The Impact of COVID-19 on Foreign Investors : Evidence from the Quarterly Global MNE Pulse Survey for the Third Quarter of 2020

As the COVID-19 crisis extends into the second half of 2020, the outlook for both the pandemic and the associated economic crisis remains highly uncertain. In this environment, multinational enterprises (MNEs) need to weather a prolonged economic d...

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Main Authors:	Saurav, Abhishek, Kusek, Peter, Kuo, Ryan, Viney, Brody
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	CORONAVIRUS COVID-19 PANDEMIC IMPACT MULTINATIONAL CORPORATION MULTINATIONAL ENTERPRISE FOREIGN DIRECT INVESTMENT INVESTMENT CLIMATE CAPITAL FLOWS SUPPLY CHAINS FDI POLICY REGULATION BUSINESS ENVIRONMENT
Online Access:	http://documents.worldbank.org/curated/en/675271607503255200/The-Impact-of-COVID-19-on-Foreign-Investors-Evidence-from-the-Quarterly-Global-MNE-Pulse-Survey-for-the-Third-Quarter-of-2020 http://hdl.handle.net/10986/34924

id	okr-10986-34924
recordtype	oai_dc
spelling	okr-10986-349242021-04-23T14:02:11Z The Impact of COVID-19 on Foreign Investors : Evidence from the Quarterly Global MNE Pulse Survey for the Third Quarter of 2020 Saurav, Abhishek Kusek, Peter Kuo, Ryan Viney, Brody CORONAVIRUS COVID-19 PANDEMIC IMPACT MULTINATIONAL CORPORATION MULTINATIONAL ENTERPRISE FOREIGN DIRECT INVESTMENT INVESTMENT CLIMATE CAPITAL FLOWS SUPPLY CHAINS FDI POLICY REGULATION BUSINESS ENVIRONMENT As the COVID-19 crisis extends into the second half of 2020, the outlook for both the pandemic and the associated economic crisis remains highly uncertain. In this environment, multinational enterprises (MNEs) need to weather a prolonged economic downturn while also navigating government policy responses to the pandemic and updating investment plans for an uncertain future. Given the importance of foreign direct investment (FDI) to the crisis and recovery, especially for developing countries, the World Bank Group’s Global Investment Climate Unit is conducting quarterly pulse surveys of MNE affiliates throughout 2020 to gauge the pandemic’s effect on foreign investors. According to previous rounds of the survey, four in five MNE affiliates experienced reduced revenue and profits, and three in four experienced a decline in supply chain reliability in the first quarter of 2020 (Saurav, Kusek, and Kuo, April 2020). The adverse impacts became near-universal in the second quarter of 2020, with over 90 percent of MNEs experiencing adverse effects (Saurav, Kusek, Kuo, and Viney, September 2020). A third round of the quarterly pulse survey, reflecting the third quarter of 2020, was administered in October and November 2020. The survey results show that the pandemic’s adverse effects remained widespread for MNE affiliates in the third quarter, with only limited improvements expected in the fourth quarter. While these survey results may not be generalizable to all developing countries, they are directionally indicative of MNEs’ experiences in developing countries. 2020-12-14T16:32:41Z 2020-12-14T16:32:41Z 2020-12 Report http://documents.worldbank.org/curated/en/675271607503255200/The-Impact-of-COVID-19-on-Foreign-Investors-Evidence-from-the-Quarterly-Global-MNE-Pulse-Survey-for-the-Third-Quarter-of-2020 http://hdl.handle.net/10986/34924 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CORONAVIRUS COVID-19 PANDEMIC IMPACT MULTINATIONAL CORPORATION MULTINATIONAL ENTERPRISE FOREIGN DIRECT INVESTMENT INVESTMENT CLIMATE CAPITAL FLOWS SUPPLY CHAINS FDI POLICY REGULATION BUSINESS ENVIRONMENT
spellingShingle	CORONAVIRUS COVID-19 PANDEMIC IMPACT MULTINATIONAL CORPORATION MULTINATIONAL ENTERPRISE FOREIGN DIRECT INVESTMENT INVESTMENT CLIMATE CAPITAL FLOWS SUPPLY CHAINS FDI POLICY REGULATION BUSINESS ENVIRONMENT Saurav, Abhishek Kusek, Peter Kuo, Ryan Viney, Brody The Impact of COVID-19 on Foreign Investors : Evidence from the Quarterly Global MNE Pulse Survey for the Third Quarter of 2020
description	As the COVID-19 crisis extends into the second half of 2020, the outlook for both the pandemic and the associated economic crisis remains highly uncertain. In this environment, multinational enterprises (MNEs) need to weather a prolonged economic downturn while also navigating government policy responses to the pandemic and updating investment plans for an uncertain future. Given the importance of foreign direct investment (FDI) to the crisis and recovery, especially for developing countries, the World Bank Group’s Global Investment Climate Unit is conducting quarterly pulse surveys of MNE affiliates throughout 2020 to gauge the pandemic’s effect on foreign investors. According to previous rounds of the survey, four in five MNE affiliates experienced reduced revenue and profits, and three in four experienced a decline in supply chain reliability in the first quarter of 2020 (Saurav, Kusek, and Kuo, April 2020). The adverse impacts became near-universal in the second quarter of 2020, with over 90 percent of MNEs experiencing adverse effects (Saurav, Kusek, Kuo, and Viney, September 2020). A third round of the quarterly pulse survey, reflecting the third quarter of 2020, was administered in October and November 2020. The survey results show that the pandemic’s adverse effects remained widespread for MNE affiliates in the third quarter, with only limited improvements expected in the fourth quarter. While these survey results may not be generalizable to all developing countries, they are directionally indicative of MNEs’ experiences in developing countries.
format	Report
author	Saurav, Abhishek Kusek, Peter Kuo, Ryan Viney, Brody
author_facet	Saurav, Abhishek Kusek, Peter Kuo, Ryan Viney, Brody
author_sort	Saurav, Abhishek
title	The Impact of COVID-19 on Foreign Investors : Evidence from the Quarterly Global MNE Pulse Survey for the Third Quarter of 2020
title_short	The Impact of COVID-19 on Foreign Investors : Evidence from the Quarterly Global MNE Pulse Survey for the Third Quarter of 2020
title_full	The Impact of COVID-19 on Foreign Investors : Evidence from the Quarterly Global MNE Pulse Survey for the Third Quarter of 2020
title_fullStr	The Impact of COVID-19 on Foreign Investors : Evidence from the Quarterly Global MNE Pulse Survey for the Third Quarter of 2020
title_full_unstemmed	The Impact of COVID-19 on Foreign Investors : Evidence from the Quarterly Global MNE Pulse Survey for the Third Quarter of 2020
title_sort	impact of covid-19 on foreign investors : evidence from the quarterly global mne pulse survey for the third quarter of 2020
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/675271607503255200/The-Impact-of-COVID-19-on-Foreign-Investors-Evidence-from-the-Quarterly-Global-MNE-Pulse-Survey-for-the-Third-Quarter-of-2020 http://hdl.handle.net/10986/34924
_version_	1764481944081399808

The Impact of COVID-19 on Foreign Investors : Evidence from the Quarterly Global MNE Pulse Survey for the Third Quarter of 2020

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