Experts from the world economic forum in Davos has published its latest rating of global competitiveness: Russia rose a couple of places, despite a significant deterioration of the macroeconomic situation. Top of Switzerland, Singapore and the USA. On the website of the WEF ranking is published in format PDF.
Russia improved its indicators of competitiveness, rising over the year by two points for finishing in 43rd place out of 138 countries.
After three leaders in the top ten countries included the Netherlands, has risen to fourth place by Germany, which moved from 4th to 5th position, Sweden (climbed from 9th to 6th place), Japan (down from 6 to 8th place), Hong Kong (moved to 9th place with 7) and Finland (dropped from 8th to 10th place). Among the assessed countries occupied Yemen.
UK, this summer, voted in favor of leaving the EU, according to the WEF study, rose to seventh place from tenth, marks RIA “Novosti”. The experts emphasize that the possible outcome of a Brexit in the current calculations into consideration were not taken.
Roberto Crotti, responsible for the Russian sector, commented on the results: “As we have seen, the competitiveness of Russia more or less stable compared to the previous year. But on one side we see a large drop in the macroeconomic environment (from 40 places to 91st), of course, inflation remains one of the main factors that hinder doing business in Russia. Other factors were the reduction in funds that the government can invest in improving competitiveness in the future. On the other hand, we see that Russia was able to intensify inside the country and other resources.
According to him, the improvements relate, primarily, the effectiveness of the internal market, which was also supported by the reform of the Russian legislation to allow the opening of a new business, and reduce bureaucratic problems for the market leaders. The expert also noted the improvement in the quality of education.
At the same time, the WEF noted that the financial sector of the Russian Federation continues to suffer due to low capital inflows due to falling oil prices and sanctions that reduce the opportunities for foreign borrowing.