Global FDI down 49% in first six months of 2020

(PTI) United Nations, Ta. Tuesday, October 27, 2020

In the first six months of 2020, global foreign direct investment (FDI) inflows have declined by 49 per cent compared to the same period in 2019, according to new figures released by the United Nations.

The recently released Global Investment Trends Monitor of the United Nations Conference on Trade and Development (UNCTAD) states that the pace of investment projects has slowed down due to the epidemic, lockdown.

The future is still uncertain, the report said. Developed countries have seen the biggest decline in FDI. In the first six months of this year, FDI in developed countries stood at 98 98 billion, down 75 per cent from the same period last year.

North American FDI fell 56 percent to 68 68 billion. Meanwhile, FDI in developing countries has declined by 16 per cent. Which is less than expected. According to experts, investment in China has led to a slight decline in FDI in developing countries.

FDI inflows into Asia have declined by 12 per cent. Africa's FDI is down 28 percent from the same period last year. FDI in Latin America and the Caribbean is down 25 percent. Developing countries in Asia account for 50 per cent of total global FDI. The આ 358 billion greenfield investment project was announced in the first eight months of 2020.