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U.S. Slips in Global Competitiveness Ranking as China Shoots Up
The world's biggest economy dropped and Hong Kong seized first place
An American flag is displayed on the exterior of the New York Stock Exchange (NYSE) in New York on May 26, 2017.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The U.S. fell out of the top three in a global competitiveness ranking, as executives’ perception of the world’s biggest economy deteriorated after Donald Trump’s election.
The U.S. slipped one spot to fourth in an annual ranking published by the IMD World Competitiveness Center, a research group at IMD business school in Switzerland. It trails Hong Kong, Singapore and Switzerland. The U.S. last took top spot in the 2015 ranking.