Singapore overtakes the US as world's most competitive economy

World Economic Forum lowers rating on India and Indonesia

20191008 Singapore

Singapore is the world's most competitive economy, according to the World Economic Forum's annual ranking. It overtook the U.S., helped by its superior infrastructure and financial stability. © Getty Images

NANA SHIBATA, Nikkei staff writer

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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