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INVESTMENT in Ireland slumped to the lowest rate across the European Union in 2012.

Official figures show just 10pc of the value of all goods or services made in Ireland was being invested back in to the country, tumbling from more than 27pc at the peak six years earlier.

The collapse of the building boom was mostly blamed for the drastic fall to the bottom on the rankings, where Ireland was closely followed by Cyprus, Greece and the United Kingdom.

The EU average was 18pc, according to the figures.