Coronavirus knocks a third of European FDI -survey
Over a third of European foreign direct investment projects announced in 2019 have been either delayed or cancelled outright because of the coronavirus pandemic, an annual survey by professional services group EY found.
Some 65 percent of the 6,412 projects in question are already in place or continuing “albeit with downgraded capacity and recruitment”, EY said. A further 25 percent were delayed and 10 percent cancelled, its Europe Attractiveness survey found.
The data on the impact of the pandemic was gathered last month from a panel of 113 corporate decision-makers and a series of webinars with European investment agencies.