CHANGE: U.S. Leapfrogs Singapore, Hong Kong to Win World’s Most Competitive Economy.

via Bloomberg:

“The U.S. dethroned Hong Kong to retake first place among the world’s most competitive economies, thanks to faster economic growth and a supportive atmosphere for scientific and technological innovation, according to annual rankings by the Switzerland-based IMD World Competitiveness Center. . . . The renewed top ranking aligns with the positive U.S. growth narrative over the past year. Growth averaged 2.9 percent in the four quarters through March, versus 2 percent in the prior period.”

Weird. What could account for such a major leap?

Completely, totally, 100% unrelated:

h/t GR

648 views