Bloomberg’s 2018 Misery Index ranked Serbia at the 10th place among 62 countries with “the most miserable economies,” the Beta news agency reported on Monday.
The Bloomberg Misery Index relies on the age-old concept that low inflation and unemployment generally illustrate how good an economy’s residents should feel. This year’s scores are based on Bloomberg economist surveys, while prior years reflect actual data, Bloomberg said.
Latest official data show the unemployment rate in Serbia was 12.9% in the last quarter of 2018, while the inflation measured by consumers’ prices was 1.9% in November relative to the same month in 2017.
Despite its position in 2018, Serbia had improved compared to 2016 and 2017 when it was ranked 7th and 8th respectively.
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The prediction is the country could be the 11th in 2019.
For years, the number one spot on the Misery Index list is “reserved” for Venezuela, mostly due to its hyperinflation, followed by Argentina, South Africa, Turkey and Greece.
Ukraine, Spain, Uruguay and Brazil are ranked worse than Serbia.
Thailand, Switzerland and Singapore are the countries with the least miserable economies according to the 2018 Bloomberg Misery Index.
(Naslovi.net, Beta, 22.04.2019)
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