Hong Kong Regains Title of World’s Freest Economy
Hong Kong has reclaimed its title as the world’s freest economy, surpassing Singapore with a score of 8.58, according to the Fraser Institute’s Economic Freedom of the World report. This ranking marks a positive shift for Hong Kong, despite concerns about its declining economic freedom due to China’s influence. The report, released on October 18, 2024, places Singapore second and Switzerland third. Globally, economic freedom has declined for the third consecutive year. Hong Kong’s leadership, under John Lee, aims to restore its global financial image amidst growing external pressures.
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