Ireland slips in competition table

IRELAND has slipped from 11th to 24th in the last year in terms of growth competitiveness, the latest World Economic Forum’s Global Competitiveness Report 2002-2003 shows.

Meanwhile, the United States is the most competitive economy in the world, according to the report. Ireland swapped places with Finland, last year’s top-ranked country.

The drop in ranking means a relative decline in Irish growth prospects, according to the Department of Economics, UCC, which is a Partner Institute of the World Economic Forum.