down by up to 40% this year, with a recovery not expected until 2022, United Nations economists said on Tuesday, October 27.
"The decline was quite drastic," James Zhan, UNCTAD's investment and enterprise chief, told a virtual press conference. On a more positive note, FDI flows to developing economies decreased by less than expected at just 16%, UNCTAD said. Green-field investment – considered an indicator of future FDI trends – typically refers to projects that create new physical facilities which are considered productive, in part because they typically create jobs.
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