Foreign direct investment (FDI) to the State rebounded last year due to Japanese company Takeda’s $62 billion (€55.9bn) deal for Dublin-headquartered pharma giant Shire. The recovery came as global FDI was largely unchanged despite massive divestments in Hong Kong and a decline in flows to Britain ahead of Brexit. Its data shows global FDI totalled $1.39 trillion in 2019, down 1 per cent from a restated $1.41 trillion a year earlier. However, last year FDI flows bounced to $37 billion on the back of Takeda’s deal, which was the largest cross-border transaction recorded globally in 2019. The UN said the impact of the 2017 US tax reform, which reduced US outward flows and global FDI in 2018, appears to have diminished.

Source: The Irish Times January 20, 2020 15:46 UTC