Global foreign direct investment rebounded by 64% to a four-year high $1.6tn last year after a Covid-induced slump to below $1tn in 2020, data from the UN’s annual World Investment Report showed this week.

But the war in Ukraine has “dramatically” changed the “environment for international investment,” with “investor uncertainty and risk aversity” set to put “significant downward pressure on global FDI this year,” the United Nations Conference on Trade and Development (UNCTAD) warns. (CONTINUED - 1491 WORDS)