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The US has slipped further down a global ranking of the world's most competitive economies, landing at fifth place because of its huge debts and declining public faith in gov-ernment, a global economic group said Wednesday.
The announcement by the World Economic Forum(论坛)was the latest bad news for the Obama administration, which has been struggling to boost(振兴)the sinking US economy and lower an unemployment rate of more than 9 percent.
Switzerland held onto the top spot for the third year in the annual ranking by the Gene-va-based forum.
Singapore moved up to second place, bumping Sweden down to third.Finland moved up to fourth place, from seventh last year.The US was in fourth place last year, after falling from No.1 in 2008.
The rankings, which the forum has issued for more than three decades, are based on e-conomic data and a survey of 15,000 business executives(主管).
The forum praised the US for its productivity, excellent universities and flexible labor market.But it also cited“a number of increasing weaknesses”such as rising government debt and declining public faith in political leaders.
The results of a survey of 142 nations comes a day before Obama is preparing to deal with jobs issues in a speech to the US Congress, and just as US polls(民意调查)show a clear majority of those surveyed shy they disapprove of the way Obama is handling the economy.
Switzerland held onto its top ranking, the forum said, because of“continuing strong per-formance overall”with innovation, technological readiness, fair regulation and having one of the world'S most stable econoinic environments.
Germany, Europe's economic powerhouse, was sixth, followed by the Netherlands and Denmark.Japan came in ninth, and Britain was l0th.
The report looked at broader trends:While the US slipped,emerging markets gained improvement.China took 26th place, highest among major emerging markets; Brazil was 53rd; India was 56th; and Russia was 66th.