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Ukraine ranks among top world's most miserable economies

Ukraine ranks among top world's most miserable economiesVenezuela will probably retain the dubious honor of being the most miserable economy for a second year, Bloomberg reported.

Galloping inflation at an annual average of 98.3% last year alongside 6.8% unemployment earned the South American country the runaway top spot on the 2015 misery index.

Argentina has the next-worst ranking, according to the report.

While Venezuela and Argentina are tackling inflation, rounding out the top five unhappiest economies in 2016 are those desperately trying to stop unemployment from deepening: South Africa, Greece, and Ukraine.
Ukraine ranks among top world's most miserable economies

Elsewhere in the world, the picture is not quite as bleak, Bloomberg said. There were success stories last year, with Poland ranking No. 42 on the scale, versus a No. 19 spot initially projected at the start of 2015, in part due to lower-than-expected joblessness.

The world's happiest economies this year will look similar to last year's rankings. Thailand, in part due to unique structural issues that allow more people to count as employed, will stay as least miserable. Singapore, for which survey data is newly available this year, will debut at second-best. Switzerland, Taiwan and Japan will keep top-five status from 2015.
Ukraine ranks among top world's most miserable economies

Source: UNIAN
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