Germany has slipped out of the top 10 most competitive economies in the world, falling two places to 12 from last year, a study by Swiss business school IMD showed on Monday.
The study, based on a worldwide survey of 5,400 managers assessing 342 criteria, showed that a diminished assessment of Germany's government and the economy's performance were the main reasons for the drop, IMD director Arturo Bris said.
"The biggest danger for Germany is self-satisfaction," Bris said. "If it rejects that, it will get back into the top ten."
Hong Kong came top in the survey this year, followed by Switzerland and the United States.
Space X owner and Argentine President Javier Milei meet at Tesla headquarters
Finance Minister briefs Prime Minister about his scheduled meetings with IMF, World Bank officials in US
Amazon is less than 2% away from crossing $2 trillion mark
UN report sheds light on the human cost of poverty in Myanmar, calling for immediate intervention
Pakistan successfully completing its existing $3 billion programme, says IMF chief
Awais Leghari attributes reduction in power tariff to PM Shehbaz Sharif’s directives for relief to masses