World coronavirus dispatch: Foreign direct investment to plunge 40%

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Foreign direct investment to plunge as much as 40 per cent, UN projects: The United Nations forecasts foreign direct investment globally will fall by as much as 40 per cent this year due to the coronavirus pandemic and continue to slump in 2021, hitting developing nations hardest. The lock-down measures are slowing investment projects and will lead multinational companies to reassess plans, according to a report released Tuesday by the UN’s trade and development arm. FDI will drop 30 per cent to 40 per cent this year and won’t begin to recover until 2022, and then only slow-ly, the agency