Singapore rebounds to third spot in global competitiveness ranking

Singapore's recovery stemmed from huge improvements in the domestic economy, said the Institute for Management Development. - ST

SINGAPORE (The Straits Times/Asia News Network): Singapore has climbed two spots to become the world's third-most competitive economy, after falling from first to fifth place last year.

Denmark and Switzerland ranked ahead of Singapore in the Institute for Management Development (IMD) World Competitiveness Ranking, which released its latest list on Wednesday (June 15).