Virus crisis torpedoes foreign investment – U.N.

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The United Nations expects a 40% drop in global foreign direct investment in 2020.

"The shock will be further compounded by the impact on food security as production of major food items is concentrated in a few big countries where the pandemic is expanding," he said.FDI can lead 'recovery'

Meanwhile all 32 landlocked less-developed countries were struggling with the economic impact of the pandemic on FDI flows – particularly with border closures, the report said.– the mode that carries an estimated 80% of global trade, said UNCTAD. He said the recovery could create opportunities for middle-income countries as value chains become more regionalized.

 

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