Rising prices are more of a threat to the global economy this year than joblessness, according to Bloomberg’s Misery Index, which sums inflation and unemployment outlooks for 66 economies.
The Misery Index has examined inflation and unemployment outlook in 66 economies The Index ranks Greece in tie with Turkey on position 5 with ‘misery value” 20.6 points.
In 2017, Greece occupied rank “6” with 22.7 Misery Value.
Venezuela marks its fourth year as the world’s most miserable economy, with a score that’s more than three times what it was in 2017.
The Bloomberg Misery Index relies on the age-old concept that low inflation and unemployment generally illustrate how good an economy’s residents should feel. Sometimes, of course, a low tally can be misleading in either category: Persistently low prices can be a sign of poor demand, and too-low joblessness shackles workers who want to switch to better jobs, for instance.
Paying back the banksters is what is important, right?