RJ and Makay

According to the World Economic Forum, the U.S. has slipped to fourth place in the annual rankings of the world’s most-competitive economies amid a record budget deficit, while Switzerland moves to the top and is credited for its innovation and business culture.

The WEF study of 139 nations showed a number of escalating weaknesses lowered the U.S. ranking, with a lack of macroeconomic stability continuing to be the United States’ greatest area of weakness and a budget shortfall of more than $1 trillion and public distrust of politicians additional weaknesses in the world’s largest economy.