Global FDI rises 16 percent: UN report
According to "World Investment Report 2012" conducted by UN Conference on Trade and Development (UNCTAD), global FDI is expected to increase at a slower rate in 2012 due to slower global economic growth, to $1.6 trillion, Xinhua reported.
FDI inflows in the US in 2011 totalled $227 billion, marking a 15-percent increase. The 27-member European Union saw a surge by 32 percent to $421 billion.
In China, the total FDI inflow reached $124 billion, increasing by 8 percent and in India, it stood at $67 billion, up by 31 percent.
About 45 percent of the investment went to developing countries in 2011, representing an 11 percent increase to $684 billion, said the report Thursday.
UNCTAD economists expect global FDI to increase to $1.8 trillion in 2013 and $1.9 trillion in 2014, though uncertainty for investors during this time period remains high.
South African anti-apartheid hero and its first elected black President Nelson Mandela died at the age of 95 at his Johannesburg home. Although Mandela had been frail and ailing for nearly a year, President Jacob Zuma's announcement of the death of the former President and Nobel Peace Prize laureate shook the nation.
Date 5 hrs ago, Duration 1:04, Views 0