The FSA Spy market buzz – 24 November 2023
Fidelity Mutual conversions gather pace, Lithium’s shocking fall, NFTs come back from the dead, Fast cars and underperformance, Doing national service in China, Big three dominance fades and much more.
Hong Kong tops global competitive ranking
Hong Kong and Singapore ranked first and third as the most competitive countries in the world, with Switzerland coming in second, according to the 2017 IMD World Competitiveness Ranking.
The IMD World Competitiveness Centre, a research group at the International Institute for Management Development (IMD) business school in Switzerland, compiles the ranking using 260 indicators, about two thirds of which come from ‘hard’ data such as national employment and trade statistics.
The remaining third comes from more than 6,250 responses to an Executive Opinion Survey that measures the business perception of issues such as corruption, environmental concerns and quality of life.
This year 63 countries are ranked with Cyprus and Saudi Arabia making their first appearance.
Click through the slides above to see which countries ranked top and bottom and who made the biggest gains and losses.
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