Global Foreign Direct Investment drools last year amid Hong Kong divestment, Brexit

• Financial

On Monday, the 20th of January 2020, the United Nation had revealed a report on Foreign Direct Investment (FDI) in 2019, while UN report had exposed a marginal drop in FDI last year, almost entirely hit by an en masse divestment in Hong Kong amid a six-month-long pro-democracy protests alongside a sharp fall in foreign influx in to Britain ahead of an inevitable Brexit.

Aside from that, according to United Nation’s FDI report, prepared by the UNCTAD (United Nation Trade and development agency) and released on Monday (January 20th), the global foreign direct investment had fallen by 1 per cent last year to $1.39 trillion from a revised figure of $1.41 trillion scored in 2018.

Nonetheless, expressing cautious optimism over 2020 FDI outlook, Monday’s UN FDI report was quoted saying that foreign direct investment would likely to witness a rebound this year, as trade tensions between the tariff-war-struck Beijing and Washington had eased, however, geopolitical hobbles alongside an upscaled protectionism in global trades could tatter expectations.

Meanwhile, addressing to last year’s massive-scale divestment in Hong Kong, the UNCTAD’s senior director, James Zhan, said to the reporters on Monday (January 20th), “In Hong Kong there was $48 billion of divestment in terms of equity.

Hong Kong’s economy is a solid economy. Longer term-wise, it is attractive for international investment. ”