Hungary trashed in global competitiveness report
The Swiss IMD business school has published its annual World Competitiveness Yearbook for 2008, slamming Hungary for its permanently poor economic performance, Napi Gazdaság reports. The survey compared 55 economies and bumped Hungary down three spots to 38th this year. While Hungary's competitiveness suffered a setback in the past year, most of its regional rivals climbed higher up the chart. Slovakia, for instance, which was only one notch above Hungary last year, widened its lead to eight spots in 2008 and is now ranked 30th. Meanwhile, the Czechs also moved up four places to 28th, while Slovenia accelerated past Hungary from 40th to 32th. Even Poland, which lags behind Hungary, managed to climb eight spots to 44th.
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