BERN: Switzerland tops the overall rankings of 144 economies, followed by Singapore and the United States, said the Global Competitiveness Report 2014-2015 released by the World Economic Forum (WEF).
According to the latest flagship report, the top two economies remain unchanged compared to 2013-2014 rankings, with Switzerland holding the position as the most competitive economy for the sixth year running mainly due to its transparent and efficient institutions, well-functioning market and strong innovative powers.
BRICS economies presented a mixed performance, and China (28th, one place up compared to last year) continued to lead the group, ahead of Russia (53rd), South Africa (56th), Brazil (57th) and India (71st). The gap between China and India has widened from eight places in 2006 to 43 today.
