Economics
The World's Most Miserable Economy Has Seven-Figure Inflation
- Venezuela again leads most-miserable pack amid hyperinflation
- Switzerland, Singapore among best performers in economic gauge
A customer counts Bolivar banknotes before purchasing coffee and sugar in the Petare slum of Caracas.
Photographer: Carlos Becerra/BloombergThis article is for subscribers only.
Inflation that’s projected to reach an eyeball-popping 8 million percent this year has left Venezuela saddled with the title of the world’s most miserable economy.
The embattled South American nation topped the rankings of Bloomberg’s Misery Index, which sums inflation and unemployment outlooks for 62 economies, for the fifth straight year. The index includes countries for which Bloomberg has sufficient economic forecasts.