Competitive Economy

Competitive Economy 

The US has a Competitive Economy for First Time in a Decade According to the Wall Street Journall

The U.S. is back on top as the most competitive country in the world, regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum, which said the country could still do better on social issues. The top spot hasn't gone to the U.S. since the financial crisis stalled output and triggered a global economic slowdown.

America climbed one place in the rankings of 140 countries, with the top five rounded out by Singapore, Germany, Switzerland and Japan. All five countries' scores rose from 2017, with the U.S. notching the second-biggest gain after Japan's.

"Economic recovery is well underway, with the global economy projected to grow almost 4% in 2018 and 2019," said the report, published Tuesday by the organization that produces the Davos conference on global politics and economics. America's vibrant entrepreneurial culture and its dominance in producing a competitive labor market and nimble financial system "are among the several factors that contribute to making the U.S.' innovation ecosystem one of the best in the world," the report said.