The United States “dethroned” Hong Kong this week to take the top spot as the World’s most competitive economy; further signaling a robust US recovery under President Trump and the recently passed GOP tax cuts.
“The U.S. dethroned Hong Kong to retake first place among the world’s most competitive economies, thanks to faster economic growth and a supportive atmosphere for scientific and technological innovation, according to annual rankings by the Switzerland-based IMD World Competitiveness Center,” writes the new report.
The U.S. dethroned Hong Kong to retake first place among the world’s most competitive economies…
“The U.S., which reclaimed the No. 1 spot for the first time since 2015, scored especially well in international investment, domestic economy and scientific infrastructure sub-categories while earning below-average marks in public finance and prices,” adds the author.