Skip to content
Advertisement

Business

Poland with the highest leap in the Misery Index

22:06

Poland has been ranked 28th in the Misery Index compiled by Bloomberg, from last year's 45th spot, which is the biggest negative move in the ranking. The ranking comprises 65 nations and s calculated by adding together the forecasts for a country's rate of inflation and unemployment. A higher score indicates more 'misery.' “Though it's seen a steady decline in its unemployment rate since the financial crisis, inflation rose to 1.8 percent in January after Poland's longest period of deflation on record,” the report said. For the third straight year Venezuela topped the table, followed by South Africa and Argentina. Last on the list was Thailand, although the index authors noted, that the figure was in large part due to the country's unique way of calculating employment.

More from Business All