The European Business Council for Africa

Prospects for economic growth in 2020 hinge on reducing trades disputes and uncertainty, the UN finds

The United Nations’ flagship publication on expected trends in the global economy, the World Economic Situation and Prospects 2020, predicts that one in five countries will see per capita incomes stagnate or decline this year.

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Global foreign direct investment (FDI) flows fell by 23% in 2017, to $1.43 trillion from $1.87 trillion in 2016, according to UNCTAD’s World Investment Report 2018. The decline is in stark contrast to other macroeconomic variables, which saw substantial improvement in 2017.
“Downward pressure on FDI and the slowdown in global value chains are a major concern for policymakers worldwide, and especially in developing countries,” UNCTAD Secretary-General Mukhisa Kituyi said.
“Investment in productive assets will be needed to achieve sustainable development in the poorest countries.”

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