Switzerland Keeps Crown as Most Competitive Economy

by swisscham in Business

Switzerland has kept its title as the world’s most competitive economy for the fifth year running, though it needs to resist any temptation to protect its core banking sector if it wants to stay top, the World Economic Forum said on Wednesday. The Geneva-based body, most famous for gathering politicians and billionaires at an annual shindig in the Alpine resort of Davos, said the same economies made the top 10 as last year, but in a different order. China remained in 29th place and again led the BRICS pack, while Indonesia climbed 12 places to 38th, helped by a 17-place jump in infrastructure and other advances.

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