The United States’ competitiveness among global economies is rising again after four years of decline, though northern European countries continue to dominate the rankings published annually by the World Economic Forum.
In its latest survey, released Wednesday, the Forum ranked the U.S. ”” the world’s largest economy ”” in fifth place for overall competitiveness, up from seventh last year. The U.S. turnaround reflects “a perceived improvement in the country’s financial market as well as greater confidence in its public institutions,” the report concluded….
Six European countries dominated the top 10: Switzerland, Finland, Germany, Sweden, the Netherlands, and the United Kingdom. The remaining three slots were Asian: Singapore, Hong Kong and Japan.