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Singapore stays 2nd freest economy in world after HK

Gap between them widens to 0.8 point, from 0.2 point in 2015, in Index of Economic Freedom

Nisha Ramchandani

Published Tue, Feb 2, 2016 · 09:50 PM

Singapore

SINGAPORE has retained its position as the second freest economy in the world after Hong Kong in the 2016 Index of Economic Freedom.

Hong Kong also remained in top spot this year despite a one point dip in its score to 88.6, on the back of its open markets, robust property rights and highly competitive fiscal policies, the report said. Singapore had a score of 87.8, down 1.6 points.

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