The Philippines is down 8 spots in the World Economic Forum's 2019 Global Competitiveness Report
The WEF measured 12 areas to come up with the overall ranking. These are:
While the country's infrastructure (96th) and institutions (87th) slightly improved, it is still among the lowest performers globally in these areas.
The country also suffered its sharpest drop in information communications technology adoption, falling by 21 places to 88th overall.
Macroeconomic stability (55th), financial system (43rd), business dynamism (44th), and innovation capability (72nd) suffered dips as well.
In Southeast Asia, the Philippines dropped to 6th place, overtaken by Brunei.
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The WEF measured 12 areas to come up with the overall ranking. These are:
- Institutions - 87th from 101st
- Infrastructure - 96th from 92nd
- Health - 102nd from 101st
- Labour market - 39th from 36th
- Information communications technology adoption - 88th from 67th
- Macroeconomic stability - 55th from 43rd
- Skills - steady at 67th
- Product market - 52nd from 60th
- Financial system - 43rd from 39th
- Market size - 31st from 32nd
- Business dynamism - 44th from 39th
- Innovation capability - 72nd from 67th
While the country's infrastructure (96th) and institutions (87th) slightly improved, it is still among the lowest performers globally in these areas.
The country also suffered its sharpest drop in information communications technology adoption, falling by 21 places to 88th overall.
Macroeconomic stability (55th), financial system (43rd), business dynamism (44th), and innovation capability (72nd) suffered dips as well.
In Southeast Asia, the Philippines dropped to 6th place, overtaken by Brunei.
Source: You do not have permission to view the full content of this post. Log in or register now.
