Global Foreign Direct Investment (FDI) dropped 50 percent to USD 364 billion in the first six months of 2020 compared with the second half of 2019 due to the economic and financial impact of COVID-19, the Organisation for Economic Cooperation and Development (OECD) said on Friday.
In its latest report on worldwide FDI, the OECD stressed investment had now fallen to the lowest level since 2013. Investment inflows into the 35 industrialised OECD nations plummeted by 74 percent in the first half of the year, while outflows dropped by 43 percent, the report said.
Drops were reported in flows to non-OECD members of the G20, which were down 30 percent, while outflows in that area declined 60 percent. Economic and financial activity has been disrupted since the outbreak of the COVID-19 pandemic at the beginning of the year, with lockdowns and travel and trade restrictions put in place in many countries.
Source: KUNA