it had a tit for tat terrorist spot between the world's top two economies could tap the contagion effect. protectionist trade policies can cause a chain reaction as more countries adopt similar measures. the global recovery is built on investment and there's a real danger that businesses will decide to wait for more clarity before engaging in new projects ten years after the last global financial crisis there's a whole new set of risks to the world economy. whether it's trade war is the question of up holding international banking regulations or britney leaving the e.u. to the court suggests that without political cooperation the cracks in the financial system will only widen. let's get more from our financial correspondent conrad boards on friday for a comrade first the growth rate gets slashed now the i.m.f. warns that the global financial system is at risk are people on germany's financial capital confident that the world leaders will listen to the second stark warning within twenty four hours. i can tell you many people here are hoping so

interfere with central bank policymaking and intense apparently it's okay for a former casino operator to weigh in on the operations of the central bank now >> all over the world it's good principle to have independence of the central banks and of the central bank governor. certainly we have advocated that in countries the fed is no exception. >> christine lagarde speaking there. it's not the only topic that has been focused on here earlier in the week the imf talked about lower growth path for the global economy they downgraded their expectations, and they also talked about some of the rising risks around financial stability. i think one key point they're discussing here is what happens with the trade, will higher oil prices cause inflation and what is the expectation in terms of emerging market growth rate since we're seeing dollar funding costs go up. i spoke with the head of the world bank, jim yong kim about monetary policy and about how concerned he is about how that may impact growth rates and poverty reduction programs that the bank itself runs let's hear what he said. >> we're watching carefully what's happening with the u.s. dollar there are many dev

the. world bank meetings. trump is really clear is against globalism and global what do you think he's going to say is christine the good cause for protectionism i think you'll completely disregard her he has in the past there is no indication that he has to do anything else and you know what his supporters that thirty two percent of america that's pretty crucial to his base they love it when he picks fights with with global leaders they love it when he is the protectionist of america and they don't feel like he's got to go outside the box too early even to talk about trade deals with china with respect to twenty five percent two hundred billion dollars in chinese goods pretty different to bill clinton they're usually you talk beforehand hammer something out and then it doesn't come to the trade war you know there is it is interesting there's a quote from alibaba from the company in china they said you know trade prevents war so if we can get something agreed on trade we don't have to go to this war but it look

the world bank had a sober message about it had a tit for tat tat response between the world's top two economies could top the contagion effect. protectionist trade policies can cause a chain reaction as more countries adopt similar measures. the global recovery is built on investment and there's a real danger that businesses will decide to wait for more clarity before engaging in new projects ten years after the last global financial crisis there's a whole new set of risks to the world economy. whether it's trade war is the question of upholding international banking regulations or britain leaving the e.u. to court suggests that without political cooperation the cracks in the financial system will only widen. national correspondent frank from conrad this is the second warning by the i.m.f. within twenty four hours are people why you are confident that world leaders will listen. they're skeptical kristoff especially with regard to one particular world leader the us president you know america first means that seeking common ground with other nations is not really on top of the agenda of

that's the conclusion of a report presented at the meeting of the international monetary fund and the world bank taking place in bali indonesia currently trade tensions between the united states and china are one of the greatest threats to stability but the report also warns of the risks of rising debt and many of the world's emerging economies the prospect of britain leaving the european union without an exit deal is also considered a threat to financial stability. but the most notable risk to the global economy is undoubtedly an escalating trade war let's take a listen on how world bank president jim yong kim described the possible contagion effect of protectionist policies. protectionist trade policies can cause a chain reaction as more countries adopt similar measures. the global recovery is built on investment and there's a real danger that businesses will decide to wait for more clarity before engaging in new projects recent world bank shows that in a scenario where investor confidence is shaken and investments drop every country will feel the negative effects we need to continue to suppor

during those meetings the world bank with germany and the u.k. set up a one hundred forty five million dollar fund for vulnerable countries managing the financial fallout from natural disasters and climate change the world bank's chief executive also visited the city apollo and soon away sea island we came up today with our rapid that make sure that assessment he says that the physical damage you see your father of five hundred thirty million dollars this is self housing keep the structure of the residential buildings it does not include loss of life because as the community has moved from a rescue operation to rebuilding the key many feel is to restart the local economies so people can get back to work putting their villages and their lives back together it's got how to al-jazeera bali. i mean isn't the headlines on al-jazeera saudi arabia is facing growing isolation and pressure over the disappearance of sal the journalist jamal khashoggi saw the delegation has arrived and ancora as part of a joint investigation was last seen entering the cell t

and the world bank coming up on the show a clinton administration official lays out the threats to the trump presidency and the man one step to be drums ambassador to the e.u. it's back plus spoken word and the civil rights struggle we speak to award winning poet sophie i think or the first while the media of nato nations continue to allege russia of unproven crimes its biggest economic bloc the e.u. continues do negotiate with defacto bricks at rogue state britain so how will the u.k. deal with the usa as it threatens china with tariffs and iran with war all this limits the us media that appears to be at war with trump over everything from russia to alleged sex crimes and all this when you liberal i.m.f. was christine legarde today makes veiled threats against trump trade policy joining me now to discuss it is a former clinton administration official laura schwartz in person in person it's great to be in studio thanks for coming to the studios are obama presumably your old boss clinton were against bricks it what prospect you think britain has of getting a trade deal with trump well r

and the world bank expressing concern about the global economy over the next two years world bank is concerned because the trade friction between the united states and china will have knock on effect on poorer nations and they are going to be stunned because of supply chains they're impacted by those two largest economies and their trade friction the i.m.f. also citing that friction saying that they have downgraded their outlook for the global economy over the next couple of years downgrading at point two percent and egyptian military court has sentenced seventeen people to death row involvement in the coptic christian churches last year twin bombings in alexandria and tom time in april of twenty seventeen left at least forty five people dead and more than one hundred thirty seriously injured i sold claimed responsibility amnesty international says those who organized it should be held accountable but criticized the imposition of the death sentence. i think two people have died in eastern india after cycling made landfall in addition a state three hundred thousand people will move to

chief christine lagarde says the world economy is strong but the benefits of growth are not being shared properly. she told the annual meeting hosted by the fund and the world bank that while china has let the yuan fluctuate, currency and trade wars are detrimental to all. that is a view echoed by the world bank president, who says nations need to break -- brace for a worsening trade dispute. brexit negotiators are edging toward a compromise on the thorniest issue in talks, even as officials on both sides worn obstacles still stand in the way of a deal. michel barnier has said a deal is within reach and officials in brussels and london said progress was making -- being made in negotiations. the main sticking point is how to keep the irish border open after britain leaves the bloc. into u.s., hurricane michael has slammed into the florida panhandle, unleashing a trail of destruction across 200 miles that splintered houses. the extreme weather killed off peeled off- roofs. it is one of the most powerful storms to ever hit the continental united states. global news 24 hours a day, on-air and tictoc on twitter, powered by more than 2700 journalists and analysts in m

the president of the world bank jim yong kim speaking there. and we have a reminder of the top stories we're following for you at this hour a ball garion man has been arrested in germany and charged with the rape and murder of journalist from tory amar noble the suspect is expected to be extradited to a bug area that remains unclear if the t.v. presenter death was linked to her work. and people in florida are bracing for what could be the worst storm in decades as heard from michael is upgraded to a category four forecasters are predicting massive rainfall and storm surges of up to four meters half a million people are being urged of coastal areas. this is d. w. news coming to you live from berlin we have a fresh bulletin coming up at the top of the hour in the meantime for all the latest news and information you can always check our website that's t w dot com for now for me and the entire team here in berlin thanks for watching. how do you have to do this. a six month station mike to increase discrimination karma as exclusives talk to. each sma

two days ago the hea of the world bank had a major announcementnc anng the world bank would no longer fund coal because lerenew are cheaper. i would like them to go further and say we will get rid ofr coa ther reasons. it meant coal plants being plannedby china and other countries such as kenya, coal plants scheduled for pakistan, ey will all no longer receive world bank funding which makes it much harder launch them. this is really designed to be the first wave ofge efforts to coal out entirely. that seven percent was an upper limit. two percent is the goal that want to see it hit by 2050. we are really looking at zero coal. >> what about carbon taxes? california has a carbon pricing program. how many other b places haven asked to look at grants? > we need to go a lot farther. the good news is that california carbon program is going strong. the big new entrant is china. china isun ing its carbon price after several years of experimenting city by city and province by province. we find they are effective but are only effective if we spread them and they really bomeart of the global eco

and china which policymakers underscored was going to be felt around the world this year's annual meeting of the i.m.f. and the world bank is taking place in indonesia where people are still reeling after last month's natural disasters. the world's financial leaders did not receive an open armed welcome here ten days after a devastating earthquake and tsunami his indonesia protesters want their government to focus on helping victims instead of hosting a summit for the business at least. their message didn't go entirely on her on a visit to one of the most of the affected areas i.m.f. chief christine legarde promised to supply funds. so that today. too. soon after it was back to the usual order of business with the release of the i.m.f. places reports on the act look for global growth the spot between the world's top two economies drawing consequences not withstanding the present the man momentum in the us we have downgraded its twenty nine hundred growth forecast owing to the recently enacted tariffs on a wide range of imports from china and china's retaliation china's expected twenty nine thousand growth is also marked

yes, we are at one of the most important parallel side events to the imf world bank meetings, and thatstitute for international finance, a place where luminaries from the policy world are gathered, including my next guest, martin gilbert. he is the co-ceo of standard life aberdeen. thank you for joining me. i am going to start with the markets. you said on the stage this is a market correction long overdue. do you and the steven mnuchin talk on the sidelines? more of thebut i am value type investor than the gap -- the value investor -- then the growth investor. it is great to see the correction. it is bringing reality back to prices. as i said, it was long overdue in my opinion. kathleen: a good time to buy, you set. buy what? martin: good quality stocks. i suppose if you want to buy tencent, it is a good time to buy tencent. it has fallen quite a bit. it gives you the opportunity to ed tohe stocks you want own, but felt you could because the prices were too high. kathleen: you said asset management was the highest it had been in 10 years. that includes the greek financial crisis. asse

i should say that the imf and the world bank have said that the president has done very well, encouragingelopment in recent years in malawi. it also said last year that malawi is one of the ten countries in africa that improved the most last year after implementing regulartory reforms which have made doing business easier. the imf has said growth is up 4%, inflation is getting under control. he's not done such a bad job after all. pat yourself on the back that you have been part of that government. i do not want that credit, it goes to one person. the imf has just slashed growth projection to 3.3%. still not bad. performing well. good or bad, good or bad, we think we should be a lot better than where we are today. that is what i'd like to say. talking about agriculture, you talk about expansion, something that comes up perpetually when we talk about malawi. around half of the export earnings are from tobacco. that is not a great thing, obviously people say smoking cigarettes is very harmful, the who would like to see end of smoking. it is a cash crop, not a food crop and there is a lot of

and the world bank in bali forum thank you so much. and a quick reminder of the top story we're following for you at this hour support for germany's governing party is has plummeted to the lowest level ever recorded a new poll shows only one in four people is happy with i know america grand coalition. this is the dominos we have a fresh frozen coming up at the top of the hour for now thanks for watching. more intrigued international talk show for journalists discuss the topic of the week it's a big weekend in german politics the people of the very go to the polls in an eagerly awaited regional the election advantage called the could reshape german politics at the national level to find out how shortly. quadriga. d.w. . kicked off my model. we once know which is the best book on the campaign this time to do news on the checks in spain super successful and. i'm a cubs free stunner versus full folder concepts the freestylers takes on a rising bowser's legal stuff who knows the better but you steve. sixty minutes. endless all consuming conf

and the world bank in bali forum thank you so much. this is due to other news from earlier and more coming up the top of the hour for now thanks for watching wherever you. want dream go international talk show for journalists discuss the topic of the week fiction because we can do german politics the people of good varia go to the polls in an eagerly awaited regional the election advantage company could reshape german politics at the national level find out how. quadriga next d.w. . the first time. i know you have a credible it's a whole new more. i am in cyberspace or on the street i. will not think it means do you think the first and sexual frustration to. still have to get used to these robot noises exploring new frontier sex and love three point zero in forty five minutes on w. . being armed forces are under pressure they're battling recruiting problems outdated and broken down equipment and limited budgets. challenges a huge missing person of tanks we have ten divisions that don't have talent so zero sourcing and privatisation are