Bloomberg's forecast - Polish economy to worsen

Poland was ranked 27th out of 63, compared with 42nd last year, in the latest edition of the World's Most Miserable Economies compiled by Bloomberg. Unfortunately, in this case an advance is not good news. Poland was downgraded due to Bloomberg's concerns about the new government's spending policy and possible growth of public debt. "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. But 2016 might see Poland climb the misery index amid an increasingly uncertain fiscal and economic outlook (including a possible debt downgrade) caused by the new ruling party's costly campaign promises," Bloomberg said about Poland.  It's worth noting that, recent published economic forecast by the European Commission also indicated that the Polish general government debt may increase in 2017. Venezuela was named the most miserable economy as it's tackling galloping inflation and lower oil prices. Greece and Ukraine have also made it to the top. Bloomberg took into account such factors as unemployment rate, inflation and poverty level.