GENEVA – The United States has lost its place as the world's most competitive economy, mainly because of the financial crisis and accumulated fiscal deficits, according to a survey released Tuesday.
The U.S. is second ranked in a poll of over 13,000 business leaders conducted by the Geneva-based World Economic Forum, behind Switzerland. Singapore is third and Sweden comes forth.
"Given that the financial crisis originated in large part in the United States, it is hardly surprising that there has been a weakening of the assessment of its financial market sophistication," the survey said. "The country's greatest weakness continues to be related to its macroeconomic stability."
Switzerland has overtaken the U.S. because its economic performance has been "relatively stable," the survey said. Swiss financial markets have "weakened somewhat," it said, citing difficulties for banks.
Answer by Anonymous at 8:48 AM on Sep. 8, 2009
Answer by Anonymous at 8:55 AM on Sep. 8, 2009
Answer by grlygrlz2 at 8:56 AM on Sep. 8, 2009
He's so quick that Obama, in only 9 months he managed to knock the U.S. out of it's Number 1 postion.
LOL..Obama did that???
Answer by sweet-a-kins at 9:00 AM on Sep. 8, 2009
Answer by Anonymous at 9:05 AM on Sep. 8, 2009
Answer by sweet-a-kins at 9:09 AM on Sep. 8, 2009
Answer by Anonymous at 9:14 AM on Sep. 8, 2009
Answer by momtokate at 9:40 AM on Sep. 8, 2009
isn't ONLY Bush...this has been coming for YEARS ** priot to Bush it was..............Clinton. And ok, it's been over 7 months, in 9 months when we are number 3 are you going to take responsibility then? Or are you going to cry..." it's only been 9 months".........? You're good!
YEARS meaning for the past 30!!! Read something and get educated
Answer by sweet-a-kins at 9:51 AM on Sep. 8, 2009
Answer by Anonymous at 9:59 AM on Sep. 8, 2009