Global foreign direct investment halved in first six months of 2020 - U.N.
Global foreign direct investment (FDI) plunged by 49% in the first half of 2020 from the same period a year ago and is on course to fall by up to 40% for the year, driven by fears of a deep recession, the United Nations said on Tuesday.
FDI flows to European economies turned negative for the first time ever, falling to -$7 billion from $202 billion (155 billion pounds), while flows to the United States fell by 61% to $51 billion, the U.N. Conference for Trade and Development (UNCTAD) said in a report.
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