However, there is hope that short-run uncertainty will just be noise in the big picture and that things will return to some long term trend.

Specifically, trade is set to transform with most growth coming from emerging markets. China is projected to overtake the U.S. as the world's leader in trade as early as 2015.
Developing Asia is expected to become the world's largest regional trade corridor in the same period. Moreover, intra-EM trade is expected to account for 38% of world trade activity in 2050. These projections are however contingent on GDP growth, improved productivity, rising incomes, and the fewer protectionist measures.
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