What are the most and least miserable economies in the world

Projected inflation in Venezuela this year will reach a surprising 8,000,000%, which, added to other ills, makes the Caribbean economy the most miserable in the world, reported Bloomberg.

For the fifth year in a row, the oil nation leads the Bloomberg Misery Index, which measures the inflation and unemployment prospects of 62 countries.

Behind the country ruled by Nicolás Maduro's regime, Argentina appears again. It fell by 51.4% from the perspective of the recognized international media, with South Africa (32.3), Turkey (30.2), Greece (19.2) and Ukraine (17.3).

Uruguay and Brazil are the other two South American countries that also figure in the top 10, while Spain and Serbia are among the countries of Europe and that the Saudi Arabia climbed to ninth place with 14.4.

While these few countries are struggling against high inflation and high unemployment rates, most countries in the world are facing a very different situation: low inflation and lower unemployment.

Thailand has returned to obtain the title of "less miserable" economy, named in the Bloomberg chart by the term "happy places", as this index of misery is based on the old idea that low inflation and low unemployment generally reflect the feeling that residents of economy.

With this premise, Switzerland moves to second place and Singapore manages to stay in the top three places. The United States dropped to thirteenth place, while the United Kingdom has improved four places and has become the 16th least miserable country in the world.

This year's scores are based on surveys by Bloomberg economists., those of previous years reflect official data. Economists surveyed pointed out that nearly half of the 62 economies had lower inflation than 2018, while unemployment is expected to decline.

The Venezuelan government has not published any economic data since 2016. Analysts' estimates differ significantly from those of the Bloomberg Coffee with Milk index, which forecasts an inflation rate close to 219,900%.