Worldwide Offices
With so much pressure on our economy, both internally and externally, to perform better, it’s interesting to gain a more objective viewpoint on exactly where we stand. Ireland ranked 29 in the World Economic Forum's (WEF) Global Competitiveness Report for the second year in a row but was placed last in the world on ability to balance the national budget. The WEF, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland, ranked Ireland last out of 142
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Many of the elite of international business and politics gather, each year, at the Swiss resort of Davos to feel each others' pulse. The World Economic Forum may attract "the great and the good", but as an event it is less staged than the great organised photocalls of statesmen and women gathered at a G8 or G20 event. This year, an energetic debate took place between some of the West's top bankers and a posse of regulators and economists led by the Chairman of Britain's Financial Services Authority, Lord Adair Turner and the French President Nicolas Sarkozy. It is no surprise that banking was at the top of the agenda. While talk of another Great Depression has disappeared, few anticipate a strong recovery in the countries most hit by the financial crisis.
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