When the going gets weird, the weird turn pro. - Hunter S. Thompson

26 September 2006

US loses top competitiveness spot

The US has lost its status as the world's most competitive economy, according to the World Economic Forum.

The US now ranks only sixth in the body's league table of global competitiveness, behind Switzerland, Finland, Sweden, Denmark and Singapore.
BBC NEWS | Business | US loses top competitiveness spot

So the obvious question is, why?

According to the WEF, the "fragile state" of public finances in the US... in other words, our out-of-control budget and trade deficits.

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