Singapore has dethroned to claim the title of the world’s freest economy?

  • A. Hong Kong
  • B. Singapore
  • C. France
  • D. New York

Correct Answer: A. Hong Kong

In a significant shift, Singapore has surpassed Hong Kong to claim the title of the world’s freest economy, marking the end of Hong Kong’s 53-year reign at the top. This shift is according to a report released by the Canadian think tank Fraser Institute. The Economic Freedom of the World Index, which has been tracking economic freedom since 1970, placed Hong Kong in second place for the first time.

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