Germany slips out of global competitiveness top 10: study

[BERLIN] Germany has slipped out of the top 10 most competitive economies in the world, falling two places to 12 from last year, a study by Swiss business school IMD showed on Monday.

The study, based on a worldwide survey of 5,400 managers assessing 342 criteria, showed that a diminished assessment of Germany's government and the economy's performance were the main reasons for the drop, IMD director Arturo Bris said.

"The biggest danger for Germany is self-satisfaction," mr Bris said. "If it rejects that, it will get back into the top ten." Hong Kong came top in the survey this year, followed by Switzerland and the United States.

REUTERS