The coronavirus crisis is expected to drag foreign direct investment (FDI) down by up to 40% this year, with a recovery not expected until 2022, UN economists said on Tuesday. “The decline was quite drastic,” James Zhan, Unctad’s investment and enterprise chief, told a virtual press conference. “Flows to developing economies are expected to stabilise, with East Asia showing signs of an impending recovery,” said Zhan. “Global FDI will continue its decline, though moderately, in 2021 - that is, up to 10%.”The recovery is then expected to begin in 2022, he added. “Longer term, we see the possibility of transformation of global value chains that will change the landscape for global trade and investment,” he said.

Source: The Express Tribune October 28, 2020 03:09 UTC