The first economy in the world for the first time in ten years it has been Singapore, followed by Hong Kong.
Updated the ranking of world economies according to which the US has lost the title as the most competitive economy in the world, while Ukraine’s economy, by contrast, has risen, informs the website of the Swiss business school IMD. Total rating was attended by 63 countries.
It is reported that the U.S. economy has moved into third place in the ranking. The first economy in the world for the first time in ten years it has been Singapore, followed by Hong Kong, reports the online edition of the Chronicle.info with reference to the Correspondent.
The authors of the report note that the impetus for the growth of the Singapore economy has become an advanced technological infrastructure and a skilled workforce.
In addition, in Singapore, favorable immigration laws, and the creation of new businesses more efficiently than in other countries.
Hong Kong was in second place thanks to the tax, business law, and broad access to financing of enterprises.
It is noted that the States stayed in the rankings all year. Impetus to growth was the increase in confidence in the tax reform of U.S. President Donald trump, however, as emphasized by the experts of the business school, he “apparently dried up”.
While the United States continues to set the pace of the global economy, despite the fact that the economic situation in the country greatly suffered because of rising fuel prices and the weakening high-tech exports and fluctuations of the dollar.
For the first time in the top ten were two economies of the Middle East — Qatar and the UAE. Saudi Arabia rose by 13 positions — the largest jump of the year 26. She received the highest global rating on state investment in education.
Ukraine’s economy will slow the growth of the Ministry
Ukraine’s economy climbed five positions compared to last year and took the 54th place out of a possible 63. Among the countries of the former USSR is the highest rank in the Lithuania is 29 place, Kazakhstan — 34 position and Estonia — 35 line. Russia was on the 45 place.