The annual report on national global competitiveness is in, and it seems the United States has slipped again. The World Economic Forum placed the US at the 7th spot overall, falling from 5th in 2011.The highest rated nation, for the fourth consecutive year, was Switzerland, followed by Singapore and Finland. Both Germany and the Netherlands rated high enough this year to surpass the United States on the list.The report’s reason for the 7th place finish is the United States budget deficit and high national debt. Despite falling in the global rankings, the United States cumulative score did improved from last year’s report. For more news and analysis, follow us on twitter @fnnonline
