Investment inflows to remain weak in 2021
The global economy lost over $700 billion in foreign direct investment (FDI) in 2020, tumbling from $1.5 trillion in 2019 to $859 billion in the period under review.
The United Nations Conference on Trade and Development (UNCTAD), in its 38th Global Investment Trends Monitor Report, attributed the development to the harsh effects of the COVID-19 pandemic.
The document, which measures levels of FDI across the world, pointed out that investments fell by about 42 per cent.
The drop in developing economies stood at about -12 per cent, bringing estimated investments to $616 billion, while the decline was high in developed countries, where FDI flows dipped by 69 per cent to an estimated $229 billion.
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