Irish economy slips two places to 19th in world competitiveness rankings

IRELAND has become less competitive, slipping two places in global rankings and out of the top 20.

The World Competitiveness Yearbook 2010, published by Swiss business school Institute for Management Development, placed Ireland in 21st spot.

It said it will take more than 10 years for the country’s public debt load to become manageable. It believes Ireland’s national debt will not fall below 60% of GDP until 2021.