WEF: Competitiveness index: Switzerland slips further – Switzerland

Switzerland is back in the annual competitiveness index of the World Economic Forum (WEF). After losing in 2018, for the first time since 2009, her first place, she lost a rank and is 5th. The effectiveness of trains is particularly questioned.

Last year, the decline of three positions in Switzerland was explained by a new methodology that put the United States ahead by taking into account new criteria such as new technologies or social capital. The country of President Donald Trump is this year overtaken by Singapore in the index unveiled Wednesday, because of the effects of trade tensions with China.

States that "focus" on infrastructure, skills or innovation in their economic policies "are more successful," said WEF President Klaus Schwab. According to the report, productivity and sustainability are very different between some countries with the same competitiveness.

The size of the penalizing Swiss market

Unlike 2018, when the absolute value of its result remained the same, Switzerland lost 0.3 points. However, it comes first in two of the 13 axes, while it did not reach this position in 2018.

Switzerland outperforms 140 other countries in terms of economic stability and skills. On the other hand, it is penalized by the size of its market, a criterion where it occupies only the 39th position.

First for the Internet

Among more than 100 sub-indicators, Switzerland is mainly looking at the rate of Internet subscriptions on fixed devices or the dynamics of the debt. On the other hand, it dropped from 1st to 3rd place on train efficiency. Switzerland is again pinned for the complexity of its tariffs, but also on the regulation of conflicts of interest or the tax rate of labor.

Among the other top ten territories, Hong Kong is third, ahead of the Netherlands. Behind Switzerland, Japan leads Germany, Sweden, Great Britain and Denmark.

More broadly, the WEF notes that most economies still face non-existent or low growth in production. Those who have invested in human capital, the improvement of institutions, the dynamism of business or the capacity for innovation will be better placed to revive it, adds the organization. (Ps / nxp)

Created: 09.10.2019, 00:26