May 28, 2024 20:07 (IST)
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‘Rapid deterioration’ in global investment flows as Coronavirus spreads: UN trade body

‘Rapid deterioration’ in global investment flows as Coronavirus spreads: UN trade body

New York/IBNS: Foreign direct investment flows are liable to drop by 30 to 40 per cent during 2020, into next year, due to the ongoing COVID-19 pandemic, reflecting a far more severe economic blow that initially projected, the United Nations Conference on Trade and Development (UNCTAD) said on Thursday in its latest Investment Trends Monitor report.