Venezuela leads the rating of the most unfortunate economies of the world for the fifth consecutive year.

Bloomberg agency traditionally calculates a rating of the most unhappy world’s economies, taking into the account inflation and unemployment forecasts. Venezuela leads the score five years in a row with this year’s inflation level of uncredible eight million percent. The ‘least incompatible’ economies are Thailand, Switzerland and Singapore this year. However, Bloomberg has a certain method of calculating the unemployment rate, which makes that result in less impressive compared to the second place jump by Switzerland and Singapore’s stable third place in the rating. The United States and the United Kingdom had also improved their positions in the list, obtaining 13th and 16th place, respectively.

Bloomberg calculates its misfortune index with relation to low levels of inflationary pressure and unemployment as those factors are traditionally mentioned by citizens of every country as the most important when assessing the level of a comfortable life. In contrast to previous years, Bloomberg asked local economists for every country, but not used the official macroeconomic data to calculate the index and compose the rating. There is a positive divergence in that assumption as low prices levels might signal low consumption, and thus, a tough task for an employee to find a job. Russia had lost 17 positions in the rating due to the forecast of higher inflation levels as well as softer monetary policy in the nearest future. The traditional group of losers remained the same - Argentina, South Africa, Turkey, Greece and Ukraine joined Venezuela in the top of the list as most unfortunate economies in the world.
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