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Foreign direct investment flows hit by the crisis
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FDI flows between developed economies were the first to be affected by the financial crisis. The United States is by far the main partner of the European Union, and the drop in incoming FDI flows was significant in 2008. Investments declined to EUR 50.5 bn in 2008 from the record high of 2007, when the US alone placed EUR 183.5 bn worth of investment in the European Union. However, a significant recovery in inward flows from USA was already noted in 2009. EU investment flows to the United States saw a more moderate annual decline in 2008 (from EUR 168.9 bn to EUR 121.4 bn), which continued in 2009 (to EUR 69.0 bn). In 2006-2007, EU foreign direct investment to Canada was high, due to mergers and acquisitions, but EU outflows fell to EUR 7.8 bn in 2008 and to only EUR 2.8 bn in 2009.
Elsa GONCALVES, Arja KARKKAINEN - Personal Name
NONE
Economics
English
2010
1-8
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