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US Economy Ranked #1 on Global Competitiveness Index

the staff of the Ridgewood blog

Ridgewood NJ, The U.S. economy has regained its status as the world’s most competitive , for the first time since 2008, according to the World Economic Forum’s Global Competitiveness Report. The U.S. scored 85.6 out of a possible 100. The World Economic Forum says the U.S. is the country closest to the “frontier of competitiveness,” an indicator that ranks competitive productivity using a scale from zero to 100.

“America’s vibrant entrepreneurial culture and its dominance in producing a competitive labor market and nimble financial system” partly explain its top ranking, the Global Competitiveness Report says.

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