The World Economic Forum (WEF) released its annual rankings of global economic competitiveness last month, and it turns out that the USA is no longer the most competitive global economy.
The World Economic Forum today released its annual rankings of global economic competitiveness, and Switzerland knocked the United States out of its No. 1 spot. The report blamed the United States’ slippage on “weaker financial markets and less macroeconomic stability.”
Meanwhile, some leading emerging markets like Brazil, India and China improved their competitiveness scores. Zimbabwe and Burundi were once again deemed the world’s least competitive economies. [link]
For the entire pdf document outlining the details of the study, and a full listing of the 132 countries, go here.