Bloomberg has come up with a list of the fifteen most miserable economies (with most being emerging markets) in the world with their 2015 misery index being calculated (using the latest research, private forecasts and survey data) as follows: unemployment rate + change in the consumer price index = misery. Based on their calculations, three of the countries that will probably see the most economic misery in 2015 – Venezuela, Argentina and South Africa – haven’t actually budged much from their 2014 misery rankings when they occupied three of the top four spots (albeit Argentina and South Africa managed to leap past the conflict mired Ukraine for a second and third place finish). Rounding out places four through ten on this year’s misery index are the Ukraine (still mired in conflict), Greece, Spain, Russia, Croatia, Turkey and Portugal. They are followed by Italy, Colombia, Brazil, Slovakia and Indonesia.
To read the whole article, The 15 Most Miserable Economies in the World, go to the website of Bloomberg.
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