Paul Murphy (Dublin South West, Socialist Party) | Oireachtas source

Obviously an amount of the 2007 level of investment was in construction, not all of which would be viable. Mr. McCarthy says that is the main reason for the scale of the collapse, but why are we still bumping along the bottom? Obviously, there was an uptick in investment but according to the latest quarter for which we have reports, it went down again slightly and certainly did not rise. Why is Ireland lagging behind? As a percentage of GDP, we are at the bottom or very close to it in terms of investment. What is Mr. McCarthy's analysis of that?