Overseas investment down globally, warns UN trade and development agency UNCTAD

15 October 2018

Foreign direct investment, which is usually referred to as FDI, is an “accelerator” of the global economy, because it gives countries access to external capital, technology, market access and taxable income.

However, according to a new report by the UN Conference on Trade and Development (UNCTAD), it has fallen more than 40 per cent in the first half of 2018, compared with the same period last year, with developing economies escaping the worst of the downturn.

Overall, the global financial picture is “gloomy”, James Zhan, UNCTAD Director of Investment and Enterprise, told Daniel Johnson in Geneva.

Audio Credit:
Daniel Johnson, UN News - Geneva
Audio Duration:
10'40"

 

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