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Singapore slips in global competitiveness rankings

Economists say high cost structure, talent attraction and regional competition are growing challenges

30142269.8 (37873419) - 25_03_2016 - pixgeneric.jpg
Singapore has fallen to fourth place - from third a year ago - on business school IMD's latest ranking of the world's most competitive economies.

Singapore

SINGAPORE has fallen to fourth place - from third a year ago - on business school IMD's latest ranking of the world's most competitive economies. This came as Hong Kong rose to top the annual scoreboard, unseating last year's leader, the US, to third place behind Switzerland.