Singapore has retained its position as the best business environment over the next five years, according to EIU’s latest business environment rankings for the second quarter of 2023. Canada and Denmark, with tied scores, follow closely behind, largely supported by strong levels of economic and political stability. Several west European countries plus the US, Hong Kong and New Zealand make up the remaining top 10 geographies.
Across Asia, Australia, Taiwan and South Korea also rank in the global top 20. As a region, Asia’s score for policy towards foreign trade is improving. This partly reflects the impact of regional free trade agreements (FTAs) adopted in the past five years, the effects of which will be reflected in our five-year forecast period…
