Ireland has risen nine places to seventh out of 61 countries in the 2016 IMD World Competitiveness Yearbook.

The IMD survey is a closely watched report published by the Swiss business school since 1989.

It compares countries based on both statistics available from a range of domestic and international sources and a survey of global executives.

It ranked Ireland first for growth in GDP or annual economic output, flexibility and adaptability of people and finance skills.

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