The World Economic Forum has just launched “The Global Competitiveness Report 2015-2016.” Switzerland continues to be the most competitive country worldwide for the sixth consecutive year, followed by Singapore in second place and United States in third.
In Europe, Spain, Italy, Portugal and France have made significant strides in bolstering competitiveness. Thanks to reform packages aimed at improving the functioning of markets, Spain (33rd) and Italy (43rd) climb two and six places respectively. Similar improvements in the product and labour market in France (22nd) and Portugal (38th) are outweighed by a weakening performance in other areas.
The Global Competitiveness Report 2015-2016 assesses the competitiveness landscape of 140 economies, providing insight into the drivers of their productivity and prosperity.
The full report can be found on the World Economic Forum webpage.