GENEVA (AN) — New business investment across borders will likely drop by up to 40% this year and 10% in 2021 from the pandemic, the U.N. Conference on Trade and Development reported on Tuesday.
The United Nations' agency for trade, investment, and development issues, known as UNCTAD, forecast in its annual report on the prospects of foreign direct investment that multinational businesses will reduce costs by operating more closely to home, in a trend with harsh consequences particularly for the world's developing nations.
