The United States has slipped further down a global ranking of the world's most competitive economies, according to a World Economic Forum (WEF) survey released on Wednesday.
The world's largest economy, which was placed 5th last year, fell two positions to the 7th spot - marking its fourth year of decline.
A lack of macroeconomic stability, the business communityââ¬â¢s continued mistrust of the government and concerns over its fiscal health were some of the reasons for the downgrade, according to the annual survey.
http://www.cnbc.com/id/48905756
We're Number Seven! We're Number Seven!