The United States has climbed further up the ranks of the world’s most competitive economies, the World Economic Forum said in its annual report.
The world’s biggest economy climbed two positions in the competitive rankings, to grab third place behind Switzerland and Singapore—marking its second year of gains.
“U.S. companies are highly sophisticated and innovative, and they are supported by an excellent university system that collaborates admirably with the business sector in R&D,” the WEF said.
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