Information businness Gustavo Capdevila

Inter Press Service English News Wire


Gustavo Capdevila
Inter Press Service English News Wire
09-25-2008
GENEVA, Sep. 24, 2008 (IPS/GIN) -- The international turmoil and
economic slowdown triggered by the U.S. financial crisis are having
a major impact on global investment, which will drop 10 percent
this year from last year's record level of $1.8 trillion.
At the presentation of the World Investment Report 2008
Wednesday, the secretary-general of the United Nations Trade and
Development Conference (UNCTAD), Supachai Panitchpakdi, predicted
that foreign direct investment would reach $1.6 trillion this year.
All aspects related to investment will depend on the magnitude
and duration of the current crisis, Supachai said.

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