UN economists forecast drop of up to 15 % in FDI worldwide due to Novel Corona virus outbreak

The rapid spread of the deadly Novel Corona virus is expected to take a serious toll on foreign direct investments worldwide, with UN economists forecasting a drop of up to 15 percent. A fresh report from the United Nations Conference on Trade, Investment and Development (UNCTAD) warned that regardless of how quickly the COVID-19 outbreak lasted, it would significantly drag down global FDI, which is a measure of cross-border private sector investment. Efforts to halt the spread of the virus, whi...