US economy tops competitive table

Flying the flag - the US has the world's most competitive economy

The US economy has remained the world's most competitive, despite the country's soaring trade deficit, a study says. Read original article

The world's biggest economy topped the rankings of 55 nations compiled in the Swiss-based IMD World Competitiveness Yearbook 2007.

Singapore was the second most competitive nation, moving up a place from last year, followed by Hong Kong, Luxembourg and Denmark.

Britain came in 20th place in the rankings, unchanged from 2006. Read more