How competitive has the United States become?
This competitive, as reported by Joanna Sugden of the Wall Street Journal:
The U.S. is back on top as the most competitive country in the world, regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum, which said the country could still do better on social issues.
America climbed one place in the rankings of 140 countries, with the top five rounded out by Singapore, Germany, Switzerland and Japan. All five countries’ scores rose from 2017, with the U.S. notching the second-biggest gain after Japan’s.
The top spot hasn’t gone to the U.S. since the financial crisis stalled output and triggered a global economic slowdown.
“Economic recovery is well underway, with the global economy projected to grow almost 4% in 2018 and 2019,” said the report, published Tuesday by the organization that produces the Davos conference on global politics and economics.
I know that I’m supposed to thank Barack Obama for this, since he and other Democrats seem to think he is the source of all good news during the Trump presidency. But – call me obtuse if you’d like – I can’t help thinking that President Trump’s landmark tax legislation and renegotiations of trade deals just might have had a little to do with it.
Agree? Disagree? Your call.