Focused section: Perspectives on COVID-19 and international production: Introduction to the focused section: COVID-19 and international production

The global economy is in the midst of a severe crisis caused by the COVID-19 pandemic. The immediate impact on international production is dramatic. Projections in the World Investment Report 2020 (WIR2020) show a decline in FDI of up to 40 per cent this year, with no recovery expected until 2022 (Figure 1).