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The US overtakes Hong Kong to rank first among world’s most competitive economies

The Conversation

The US has broken back into the lead. shutterstock.comThe US has leapfrogged Singapore and Hong Kong to top IMD’s latest World Competitiveness Rankings. The top five most competitive economies in the world remain the same since 2016, but their order has changed. With the US at the top, Hong Kong has dropped one spot to second and Singapore remains third. Germany has fallen two spots to 15th and the UK has slipped one position to 20th.

We compile the rankings using 258 indicators. Hard data such as national employment and trade statistics are weighted twice as much as the soft …read more

Source: The Conversation

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