Bulgaria ranked 59th in the world as far as its economic growth prospects are concerned. Finland roared from sixth place last year to become the world`s most competitive nation, knocking the United States out of the top spot, according to a survey released during the week. The 352-page report, prepared by Harvard University professors Jeffrey Sachs and Michael Porter and the World Economic Forum, was designed to forecast high rates of economic growth. The report combines existing economic data of about 75 countries with the results of a survey of 4,600 business executives. The executives provide opinions about economic factors for which there is no reliable data - efficiency of government institutions, the strength of local supplier networks and the nature of competitive practices.

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