You are here: Home » Reuters » News
Business Standard

Global FDI skids 19 percent on Trump tax reform, may rebound in 2019: U.N.

Reuters  |  GENEVA 

By Tom MilesGENEVA (Reuters) - Global foreign direct investment (FDI) fell 19 percent last year to an estimated $1.2 trillion, largely caused by U.S. President Donald Trump's tax reforms, the United Nations trade and development agency UNCTAD said on Monday. 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 potential sign of growth of corporate supply chains and future trade ties.But it can also go into reverse as companies pull investments out of foreign projects or ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, January 21 2019. 17:50 IST