Australia’s competitiveness drops to lowest level in 25 years – » The Australian Independent Media Network

Australia’s competitiveness drops to lowest level in 25 years: WCY 2021 Australia has fallen four places to 22nd in a global ranking of the competitiveness of 64 nations released today. It is Australia’s worst result in 25 years. CEDA Chief Economist Jarrod Ball said our performance in the IMD World Competitiveness Yearbook 2021 showed we could not afford to stand still, despite our early success in managing the COVID-19 pandemic and recent strong economic recovery. “Australia cannot waste any time getting match-fit for the post-pandemic era,” Mr Ball said. “The rankings show business will need to do a lot of the heavy lifting, with business efficiency leading Australia’s slide in the rankings, driven by a lacklustre 58th place for management practices. “We are among the lowest-ranked of 64 nations on company agility, entrepreneurship, customer satisfaction and credibility of managers.

Source: Australia’s competitiveness drops to lowest level in 25 years – » The Australian Independent Media Network