He said Thailand must accelerate economic restructuring to produce new products from 12 targeted industries as soon as possible to replace traditional industries. Thosaporn Sirisamphand, secretary-general of the National Economic and Social Development Council, said Thailand's ranking was the highest in 15 years. The IMD ranking is based on an evaluation of economic performance, government efficiency, business efficiency and infrastructure. Thailand's ranking improved from 10th to eighth in economic performance, 22nd to 20th for government efficiency, and 48th to 45th for infrastructure. Business efficiency fell from 25th to 27th.

Source: Bangkok Post May 29, 2019 23:48 UTC