US Slips Down the Ranks of Global Competitiveness - CNBC - Asia Business News - CNBC
The United States has slipped further down a global ranking of the world's most competitive economies, according to a World Economic Forum (WEF) survey released on Wednesday.
The world's largest economy, which was placed 5th last year, fell two positions to the 7th spot - marking its fourth year of decline.
A lack of macroeconomic stability, the business communitys continued mistrust of the government and concerns over its fiscal health were some of the reasons for the downgrade, according to the annual survey.
ALL due to obama.
The United States has slipped further down a global ranking of the world's most competitive economies, according to a World Economic Forum (WEF) survey released on Wednesday.
The world's largest economy, which was placed 5th last year, fell two positions to the 7th spot - marking its fourth year of decline.
A lack of macroeconomic stability, the business communitys continued mistrust of the government and concerns over its fiscal health were some of the reasons for the downgrade, according to the annual survey.
ALL due to obama.
