WEF hails ‘dynamic’ US economy
The methodology shift helps the US unseat Switzerland, which has spent nearly a decade at the top of the WEF ranking
Geneva — The US has the world’s most competitive economy, a World Economic Forum ranking showed Wednesday, but inequality and health problems including obesity took a toll on its score. “The US tops the 2018 rankings, confirming its status of most competitive economy in the world,” the WEF said in its annual Global Competitiveness Report. The organisation that hosts the annual Davos pow-wow of business and political elites said it used a new methodology for the 2018 edition of the report to reflect shifts in a world increasingly transformed by new, digital technologies. The methodology shift helped the US unseat Switzerland, which had spent nearly a decade at the top of the WEF ranking. In Wednesday’s report Switzerland found itself in fourth place, after the US, Singapore and Germany. This year’s report studied how 140 economies fared when measured against 98 indicators organised into 12 pillars, including institutions, infrastructure, macroeconomic stability, business dynamism and...
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