THE Philippines dropped 10 notches in the global competitiveness ranking, sliding to 57th place from last year’s 47th based on the latest World Economic Forum-Global Competitiveness Report. “It is, of course, disappointing to experience this fall in spite of all efforts to improve competitiveness. The Global Competitiveness Report provides a comprehensive picture of productivity and competitiveness by gathering statistical and survey data on over 114 indicators grouped into 12 pillars across 138 countries. The report is the most widely-read comprehensive assessment of national competitiveness worldwide. In the 2016 report, Philippines dropped in eight of the 12 pillars of the survey.

Source: Manila Times September 28, 2016 17:15 UTC