Switzerland takes first place in poll, followed by U.S. and then Singapore
GENEVA - The United States has lost its place as the world's most competitive economy, mainly because of the financial crisis and accumulated fiscal deficits, according to a survey released Tuesday.
The U.S. is second ranked in a poll of over 13,000 business leaders conducted by the Geneva-based World Economic Forum, behind Switzerland. Singapore is third and Sweden comes forth.
"Given that the financial crisis originated in large part in the United States, it is hardly surprising that there has been a weakening of the assessment of its financial market sophistication," the survey said. "The country's greatest weakness continues to be related to its macroeconomic stability."
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5 comments:
Took a Masters Degree to figure that one out,huh?
They have great government run health care too.
10:20 am - what a stupid comment. They (Switzerland) also are the country renowned for absolute confidentiality in finance that let the Nazi's hide the money stolen from the Jews and others they murdered, and which protects swindlers and drug dealers even today. They also don't step up to the plate to save anyone's ass when they are invaded by a neighboring dictator or when a natural disaster strikes. They also would not likely let you immigrate there and take part in their socialist experiment, and if you tried to get in illegally, you would be expeditiously deported.
It is easy to throw stones, but you really need to have a little depth to intelligently discuss such matters.
12:01 Why is it a stupid comment? Their health care is tops in the world, fact.
They have the best economy by selling all those army knifes.
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