UK soars above China in major economic ranking Brexit boost praised City & Business Finance

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The International Institute for Management Development (IMD) said Brexit may have given the UK a competitive edge, creating the “sentiment of a business-friendly environment in the making”. The UK ranked 20th on the business efficiency measure, compared to 31st least year. Trending The world’s second largest economy, China, sits at 20th place, having slipped down by six places since last year. The United States also lost ground, sinking from third place in 2019 to 10th place this year. In the past year, China and the US have been locked in an intense trade war, only signing a phase one pact...