Cross border transfers level out

Foreign Direct Investment (FDI) is remaining flat as the year nears its end, after a long period of decline, according to the Organisation of Economic Co-operation and Development (OECD). The rate is still expected to fall this year, by around eight per cent, yet this is a significant improvement on the 43 per cent fall last year. Investment prospects for next year depend partly on whether countries avoid protectionism or conflict over foreign exchange policies, the OECD said.