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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 ...

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