Saturday 28 March 2020 ,
Saturday 28 March 2020 ,
Latest News
  • No new coronavirus case reported in 24 hrs in Bangladesh:IEDCR
  • Rumors hampering fight against coronavirus in South Asia
  • Coronavirus crisis: Global death toll now 27,359
  • 5 killed in Tangail road crash
  • Trump signs $2 trillion recovery plan as US virus cases skyrocket
  • Mobile court’s punishment in Monirampur sparks huge
  • Coronavirus cases rise to 48 in Bangladesh
  • The new hot line number for coronavirus: 01944333222
10 October, 2019 00:00 00 AM
Print

Trade wars lose US its competitiveness top spot: WEF

AFP, Geneva

The United States fell to second place behind Singapore in the World Economic Forum's flagship Global Competitiveness Report, with the slippage linked in part to US President Donald Trump's trade

wars.

The Forum, organisers of the glitzy annual gathering of business and political elite in Davos, have released an annual competitiveness report since 1979 that assesses which economies are well placed to see productivity and long-term growth.

While the report noted that the US "remains an innovation powerhouse" and the world's second most competitive economy, some trouble signs have emerged, the Forum said.

"There are no two ways (about) it. It is important to ensure the countries are being open to trade," said Saadia Zahidi, a Forum managing director, when asked to comment on the impact of the tariffs imposed by the Trump administration.

She noted the lack of "hard data" on the impact of US tariffs imposed on several of its main economic partners, as the set of products impacted remains limited compared to overall trade.

But, she said, "the sentiment" surrounding investing in the US "has been going down," she told reporters in Geneva.

"That will end up impacting long-term investment; that will end up impacting how decision makers are thinking; that will end up impacting the view of non-American business leaders (of) the United States. So it does matter in the long-term," she added.

 

Comments


Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting