Switzerland keeps crown as most competitive economy, Singapore in second place
GENEVA (REUTERS) - Switzerland has kept its title as the world's most competitive economy for the fifth year running, though it needs to resist any temptation to protect its core banking sector if it wants to stay top, the World Economic Forum said on Wednesday.
The Geneva-based body, most famous for gathering politicians and billionaires at an annual shindig in the Alpine resort of Davos, said the same economies made the top 10 as last year, but in a different order.
Singapore and Finland remained in second and third place respectively in the Forum's annual Global Competitiveness Report.
Germany, the United States, Hong Kong and Japan all edged up while Sweden, the Netherlands and the United Kingdom all slipped by two or three notches.