FILE PHOTO: The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease continues in Frankfurt, Germany, November 1, 2020, REUTERS/Kai Pfaffenbach
The survey, conducted in October before a series of COVID-19 vaccine trial breakthroughs, showed that 42% of executives now expect a decrease in their 2020 investment plans and 31% plan to delay them to 2021. While that still means a big overall hit to foreign direct investment after 2019’s record year, EY noted that 21% of those surveyed believed Europe would be more attractive for investment post-Covid compared to just 8% in April.
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