Tuesday, May 7, 2019

7th Least Miserable Economy

The Bloomberg Misery Index sums a country's inflation and unemployment to determine how happy or miserable its people are.  With Czechland's record low unemployment it's not wonder that they finally cracked the Top 10 of the least miserable economies.

1.  Thailand
2.  Switzerland
3.  Japan / Singapore
5.  Taiwan
6.  Malaysia
7.  Czech Republic
8.  Hong Kong
9.  Israel / South Korea

The USA jumped six spots to the 13th least miserable economy.

Having low unemployment too low can be a bad thing.  Employers may not let people move to new roles because they will be unable to find a backfill.  If prices are too low it could mean that demand is low.

Venezuela is the most miserable as inflation is expected to hit 8 million percent this year.  8 million %!!    

Coming in behind Venezuela is Argentina, South Africa, Turkey, Greece, and Ukraine.

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