Romania has fallen 12 places in the latest annual global competitiveness ranking released by the Institute for Management Development (IMD) in Lausanne, Switzerland. The country now ranks 61st out of 70 assessed economies worldwide. This marks a significant drop in its position, indicating a decline in its competitive strengths. The IMD report assesses factors including economic performance, government efficiency, business efficiency, and infrastructure. Details regarding the specific reasons for Romania’s decline and the performance of other European nations were included in the full report. The ranking provides a yearly snapshot of national competitiveness, offering insights for policymakers and businesses. This year’s edition highlights which countries are most adept at adapting and thriving in the current global economic landscape.