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US drops 2 spots in global competitiveness ranking
Monday, September 10, 2012    
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The US falls to number 7 dropping behind Germany and the Netherlands

The United States has slipped further down a global ranking of the world's most competitive economies, according to a World Economic Forum (WEF) survey released on Wednesday.

The world's largest economy, which was placed 5th last year, fell two positions to the 7th spot - marking its fourth year of decline.

Read more: CNBC