Banking system ‘least sound’ of 139 countries in world annual rankings
The WEF’s annual Global Competitiveness Report 2010/2011 rates Ireland as 117th in terms of ease of access to loans, 130th for the Government’s budget balance, and 128th for its flexibility of wage determination.
In terms of overall competitiveness, Ireland is ranked 29th, down from 25th last year and 22nd two years ago. The report says that Ireland’s decline is due to “a weakening macroeconomic environment as well as continuing concerns related to financial markets”.
