The ability of the United States to compete on the global stage has fallen for the fourth year running as confidence in the country's politicians continues to decline, an annual survey from the World Economic Forum found Wednesday.
The Forum said the United States' ranking has dropped two places to seventh this year.
The United States improved its overall score from last year but slipped down the rankings as its improvement was outpaced by the Netherlands and Germany.
The report found that some aspects of the United States' political environment continue to raise concern among business leaders, "particularly the low public trust in politicians and a perceived lack of government efficiency."
The report said the biggest weakness for the country was its macroeconomic environment -- a combination of the nation's budget deficit, savings rate, inflation, government debt and credit rating.Switzerland topped the overall rankings of 144 economies in the Global Competitiveness Report 2012-13 for the fourth consecutive year, followed by Singapore.
The Forum hosts an annual gathering of global business and political leaders in the Swiss ski resort of Davos every January.
-- Combined wire services