Limited freedom of the online world news koreans fled to south korea where they realize their dreams of becoming social media. But then they disappeared without warning. Need to recess as a north korean propaganda video. What happens from north korea with love starts october 25th on d, w, 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 thats already struggling to recover from depends amex better to grow crops without gleiss to save some farmers or 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 molly xena, welcome to the show. The israel, him last conflict has thrown the World Economy into new. Im certain, see it, and made it to molto. This week the International Monetary fund has published its new economic outlook. Heres what i must director, chris selina, youll 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 closed the monitoring this very, very clearly. This is a new clout on not the city is verizon for the World Economy. The m s also revise the growth forecasts for the worlds 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, thats 0. 2 Percentage Points, less growth than the i m f announced in july. Joining me now is on the raf funds is 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 thats partly specific to the region in terms of uncertainty in the cloud and partly war in general. She didnt 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, were, is by nature inflationary. So in a world where weve already seen inflationary pressures, and weve also seen Central Banks reacting to those inflationary pressures, this may prove to be another challenge thats on the horizon. And remember, this is the 2nd war that were 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 of 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, its becoming more optimistic on u. S. Economic growth. Does that surprise you . Or it does not. So what the i m f is doing is october. Its almost the end of 2023. So theyre making their final revisions. Most of the year is behind us. Most of the 2023 is more visible than it was in july. So, so us economy has been out performing expectations all year long, and it seems like i m f is now acknowledging that the lower expectations at the beginning was due to the worries about a recession based on weakness and manufacturing and tech sector. And remember the banking term loyal 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 were 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 isnt 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 its still running hot. And on top of that, its 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 m 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 strictly . And if there is another challenge coming at us will 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 had 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 its 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 end because of the negative impact of those still developers, the Property Investment remains muted. And so just because youve reopen the economy, the issues that existed before have not disappeared. So in some ways, this is not a surprise at all on a rough on thank you so much for insights. Thank if a lie. So say it is one of the worlds 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 whats not disputed is that the chemical can be poisonous if ingested. And in the country with the highest use of quite a phase, its 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 model that it to, so this is the life of said herbicide, thats at the center of a controversy. In argentina, walter congo uses it on his land, and the Northeastern 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 well get them real quick. We added a, but we know that we must be careful not to expose the neighboring population to unnecessary levels of chemicals. They dont come along with that one. But how are we going to maintain that production levels necessary to feed everyone in this country and others . So what well do if we reduce the productivity of the land, see how much are you deliberately asked with konica 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. To go to this in the, my a or what i really noticed, the most is merely having no vision anymore. And all that toxic vapor would get into my eyes for me. And my lungs are quite damaged to the thoughts. Another independent producer from florida to operate, remembers that before they got their land, they lived in the middle of toys and forests. The children would get respiratory diseases in the wild animals left. So now, miriam, semi dio, advocates for green agriculture and says it is not less productive. Doing one of these again, like daddy effect them. You see everyone says they harvest 16 or 17000 kilograms per one, hector them. We always reach 20 or 22000 and q us from one how to or we try to use organic means and control the wind ourselves that a little. I mean my lead talk as youll see i Ricardo Ranger and other farmers in miss owners are going to court against the glad to sit ban lacey later on, this low is a legal stop and makes life a safe is allowed at the national level. What im paying the 5th hurts theres a lot because we dont know how to define the way in time if we are no longer allowed to use it as a herbicide. What do you see and what do you have in place on this miss . 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 thats no stranger to the life of state spain, which produces half of the worlds olive oil for now. Ongoing droughts of hampered harvests this year, driving prices for olive oil to a record high. And its not only those buying olive oil that are complaining as an olive grove near the spanish capital month rate. Due to the poor harvest. Oil prices have more than doubled this year. But producers havent benefited from rising prices. And whats the new, of course weve had higher production costs, historical ones like never before, and just oil that is now being sold, whos price is rising every 2nd week was paid to us at a price that 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 products. However, buyers are now backing out. She has to but 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. Its been reduced 240000. So far, spain is by far the Worlds 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 thats our show for me in the Business Team here in berlin. Thank you so much for watching the code and the full the election officially against the admission of migrant. Yet, under the tables setting, hundreds of thousands of work visas to bribes. The cash for the visa scandal could cost peas, its credibility and election victory. The focus on europe next on d. W to the points strong opinions, clear position, International Perspective the must her attack on israel is the largest mass, murder of jews since the holocaust city. Israels president , it has cast a long shadow worldwide, probably change the middle east. Thats our topic on to the point. To the point. In 60 minutes on w. O. O. We say theyre about never getting up every weekend on the w the the a very well welcome to focus on your this week with me live show. Theres no end in sight and the brutal war in ukraine. Hardly a day goes by without russian attacks. The deadliest attack this year took place early october in the village of crows in eastern ukraine. A rocket hit cafe where a residence had gathered f