12:13 28 March 2020
Covid-19 may affect global FDI: UNCTAD
The coronavirus outbreak may reduce the inflow of global foreign direct investment (FDI) by 30 to 40 percent, said the United Nations Conference on Trade and Development, a UN body that deals with trade, investment and development issues.
“A new UNCTAD analysis of the impact of the coronavirus pandemic on the outlook for global foreign direct investment shows that the negative impact will be worse than previously anticipated,” stated the press release.
“Updated estimates of the economic impact of Covid-19 now suggest that the pressure to reduce FDI flows may range from 30 to 40 percent in 2020-2021, much more than previously forecast 5 to 15 percent.”
(PAP)
