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Economy

Singapore overtakes the US as world's most competitive economy

World Economic Forum lowers rating on India and Indonesia

TOKYO -- The World Economic Forum rates Singapore as the world's most economically competitive country, while Asia's big economies, including India and Indonesia, fell in the annual ranking.

The "Global Competitiveness Report 2019," published on Oct. 9, had the Southeast Asian city-state overtaking the U.S. to reach the top spot among 141 countries and regions. Singapore headed the list in infrastructure, including road quality and the efficiency of its ports and airports.

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