26 June
Foreign direct investments (FDI) are projected to plunge by 40% in 2020 due to the recession caused by the Covid-19 pandemic.
Developing and emerging economies are expected to be the worst affected with export-oriented and commodity linked investments projected to be severely impacted.
The decline in FDIs may transform international production and increase sustainability.
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Olga Solleder, an economist, tweeted forecast made by the United Nations Conference on Trade and Development (UNCTAD) on the decline in FDI by 40% in 2020.
The projections are based on UNCTAD’s new report World Investment Report 2020.
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The new report notes that FDI will decline below $1tn for the first time since 2005.
FDI is expected further decline by 5%-10% in 2021, the report adds.
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