GENEVA: Global foreign direct investment (FDI) plunged by 42% in 2020, a new report by the United Nations Conference on Trade and Development (UNCTAD) showed, while China bucked the trend becoming the world’s top recipient of investment flows.
In its latest Investment Trends Monitor, the Geneva-based UN trade and development body said that FDI fell sharply to an estimated US$859bil last year, from US$1.5 trillion in 2019, and warned of further weakness this year, putting a sustainable recovery from the Covid-19 pandemic at risk.
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