• Coronavirus pandemic sinks global investment to 15-year low - report

    7 days ago - By RT

    Data from the Organisation for Economic Co-operation & Development showed that foreign direct investment flows worldwide plummeted to $846 billion in 2020, which is a 38% drop compared to 2019.
    The coronavirus pandemic “accelerated a steady decline and contributed to sinking global FDI flows to their lowest levels since 2005,” said the report. In 2020, global FDI flows represented only 1% of world GDP - their lowest level since 1999.
    The FDI inflows nosedived in most countries last year, according to the OECD. They crashed by 70% across the European Union, “mostly due to divestments from...
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