By  on October 21, 2008

GENEVA — The U.S. retained the top spot as the world’s most competitive economy in 2008, in large part due to its strengths in innovation and labor market efficiency, a report by the World Economic Forum said.

The U.S. “is endowed with many structural features that make its economy extremely productive and place it on a strong footing to ride out business cycle shifts and economic shocks,” said the Oct. 8 report.

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