Swiss trump US in competitiveness

The US's weakening financial markets contributed to its decline, while the UK has slid for the second year running, coming in 13th place, according to the forum's Global Competitiveness Report 2009-2010. The report uses publicly available data and a survey of 13,000 business leaders across 133 economies to calculate its rankings. European economies dominate the top ten, which includes: Sweden, Denmark, Finland, Germany and the Netherlands. France was ranked 16th, Spain 33rd and Italy 48th. The report praised Switzerland's "excellent capacity for innovation and a very sophisticated...