Number One Again: US Restores Top Ranking As Most Competitive Global Economy, As Democrats Fret
Guy Benson @guypbenson | Posted: Jun 05, 2018 1:40 PM
US voters will differ sharply on whether President Trump has 'made America great again,' but the economy over which he's presiding is undeniably on the upswing -- with several of his key policies playing essential roles in that comeback. The latest piece of data that fortifies America's renewed economic vigor is a surge in international competitiveness, as measured by a closely-watched annual ranking from a Switzerland-based think tank. Following tax reform's burst of hiring and growth, the United States has 'leapfrogged' back into the top slot (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 U.S., which reclaimed the No. 1 spot for the first time since 2015, scored especially well in international investment, domestic economy and scientific infrastructure sub-categories while earning below-average marks in public finance and prices. 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.
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READ MORE: https://townhall.com/tipsheet/guybenson/2018/06/05/were-number-one-us-restores-top-ranking-as-most-competitive-global-economy-n2487525
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