Global economic growth to slow in 2011, says World Bank

The global economy will slow this year, with developing countries such as India and China providing a greater share of growth, the World Bank has predicted.

The bank estimates that global GDP growth will be 3.3% this year against 3.9% in 2010, with emerging markets growing by 6%.

But these rates would not be enough to reduce unemployment in the hardest-hit economies, it said.

The bank warned that "serious tensions and pitfalls" persist.

These included the eurozone debt crisis and the risk of large amounts of capital flowing from low-interest developed economies to higher-interest emerging markets, which could affect currencies.

It also said it was "very concerned about rising food prices".

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