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/ 9 September 2005
The world economy faces "serious risks of a setback", the United Nations Conference on Trade and Development warns in its annual trade and development report. The report from Unctad says the world economy is still expanding, but the moderation of growth over the first half of 2005 should serve as a warning.
Every now and then helicopters have been flying towards the Gleneagles Hotel, carrying one or another of the G8 leaders whose three-day summit began on Wednesday. But through the three days of talks little agreement is looking likely. And just as unlikely is any sweet agreement to agree to disagree.