Hungary drops 5 places in IMD competitiveness ranking.

By bne IntelliNews May 19, 2011
According to the annual edition of the IMD World competitiveness yearbook, Hungary has lost competitive edge, dropping 5 positions to the 47th place over a year. The rankings, made for 59 economies around the world, are based on the assessment of the countries developments in four major areas - economic performance, government efficiency, business efficiency and infrastructure, which are further estimated by several sub-indices. Hungary ranked 44th in terms of economic performance (40th previously), 50th in terms of business efficiency (47th previously) and 52nd in terms of government efficiency (51st previously). On a regional scale, Hungary outperformed Slovakia (48th), but was 15 places behind Poland and 19 places behind the Czech Republic.
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