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.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 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

'Let's just have peace' - China urges Philippines to help stabilise ties as two sides meet
Asia’s air travel crisis risks spreading on Iran war’s jet fuel squeeze
Vietnam seeks priority passage for vessels through the Strait of Hormuz
Suicide cases surge in Philippine capital amid concerns over online gaming impact
Singapore man faces charges after 60 dogs and cats smuggled from Malaysia found in cramped cages
South Korea moves to curb social media algorithms for children
Brunei targets over two million air passengers by 2030
Laos issues heat warning as temperatures are expected to reach 40 degrees Celcius
42 travellers found with vapes, over 240 vaping devices seized at Singapore checkpoints within four days
Cambodia reduces import duties for EVs, electric stoves and solar devices

Others Also Read