U.S. Drops To Seventh In World Competitiveness

English: Official logo of the World Economic Forum. (Photo credit: Wikipedia)

More good news for the U.S. Economy

Switzerland tops competitiveness league, U.S. slips again
By Tom Miles
GENEVA (Reuters) – Switzerland ranked as the world’s most competitive economy for the fourth year running, while the United States continued a four-year slide down the table, the World Economic Forum (WEF)said in its annual survey on Wednesday.

The study by the WEF, best known for running the annual meeting of world business leaders at the ski resort of Davos, ranks 144 countries by examining 113 indicators culled from official data sources and a poll of 15,000 executives who opine on the country where they do business.

Switzerland pipped Singapore to the top spot thanks to strong scores in areas such as innovation, labor market efficiency and effective public institutions.

The United States fell from fifth spot to seventh because of political and economic problems that detracted from its status as a global powerhouse of innovation, the study said.

Read more at Yahoo Finance.

How much more can this country take.