According to the survey by IMD World Competitiveness Centre, mentioned that the UAE and Qatar have been ranked among the world's top 15 most competitive economies. Qatar maintained its position but UAE's ranking slipped to 9 as compared to last year.
Singapore, Sweden, Denmark, Ireland, the Netherlands, Norway and Canada made up the rest of the top 10. The research found that, Asia's competitiveness has declined markedly overall since the publication of last year's ranking.Taiwan, Malaysia, Korea Republic, and Indonesia have all suffered significant falls from their 2015 positions.
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