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The Most Competitive Economy in the World: The United States Dethroned from First Place

Following the World Economic Forum’s recent report on competitiveness, it has been noted that the United States is no longer the most competitive economy in the world. This place is now in Singapore. Donald Trump’s country now ranks second in the world.

According to RFI , this would be justified by the fact that the United States has been plunged for several years into a trade war with China. As a result, the Trump country has been swayed by Singapore in terms of competitiveness. Washington thus pays the various open fronts with its trading partners, including China.

The authors of this report explain that Singapore has gained competitiveness because the city-state has benefited from the tariff war between the two great powers.

 

Since 1979, the World Economic Forum has published annually the ranking of best-performing economies for long-term productivity and growth. The ranking is about 141 countries. This year, the third step of the podium returns to Hong Kong, which has risen four places.

In the case of European countries, the Netherlands has increased by two places and is in fourth position. However, Germany with its economy unstable for some time, fell by four places. It now occupies the seventh position, better than France, which is in fifteenth place.

At the end of the ranking, we find the Democratic Republic of Congo (DRC), in 139th position, followed by Yemen (140th) and Chad (141st).

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Written by How Africa

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