07 Sep '11, 12pm

Survey: US falls to 5th in global competitiveness - Yahoo! Singapore Finance via @YahooFinance

Survey: US falls to 5th in global competitiveness - Yahoo! Singapore Finance via @YahooFinance

FILE - The June 8, 2011 file photo shows a woman changing Swiss francs to Euro at a counter in Kreuzlingen, Switzerland. The Swiss National Bank set a ceiling on the value of the country's strong currency on Tuesday, using what experts called a last-ditch "nuclear option" to protect its economy and keep exporters competitive. The bank said it would spend whatever it takes to keep the currency from strengthening beyond 1.20 francs per euro and indicated it might take more measures to weaken it further. (AP Photo/Keystone, Ennio Leanza) GERMANY OUT AUSTRIA OUT John Heilprin, Associated Press , On Wednesday 7 September 2011, 21:45 SGT GENEVA (AP) -- The U.S. has tumbled further down a global ranking of the world's most competitive economies, landing at fifth place because of its huge deficits and declining public faith in government, a global economic group said Wednesday. Th...

Full article: http://sg.finance.yahoo.com/news/Survey-US-falls-to-5th-i...

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