THE country has become less competitive, dropping four notches to 52nd out of 64 economies in the latest global ranking by the International Institute for Management Development (IMD).

"The ranking decline came amid a deterioration in exchange rate stability, current account balance, tourism receipts, as well as faster inflation," the IMD said in a statement accompanying the release of its 2023 World Competitiveness Ranking report.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details