Bloomberg’s Misery Index, which combines countries’ 2017 inflation and unemployment outlooks, ranks Venezuela number one for the third year in a row followed by a number of usual and mostly emerging market suspects: South Africa, Argentina, Greece, Turkey, Spain, the Ukraine, Serbia, Brazil and Uruguay.
Other noteworthy emerging market moves toward being more miserable included:
- Poland, which experienced the biggest negative move in the rankings, came in at No. 28 among this year’s 65 economies, from a rank of 45 last year. Though it’s seen a steady decline in its unemployment rate since the financial crisis, inflation rose to 1.8% in January after Poland’s longest period of deflation on record. Similar price increases were seen in Romania, Estonia, Latvia and Slovakia which drove large jumps in those countries’ Misery Index rankings.
- Misery also deepened in Mexico. After finishing 2016 at No. 38, it’s slated to rise to 31st place as inflation balloons to a forecast of 5% in 2017 from an average 2.8% last year. A combination of the end of government fuel subsidies and the peso’s 11% decline against the dollar since Trump’s election is pressuring prices.
To read the whole article, These Economies Are Getting More Miserable This Year, go to the website of Bloomberg.
- The 15 Most Miserable Emerging Market Economies (Bloomberg)
- Bloomberg’s Misery Index’s Least Miserable Emerging Markets
- New Fragile Five Facing a Forex Crisis: Argentina, Brazil, South Africa, Ukraine & Venezuela (Institutional Investor)
- 2017 Global Retail Development Index (ATKearney)
- Which Emerging Markets Have the Most Leveraged Stocks? (Bloomberg)
- Invest in Poorer Performing Emerging Markets for Better Gains? (CNBC)
- Turkey: Looming Challenges (Union Bancaire Privée)
- How ECB QE Could Impact Emerging Markets (FT)
- Key Findings: Credit Suisse Emerging Markets Consumer Survey
- Emerging Market Risk Ranking: Most Vulnerable to the Strongest (FT)
- Global Emerging Markets: Country Allocation Review, H1 2021 (Federated Hermes)
- Quarterly Frontier Markets Recap 1Q21 (FitchRatings)
- Emerging Market Companies & Governments Binge on US Dollar Debt (WSJ)
- “Fragile Five” Emerging Markets No Longer That “Fragile” (AP)
- South Africa’s Economic and Potential Downgrade Woes (Bloomberg)