Switzerland, USA, and Singapore lead the World Economic Forum's competitiveness ranking

Switzerland, United States, Singapore, NetherlandsandGermany occupythe top five positions in the global competitiveness ranking 2017-2018 (Global Competitiveness Index) that elaborates theWorld Economic Forum(WEF). The other five countries that complete the top ten positions on this list are, in this order,Hong Kong, Sweden, United Kingdom, JapanandFinland.Spainoccupies the 34th position in this ranking. The WEF report warns that, ten years after the global financial crisis, "the prospects for achieving a sustained economic recovery remain in jeopardy due to a widespread failure on the part of leaders and policymakers to implement the necessary reforms to underpin competitiveness and achieve the necessary productivity growth." The Global Competitiveness Index 2017-2018 thoroughly analyzes a total of 137 global economies.