Global foreign direct investment flows decline in 2012Listen /
Inflows of foreign direct investment (FDI) declined by 8 per cent in the first half of 2012, according to the UN Conference on Trade and Development (UNCTAD).
In its latest Global Investment Trend Monitor, UNCTAD projects that FDI flows will at best level off in 2012 at slightly below $1.6 trillion.
The agency says the slow and bumpy economic recovery and other factors are reinforcing the wait and see attitude of many transnational companies towards investing abroad.
James Zhan, UNCTAD's Director of the Division on Investment and Enterprise presented the highlight of the agency's Global Investment Trend Monitor in Geneva.
"The highlight is that for the first half of this year, the foreign direct investment at global level has reached US$ 68 billion. It's 8 per cent decline compared with the same period of 2011. The second thing that's worth noting is the decline of the United States, which was quite significant. It is from $37 billion to $23 billion."
Mr. Zhan said that investment flows to Brazil, Russia, India and China, known collectively as BRIC also declined.