Singapore overtakes US as world's most competitive economy this year
Michelle Zhu • • 3 min read
SINGAPORE (May 29): Singapore has reclaimed its position as the world’s most competitive economy for the first time since 2010, according to the International Institute for Management Development's (IMD) 2019 World Competitiveness Report released to
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SINGAPORE (May 29): Singapore has reclaimed its position as the world’s most competitive economy for the first time since 2010, according to the International Institute for Management Development's (IMD) 2019 World Competitiveness Report released today.
Based on the annual rankings which score the 63 economies studied by IMD on over 230 indicators, Singapore rose from its No.3 global ranking in 2018 to overtake the United States’ top spot, while economic uncertainty took its toll on conditions in Europe such that the UK fell from 20th to 23rd place this year.
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