Zurich (awp) – In 2022, Switzerland lost its throne at the height of economic competitiveness to Denmark. The small northern kingdom has gained two ranks at once, winning in the fields of business, production efficiency and management practices, details Wednesday the periodic ranking established by the International institute for management development (IMD).
The Swiss performance remains robust, with a second place. The Confederation notably won the categories of government efficiency and infrastructure. Singapore completes the podium, thanks to significant progress in the areas of the domestic economy, employment and public finances in particular.
The “small” economies remain well represented at the top of the ranking, with Sweden, the Netherlands, Finland and Norway in the top ten.
The global economic environment has seen inflationary pressure further amplify the disruption generated by the coronavirus pandemic. The phenomenon of inflation, as well as geopolitical tensions, are now also overshadowing efforts to limit the environmental impact of economic activities.