The United States is no longer the most competitive economy in the world and ranked second, according to the latest World Economic Forum competitiveness report.
Engulfed in a trade war with China, the United States has been swayed by Singapore, which has risen to the top of the global competitiveness. Washington thus pays the various open fronts with its trading partners, including China. According to the report's authors, Singapore has gained in competitiveness because the city-state has benefited from the tariff war between the two great powers.
Our Global Competitiveness Index 2019 is out now. Find out here: https://t.co/qGhvLBXD1L # gcr19 pic.twitter.com/fko7tWGjKcWorld Economic Forum (@wef) October 9, 2019
Since 1979, the World Economic Forum has published an annual ranking of the best-positioned economies in terms of productivity and long-term growth that sifts through 141 countries. This year, the third step of the podium returns to Hong Kong which has increased four places. Except that the ranking was established before major events and could not measure the economic impact.
Among the European countries, the Netherlands rose by two places, and are in fourth position. Conversely, Germany, whose economy skates, has won four ranks and now occupies the seventh position, better than France, which is the fifteenth. At the end of the ranking, we find the Democratic Republic of Congo (DRC), in 139th position, followed by Yemen (140th) and Chad (141st).
► Economic competitiveness: China and Singapore, in pole position