The World Economic Forum has released its latest Global Competitiveness Report, showing the United States has fallen to fourth place.

Before Barack Obama became president, the United States was ranked first in the world.

"This disturbing news makes it clear that the administration and the Congress must take immediate action," said Marion C. Blakey, president and CEO of the Aerospace Industries Association. "We cannot risk falling further behind in today's competitive global economy."

Read more about the U.S. economic decline and what can be done to reverse the trend at the link below:

Steep Drop for U.S. in Competitiveness Rankings