Singapore dethroned in world competitiveness rankings

Singapore fell from number one to rank five in IMD’s World Competitiveness Ranking, with its spot snatched up by Switzerland for the first time in IMD’s 33-year history.

IMD said that Singapore suffered significantly on an economic level during the pandemic, as it depends on the export and import of services and on people’s mobility. IMD added that though Singapore managed to top the economic performance factor, it fell to ninth in the global business efficiency and 11th in global infrastructure.

"It ran into problems with job losses, lack of productivity and the economic impact of the pandemic. Similar to other countries that declined, Singapore experienced a shrinkage in its economic activity, in particular, a sharp decline in employment growth, and a sizable worsening in public finances due to an increase in both government deficit and public debt,” IMD said.economic survey...there are many ways you can work with us to advertise your company and connect to your customers.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

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