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Singapore retains top spot in annual IMD ranking of economic competitiveness

The Edge Singapore
The Edge Singapore • 2 min read
Singapore retains top spot in annual IMD ranking of economic competitiveness
PM Lee calls this a "spot of good news" but warns Singapore not to be carried away
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SINGAPORE (June 16): Singapore has retained its number one position as the world’s most competitive economy for the second year in a row, according to a long-running ranking.

However, Prime Minister Lee Hsien Loong, while calling this a “spot of good news”, warns that Singapore should not be carried away. He warns that tough challenges remain as the economy grapples with the Covid-19 fallout.

“They do give some confirmation that we are on the right track,” says Lee.

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