Coronavirus economic impact set to push global FDI down 40 per cent in 2020, UN reports says

Global foreign direct investment flows are likely to plunge by 40 per cent this year due to the coronavirus pandemic, the United Nations said on Tuesday, with worse expected in 2021.Foreign direct investment (FDI) will shrivel from its 2019 value of US$1.54 trillion to below US$1 trillion for the first time since 2005, said the UN Conference on Trade and Development (UNCTAD).FDI – a measure of cross-border private sector investments – is forecast to decrease by a further 5 per cent to 10 per…

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