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AAP
AAP
Business
Jacob Shteyman

Australia slides down economic competitiveness rankings

Australia Andrew Leigh Labor
Australia's weak productivity has resulted in a drop in its international economic standings. (Dave Hunt/AAP PHOTOS)

Poor productivity and economic growth are dulling Australia's competitive edge and sending it sliding down an international economic leaderboard.

Australia fell five spots to 18th place in the latest World Competitiveness Yearbook report, released by the Swiss-based Institute for Management Development on Tuesday.

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