The backdrop for today’s layoffs is a faltering American economy. Home builder confidence recorded the “biggest drop in history,” while retail sales fell 8.7% in March, what CNBC noted was “the most ever in government data,” and CNN Business reported that American factories’ output fell 5.4% in March, “their steepest one-month slowdown since 1946.”
Thailand was ranked 44th out of 126 countries in the 2018 Global Innovation Index (GIX). The country jumped forward seven positions in the ranking from the 51st in the 2017 report. The score has consecutively improved during 2014-2018.