Ireland still more comptetive than UK in 2010

Sceala Clann Counsellor Location: Kent

All we get on the tv in England is how bad other countries are in comparison. Gordon Brown did -- and now the slimese twins do it hahahehe .Greece and Spain are always quoted as how lucky we are. Ireland is often quoted on tv here as being much worse than UK.
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slimese twins. We all know they are lying and the UK is bankrupt. The rich get richer. The old money still rule behind the security fences in broken Britain. Predictions by the World Competitiveness Yearbook say Ireland will take 10 years to get it right. They say the UK will be broken until 2084. The Irish should stop talking yourselves down so much. Things in Ireland are not as bad as some believe. Yes it must be tough -- but it could be a lot worse, you could be living in broken Britain. Think we should all emigrate to Australia anyways hahahehe -- one of my bros is already there -- he loves it.

Irish ranking drops in competitiveness survey
Ireland has dropped two places in a competitiveness ranking, which has also seen the US pushed from the top spot for the first time in decades by Singapore and Hong Kong.
The World Competitiveness Yearbook 2010, published by Swiss business school Institute for Management Development, gives Ireland a ranking of 21, down from last year's placing of 19.
Economists at the IMD say that it will take more than ten years for Ireland's public debt to become manageable. They say that Ireland endured its property and financial crisis earlier than other countries and has already implemented a recovery plan. They also point out that Ireland traditionally enjoys a strong export performance.
'However, its reasonable debt level at 64% will quickly deteriorate with a 14.3% budget deficit,' the IMD cautions.

The IMD says that the US has weathered the risk of the financial and economic crisis thanks to the sheer size of its economy, a strong leadership in business and and unmatched supremacy in technology.

It adds that Singapore and Hong Kong have displayed 'great resilience' during the current crisis and are now taking full advantage of strong expansion in the surrounding Asian area.

Germany (16) leads the larger 'traditional' economies such as the UK (22), France (23), Japan (27) and Italy (40).

As expected, China (18 ) leads the BRIC nations, followed by India (31), Brazil (38 ) and Russia (51). It notes that while China and India did not see a recession, Brazil and Russia suffered from a drop in commodity prices.

The top ten IMD rankings are:

1. Singapore (3)
2. Hong Kong (2)
3. USA (1)
4. Switzerland (4)
5. Australia (7)
6. Sweden (6 )
7. Canada (8 )
8. Taiwan (23)
9. Norway (11)
10. Malaysia (18 )

Also
21. Ireland (19)
22. UK

MD 2010 World Competitiveness Yearbook rankings
For the first time in decades, Singapore (1) and Hong Kong (2) have topped the USA (3) in IMD’s World Competitiveness Yearbook rankings. They are so close, however, that it would be better to define them as the leading “trio”. In the first 10 places: Australia (5), Taiwan (8 ) and Malaysia (10) also benefit from strong demand in Asia. Switzerland (4) maintains an excellent position characterized by strong economic fundamentals (very low deficit, debt, inflation and unemployment) and a well-defended position on export markets. Sweden (6) and Norway (9) shine for the Nordic model, although Denmark (13) surprisingly loses ground, in particular due to the pessimistic mood expressed in the survey.

Not surprisingly Germany (16) leads the larger “traditional” economies such as the UK (22), France (24), Japan (27) and Italy (40). Despite a significant budget deficit and growing debt, Germany’s performance is driven by strong trade (second largest exporter of manufactured goods), excellent infrastructure, and a sound financial reputation. It was also to be expected that China (18 ) would lead the other BRIC nations, followed by India (31), Brazil (38 ) and Russia (51). And of course the credit-worthiness storm that affects Southern Europe acts as a drag on the performance of Spain (36), Portugal (37) and Greece (46).

NEW! THE DEBT STRESS TEST
(When will nations revert to a “bearable” public-debt level of 60% of their respective GDP?)

The largest “old” industrialized nations – from Japan to the UK – will all suffer a debt curse, in the worst case lasting until 2084. Nowadays, budget deficits are soaring and it is estimated that the average debt of the G20 nations, for example, will climb from 76% of their combined GDP in 2007 to 106% in 2010. Although the “great recession” is over, the consequences of the crisis will continue to be felt for quite some time.

“The Debt Stress Test provides an early simplified indicator of the magnitude of the public debt issue for each nation,” states IMD Professor Stéphane Garelli, Director of the IMD World Competitiveness Center. “What matters is not only the absolute size of public debt but also the length of time required to absorb it. In the end, debt-stricken nations may suffer severe losses in competitiveness and standards of living.”
http://www.imd.ch/news/IMD-World-Competitiveness-Yearbook-2010-Rankings.cfm
UK economy in deep trouble.

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Ireland still more comptetive than UK in 2010

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