Very few executives could have predicted a virus originating in China would lead to worldwide economic devastation in 2020. Just four months after the first official reports of the COVID-19 outbreak in Wuhan, more than three million cases have been confirmed globally, and with this comes exponential economic unrest.
The pandemic could possibly trim global economic growth by 2% while global trade is predicted to plummet by up to 32%, according to Congressional Research Service.
Stock market uncertainty and businesses facing unprecedented challenges, many of which won’t be known until the peak of the health crisis hits, makes for a suitable time to look at the best places to invest.
The world’s best countries to invest in or do business in for 2020 have been revealed by CEOWORLD.
The study analyzed 80 countries according to business and investment environments. Corruption, freedom, workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness were among the factors taken into consideration.
Singapore topped the list for the 2020 edition as the most attractive nation for investors and businesspeople.
The UK was ranked second followed by Poland, Indonesia, and India; however, it’s important to note the results do not take into consideration the current pandemic and any effects the health crisis may have on the economy.
Comparatively, Iran was ranked 80th on the list, just below Saint Lucia, Dominica, Grenada, Saint Kitts, and Nevis, and Antigua and Barbuda.
The rankings had Australia in sixth place, followed by the Philippines, the United States, Malaysia, and the Czech Republic. The United Arab Emirates, Germany, China, and Japan ranked 12th, 16th, 31st, and 32nd, respectively, among the world’s best countries to invest in or do business for 2020.
The 2020 edition of the report in which CEOWORLD magazine ranks and analyzes 80 countries according to their business and investment environment. CEOWORLD magazine thinks that ease of doing business and people (investors & skilled employees) mobility play strategic roles.
Article Source: https://www.theceomagazine.com/business/finance/countries-invest/?fbclid=IwAR047DbUMGG9UEY-plwJPnPbFtSyXVMtcMCD8-x0NxywEUAy6vIqtbHRrJ8