FDI will shrivel from its 2019 value of $1.54 trillion to below $1 trillion for the first time since 2005, said the United Nations Conference on Trade and Development.
"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' Those countries cannot turn to direct sea transport -- the mode that carries an estimated 80 percent of global trade, said UNCTAD.
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