Foreign investment falls in Europe

London, May. 2 (BNA): Foreign direct investment (FDI) into Europe fell 4% last year, with Germany seeing a sharp 12% drop in projects amid concern over its economic slowdown and energy security, a survey by professional services group EY found.

 

According to Reuters, it was the first annual fall in the number of European FDI projects registered since the COVID-19 pandemic, after gains seen in both 2021 and 2022.

 

Companies surveyed cited volatile energy prices, turbulent domestic politics and the steady stream of new European regulation in areas ranging from artificial intelligence, sustainability and data protection among their concerns.

 

European Union leaders agreed in principle this month to a wide-ranging set of reforms aimed at revitalising the bloc’s economy.

 

 

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