Reported about 1 year ago
On June 18, 2024, the IMD World Competitiveness Yearbook was released by the Institute for Management Development (IMD) in Lausanne, Switzerland. Taiwan ranked 8th out of 67 countries, a decline of two places from last year, ending a streak of five years of improvement. The report highlighted a significant drop in economic performance, with Taiwan falling from 20th to 26th place in that category. Despite some areas of improvement in government effectiveness, Taiwan faced challenges including global inflation, interest rate environment, weak export demand, and cautious investment momentum. The overall competitiveness evaluation serves as a comprehensive assessment of Taiwan's economic and social system, urging the government to continue improving policies in response to the findings.
Source: YAHOO