World's most competitive economy: US slips to 2nd

Denmark slipped two ranks to fifth. They were followed by Finland, Germany, Japan, Canada and the Netherlands.

SHOOT: Wonder where Korea is.

clipped from news.yahoo.com GENEVA – The United States has lost its place as the world's most competitive economy, mainly because of the financial crisis and accumulated fiscal deficits, according to a survey released Tuesday. The U.S. is second ranked in a poll of over 13,000 business leaders conducted by the Geneva-based World Economic Forum, behind Switzerland. Singapore is third and Sweden comes forth. "Given that the financial crisis originated in large part in the United States, it is hardly surprising that there has been a weakening of the assessment of its financial market sophistication," the survey said. "The country's greatest weakness continues to be related to its macroeconomic stability."