Hungary slipped back in the rankings of global competitiveness

Switzerland leads the Global Competitiveness Ranking of the World Economic Forum for the fourth year, Hungary slipped back from the previous year's 48th place to the 60th – shows the “Global Competitiveness Report 2012-2013” study, published on Wednesday.

The situation has not changed on the second place. Silvers medalist is Singapore, followed by Finland, Sweden, the Netherlands and Germany with the United States on seventh. Great Britain is on the eight place, followed by Hongkong and Japan on the tenth place. (MTI)