Thursday, November 4, 2010

US and United Kingdom Lead Financial Development Index Despite Weaknesses; Risks in Emerging Markets Highlighted

  • The US and United Kingdom manage to hold top spots ahead of Asian financial centres Hong Kong and Singapore
  • Developing countries continue to show financial stability, but other risks could jeopardize economic growth
  • Global economic growth continues to rely disproportionately on emerging markets
  • Report analyses 57 financial systems and capital markets around the world

New York, USA, 4 November 2010 – The United States and the United Kingdom managed to take the top spots despite stagnant or weakening scores in the World Economic Forum’s third annual Financial Development Report released today. Weak scores in financial stability for both countries appeared to impact the United Kingdom more with an appreciable decline in its overall score and a drop from the top spot in last year’s rankings. Their rankings were supported by greater relative declines in other countries’ scores.

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