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Financial flows resilient in 2020 but FDI drop to hit growth

Cross-border financial flows, including to emerging economies, held up well in 2020. We saw few signs of a repeat of the international credit crunch of 2008-2009, largely because of the successful efforts by policymakers to stabilise global financial markets. By contrast, the slump in global FDI flows last year is likely to have a negative effect on medium-term growth.

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