When is a country’s economy “miserable”? When unemployment and inflation are high, says Bloomberg. In the Misery Index for 2015, Venezuela tops the list followed by Argentina, South Africa, Ukraine and Greece — the five most painful economies in which to live and work, according to a Bloomberg survey among 51 economies.
As for the euro zone: Greece is 5th, Spain is 6th, Portugal is 10th and Italy is 11th in this year’s ranking, though each show about average projected income levels relative to survey peers. Ireland is on place 16th.
The Index is based on a simple equation: unemployment rate + change in the consumer price index = misery.
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