The World Trade Organization has raised its projections for growth in global trade to eight percent this year - it's biggest increase since 2010. It comes after international trade was severely affected by the coronavirus pandemic last year, when global GDP contracted by 3.8 percent. The W-T-O had previously forecast trade growth of 7.2 percent for 2021. But the trade body warns vaccine shortages and the spread of coronavirus variants could hamper this recovery.
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