Singapore loses top spot for business-friendliness to Finland

Finland has eclipsed Singapore as the world’s most business-friendly place – but the environment for doing business will worsen in many places because of the crisis, a new survey shows.

Of 82 economies surveyed by the Economist Intelligence Unit for its business environment rankings, conditions are expected to worsen in more than half. And for the first time since the survey was launched in 1996, the average score for the economies surveyed has fallen — dropping from 6.47 to 6.41 out of 10.

The survey measures the business environment based on 91 indicators covering macroeconomic conditions, politics and policy on taxes, the labour market, investment and infrastructure.

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