El blog de Maria

Spanish economy has recovered some of its competitiveness according to the World Economic Forum, rising from number 42 to number 36 in his last competitiveness report.  This report analyses 142 economies, being Switzerland in position number one.

This report mentions as main causes of this recovery:  higher use of technology of information, research and development investment strength and a bettering of innovation capacity. The authors add that deepening in the improvement of these three areas will be essential for the necessary economic transformation.

This institution establish that macroeconomic unbalances are on the root of the low competitiveness of Spain: high and growing public deficit, high level of public debt and very low saving level. This has caused a high level of anguish in its financial markets and kills the access to financial resources, which puts into risk future investment plans.

In the new edition of the ranking Spain is lose to countries like Puerto Rico (35) or Bahrain (37), it is over Italy ( 43), Portugal (45) and Greece (90), and far from European countries like Finland (4), Germany (6), Netherlands (7), Belgium (15), France (18) or Ireland (29)

Top posts are for Switzerland (1), Singapore (2), Sweden (3), United States (5), Japan (9) and UK (10)

"Patio", Conil, Spain, by anda-luz, at flickr.com