Singapore leapfrogs Hong Kong and US to become world’s most competitive economy

May 29, 2019


Singapore leapfrogged Hong Kong and the US to take the top spot among the world’s most competitive economies for the first time in nine years.

The city state’s advanced technological infrastructure, availability of skilled workers, favourable immigration laws, and efficiency for starting businesses supported its rise to the No 1 spot, the Switzerland-based IMD Business School said in its annual rankings.









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