The United States is the “most competitive country in the world,” for the first time since 2008–the final year of the George W. Bush Administration.
According to the World Economic Forum’s rankings, not only did the United States take the top spot again–but it also posted the second-largest leap up the chart, showing the newfound energy of the Trump-era economy.
The Wall Street Journal explained the World Economic Forum’s rationale, writing: “The report scores countries on how closely they match up to the competitive ideal… The U.S. scored 85.6 out of a possible 100.”
They added, “America’s vibrant entrepreneurial culture and its dominance in producing a competitive labor market and nimble financial system ‘are among the several factors that contribute to making the U.S.’ innovation ecosystem one of the best in the world.’”
President Trump took to Twitter to highlight his economic record, writing:
Incredible number just out, 7,036,000 job openings. Astonishing – it’s all working! Stock Market up big on tremendous potential of USA. Also, Strong Profits. We are Number One in World, by far!
— Donald J. Trump (@realDonaldTrump) October 16, 2018