U.S. competitiveness
The U.S. has for the first time in over three decades dropped out of the top five of the world's most competitive economies, according to rankings compiled by the IMD business school in Switzerland. Two years ago it was at #1; now it's at #10. Why? The drop is largely due to President Trump's trade policies, which have made the U.S. economy less open while also massively increasing public expenditure, thanks to things like the agriculture bailout necessitated by the trade war with China. Fortune
The U.S. has for the first time in over three decades dropped out of the top five of the world's most competitive economies, according to rankings compiled by the IMD business school in Switzerland. Two years ago it was at #1; now it's at #10. Why? The drop is largely due to President Trump's trade policies, which have made the U.S. economy less open while also massively increasing public expenditure, thanks to things like the agriculture bailout necessitated by the trade war with China. Fortune
