FDI outlook ‘highly uncertain’, 2020 level to shrink by 40% – U.N. agency
Global flows of foreign direct investment (FDI) will be under severe pressure this year as a result of the COVID-19 pandemic, said the United Nations Conference on Trade and Development (UNCTAD) in its annual world investment report.
Global FDI will plunge by 40% from $1.54 trillion in 2019 and drop well below the “trough reached during the global financial crisis”, UNCTAD said in the report released mid-week.
Early indicators of FDI projects in the first months of 2020 are already showing sharp declines, according to UNCTAD. “The numbers of announced greenfield projects in March and cross-border M&A deals in April decreased by over 50% compared with the 2019 monthly average,” said the agency.
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