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Fears for world trade

TRADE across the world is expected to grow by just 6.5pc this year after global commerce expanded by 14.5pc in 2010.

The World Trade Organisation says economies such as China and Brazil will drive the recovery of the worst recession in six decades. The organisation sees a "greater degree of uncertainty to any forecast" for 2011 as growing inflation, unrest in the Middle East and the March earthquake in Japan have "tilted the balance of risk toward the downside". Developing economies will lead global trade growth this year, with a forecast 9.5pc rise, compared with 4.5pc for developed nations.