Switzerland topples Singapore in IMD's world competitiveness ranking; first time in 33 years for the Swiss


A woman wearing a protective face mask passes the city skyline during the coronavirus outbreak (Covid-19) outbreak in Singapore June 10, 2021. - Reuters

MOSCOW, June 18 (Bernama): Switzerland has unseated Singapore as the world’s most competitive economy for the first time in the 33-year history of the Institute for Management Development (IMD)’s ranking.

"Switzerland has been competing with Singapore in recent years but the latter has suffered significantly on an economic level during the pandemic, as it depends on the export and import of services and on people’s mobility," the report found.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

N. Korea's Kim stresses shared bloodshed in New Year message to Putin
Woman killed, 26 injured in 50-vehicle expressway pile-up in Japan
Strong job market, wealth gains to underpin Singapore retail spending in 2026: Economists
Lively first day of MP registration in Bangkok as party leaders turn out in force
China sanctions 20 US firms over Taiwan arms sales
Indonesia grants Christmas remissions to over 16,000 prisoners, including graft convicts
Customs Dept seizes RM731,000 in contraband cigarettes and liquor in Sibu raid
Moderate earthquake hits southern Sumatra, no tsunami threat, says MetMalaysia
Foreign adoptions to end as UN presses govt on abuses
Tarique returns from exile ahead of polls

Others Also Read