Brazil Fell Most in Global Competitiveness Rank as Economy Slips
- Country fell 18 spots to 75th place out of 140 nations
- Standing declined on weak economic performance and scandal
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Brazil fell more than any other country in the latest edition of the World Economic Forum’s Global Competitiveness Index as a widening budget gap and faster inflation make it harder to do business.
Latin America’s largest economy plunged 18 spots to 75th place out of 140 nations in the 2015-2016 edition of the report. It was in the top 50 in 2012.