Cologny, Switzerland – WEF: U.S. Regains Crown As Most Competitive Economy For First Time Since 2008

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    Cologny, Switzerland – The U.S. economy sits atop of the World Economic Forum’s annual global competitiveness survey for the first time since the 2007-2009 financial crisis, benefiting from a new ranking methodology this year, the Swiss body said on Tuesday.

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    In its closely-watched annual Global Competitiveness Report, the WEF said the U.S. is the country closest to the “frontier of competitiveness,” an indicator that ranks competitive productivity using a scale from zero to 100.

    The U.S. beat off Singapore, Germany, Switzerland and Japan, the other top four markets, with a score of 85.6 out of 100, the report said, due to its “vibrant” entrepreneurial culture and “strong” labor market and financial system.

    The World Economic Forum, the same organization that runs the Davos meeting of global powerbrokers each January, bases its rankings of 140 economies on a dozen drivers of competitiveness, including a country’s institutions and the policies that help drive productivity.

    This year the WEF changed its methodology to better account for future readiness for competition, such as a country’s idea generation, entrepreneurial culture, and the number of businesses that disrupt existing markets.

    The last time the U.S. topped the list was 2008.

    The WEF said it was too early to factor in how the Trump administration’s recent trade policies would affect its ranking.

    “While it is too early for the data to filter through in this year’s report, we would expect trade tensions with China and other trading partners to have a negative impact on the US’ competitiveness in the future, were they to continue,” Saadia Zahidi, the managing director at the World Economic Forum, said in an email.

    “Open economies are more competitive.”


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    4 Comments
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    5 years ago

    What a shock ! Thank you president trump . Now is the time to fight these trade wars . When we are going strong there is more room to push us even stronger

    puppydogs
    puppydogs
    5 years ago

    Where is Hashomer today?

    Vvvvv
    Vvvvv
    5 years ago

    Well judging by all the years that have passed that were not successful for America’s, as cited in the article, it’s clear obama was a failure, as sane and honest people knew all along, but liberal liars deny. THANK YOU, PRES, TRUMP, GREATEST PRES. IN US HISTORY!!!