Wednesday 28 September 2016

Europe's competitiveness is under threat - unless it tackles these obstacles to prosperity (Gaëlle Marti, Silja Baller, WEF)

Europe is pushing the competitiveness frontier in many ways, as illustrated by thelatest edition of the Global Competitiveness Report, the World Economic Forum’s annual assessment of the drivers of productivity and prosperity in 138 countries. Indeed, the Europe region - which includes the EU28, Iceland, Norway, Switzerland, the Balkans, and Turkey - performs well above the global average in terms of competitiveness. This result is driven by the performance of several regional champions, most notably Switzerland, which leads the global rankings for the eighth consecutive year, as well as seven more European countries in the top 12: the Netherlands (4th), Germany (5th), Sweden (6th), the United Kingdom (7th), Finland (10th), Norway (11th), and Denmark (12th).

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