Germany 5th in global competitiveness ranking
Germany remains the fifth most competitive economy in the world, according to the World Economic Forum’s latest Global Competitiveness Report. “The excellent performance of its innovation and business ecosystem is particularly noteworthy: Germany’s innovation capacity and business sophistication are assessed as 5th best in the world, supported by high levels of technological readiness (8th) and high-quality infrastructure (10th)”, states the report. Switzerland, the USA, Singapore, and the Netherlands top the ranking.
Find the report in English here.
For background, read the dossier Energiewende effects on power prices, costs and industry and the factsheet What business thinks of the energy transition.