EU countries slip in global competitiveness ranks

European countries are slipping down the ranks in terms of global competitiveness, according to an independent study published on Thursday (6 May).

The World Competitiveness Yearbook - published by leading business school IMD in Switzerland - ranks 60 countries and regions according to 323 categories that contribute to a competitive economy.

And the ranking makes disappointing reading for Europe. According to the report, the top six countries are the US, Singapore, Canada, Austr...