BMI: Asia to get less foreign investments due to headwinds

Jul 13, 2023 12:33 am

FOREIGN direct investments (FDI) in Asia will likely contract this year given global headwinds, a Fitch Group unit said

'We expect Asia's foreign direct investment inflows to decline by 10 to 15 percent in 2023 due to recessions in the US and the eurozone, tight credit conditions, reshoring of supply chain by multinational corporations and rising geopolitical tensions,' BMI Country Risk & Industry Research said in a commentary on Wednesday.

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