 "FDI")
Flows of foreign direct investment (FDI) recovered to pre-pandemic levels reaching $1.6 trillion in 2021 but, according to the latest UNCTAD report released on Thursday, the prospects this year are grimmer.
The top ten economies for FDI inflows in 2021 were India, the US, China, Hong Kong (China), Singapore, Canada, Brazil, South Africa, Russia, and Mexico.
The report, "International tax reforms and sustainable investment", said that to cope with uncertainty and risk aversion, developing countries must get significant help from the international community.
"UNCTAD foresees that the growth momentum of 2021 cannot be sustained and that global FDI flows in 2022 will likely
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