Ireland has biggest fall in foreign investment among EU states

IRELAND saw the largest decline in the value of foreign multinational investment of any European Union country last year, according to a new report.

The Central Statistics Office’s Measuring Ireland’s Progress report, is a 102-page study of where Ireland ranks against its EU counterparts based on economic, social and environmental indicators.

The report shows that for 2008, disinvestment or a fall in capital investment in Ireland by overseas companies meant that foreign direct investment (FDI) represented 4.5% less of the nation’s GDP than it did the previous year.