Denmark overtook Switzerland as the most competitive economy in the world as the Nordic country improved its performance during the pandemic.
Denmark climbed from third place last year to first in 2022 for the first time in 34 years that the IMD Business School publishes the Global Competitiveness Ranking, according to an announcement.
“Denmark is the most digitally advanced country in the world and now holds the top spot thanks to good policies, the benefits of being a European country, a clear focus on sustainability and a push from its flexible corporate industry,” he said. Arturo Bris, Professor at IMD Swiss University.
Along with the other Nordic countries, the Danish economy did better during the lockdowns than most of its wealthy counterparts, mainly due to strong social security networks, low debt levels and digital progress, as well as lower dependency. from tourism.
Unemployment in Denmark is at its lowest level in 14 years and GDP is likely to grow by 3.4% in 2022.
Source: Capital
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