A school from Switzerland made a new study. The study checks the economic strength of countries. Economic strength means: How well does a country do business? Singapore is now number 1. Hong Kong and Switzerland follow. Switzerland was on place 1 last year. High costs and less money from abroad cause this.
Germany falls back in the list. Germany is now on place 23. Last year, Germany was on place 19. Experts say: High taxes slow the economy down. Problems with trains and high prices are also bad.
Austria also loses many places. Austria is now on place 29. The administration works too slow. There is too much bureaucracy. That means too many rules and papers. Experts want fast help from politicians.
