economics estimates that construction output in developed countries has plummeted by 650 dollars per year over the last couple of years. particularly hard hit have been western european economies such as the uk's. >>ankers: this year we're expecting a fall of 16per cent from last year which is the largest fall in a single year....since records began after the war. >>reporter: in the uk, the royal institute of british architects believes that 30% of architects are lacking full time employment...and the knock on effect for mode makers has been significant. >>fabian: we've probably lost two thirds or three quarters of our staff. >>mckeogh: there's some horror stories from other model making companies i know where they've essentially had to get rid of 90per cent of their staff. >>reporter: till recently, some companies could rely on construction in areas like the middle east to soften the model making recession, but dubai's debt problem has shown how wide ranging this financial crisis has been...and the outlook for now, is less than rosy. >>mckeogh: there seems to be no end to this reces

to ban grain oxford will be felt by some russian agricultural businesses according to do. from the institute of agricultural markets studies. of course this will put a negative impact this plan will be a very painful measure for both domestic producers and for exporters but when one has to choose between the domestic consumption market and the needs of other countries it's obvious what decision should be taken but there are quite a lot of grain storage is in the us as well as in the european union so the obligations that the russian companies have made will go on to other countries for the time being the situation is still green hand in the downtown of moscow but from an economic point of view it looks at worst than it really is. the world markets are trading in narrow range of the head of the crucial u.s. jobs data that could determine whether the u.s. federal reserve announces for the stimulus measures to get the world's largest economy back on track in asia the nikkei is end of the trading session point twelve percent lower while hank sang is up over half a percent here

apart from turbo human caused locally there will be an economic impact the decision to ban grain oxford will be felt by is some russian i agree cultural businesses according to call from the institute of agricultural markets studies. of course this will put a negative impact this man will be a very painful measure for both domestic producers and for explosives but when one has to choose between the domestic consumption market and the needs of other countries is obvious want to see should and should be taken but there are quite a lot of grain storage is in the us as well as in the european union so the only geishas that the russian companies have made will go on to other countries. for the time being the situation is still green hand in the downtown of moscow but from an economic point of view it looks worse than it really is. ok thanks medina that was our correspondent in a courtroom our reporting from the white house in central moscow. now time to check out the markets start with russia where the markets are trading higher in the afternoon most of the blue chips are in the black of bot