The USA no Longer World’s most Competitive Economy

The US has surrendered its status as the world’s most competitive economy after being overtaken by China Hong Kong and Switzerland, according to the World Competitive Rankings released on Monday.

The sheer power of the economy of the US is no longer sufficient to keep it at the top of the ranking, which it has led for the past three years, the IMD World Competitiveness Center said in a statement.

The 2016 edition ranks China Hong Kong first, Switzerland second and the US third, with Singapore, Sweden, Denmark, Ireland, the Netherlands, Norway and Canada completing the top ten.





Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s