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UPDATE 1-Global financial system must adapt to better serve economy, UN trade agency says

The financial system risks undermining global trade if it fails to adapt to the economys needs with developing countries likely to suffer the most the UN Trade and Development Agency said on Tuesday Shifts in financial markets now drive global trade almost as much as real economic activity with financial conditions increasingly determining global trade flows and shaping development prospects worldwide the UNCTAD report which was presented in London said

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