Businesses to Slash Overseas Investment Amid Pandemic Risks

📆 6/16/2020 6:45 AM
📰 WSJ

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Firms are expected to slash new overseas investment in 2020 and 2021, hitting poorer countries hardest: 'The first rungs on the development ladder could become much harder to climb.'

Businesses will slash new overseas investments by 40% this year and as much as 10% next year, according to new United Nations forecasts, as disruptions from the coronavirus pandemic push multinationals to bring production closer to home. The trend will hit poorer, developing countries hardest.

In its annual report on the prospects for foreign direct investment, the U.N. Conference on Trade and Development said falling profits would be the main factor behind this year’s collapse in new investment. Unctad said profits among...

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Hopefully in the chaos to come. Journalist will be the first to be sacrificed to the greater good.

Keep the money home people!

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