FDI flows tanking as coronavirus pandemic disruption deepens - U.N.
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GENEVA (Reuters) - The coronavirus pandemic could slash global foreign direct investment (FDI) by as much as 40% this year, a United Nations agency said on Thursday, more than doubling its previous downward projection of less than three weeks ago.FDI, comprising cross-border mergers and acquisitions (M&A), intra-company loans and investment in start-up projects abroad, is a bellwether of globalisation and a reflection of the health of corporate supply chains and future trade ties."Updated..