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US fares worse than Mexico and Russia in world misery ranking

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PHOTO: Library of Congress on Unsplash

The Bloomberg Misery Index for 2020 has been released, using economic predictions for 2020 inflation rates and employment compared to figures from 2019. The list features 60 countries where sufficient economic forecasting data is available to Bloomberg. It’s not looking good for the US, which has plummeted 25 spots.

The timing couldn’t be worse for President Trump as he campaigns for re-election. The country has been hit hard by the Covid-19 pandemic, with the president coming in for sharp criticism from many quarters for his management of the crisis. The US has recorded the world’s highest number of deaths from the virus, and millions of Americans are out of work.

Meanwhile, the countries ranked the most miserable in the world remain the same as last year, with Venezuela, Argentina, South Africa, and Turkey holding on to their sorry positions. This is the 6th year in a row that Venezuela has been ranked as the most miserable economy in the world, with inflation running at an estimated 4,043%.

Some countries, such as Luxembourg, China, and Germany have seen improvements since last year, with China improving by 7 places compared to 2019.

Meanwhile, Thailand ranks as the “least miserable” country. However, debate over how the government calculates unemployment figures makes that achievement less notable than Singapore’s improved ranking, which sees it take second place, along with Taiwan, which has also improved and ranks 5 places behind Thailand.

SOURCE: Nation Thailand

 

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10 Comments

10 Comments

  1. Perceville Smithers

    Friday, August 7, 2020 at 10:09 am

    MAGA

    • Rinky Stingpiece

      Friday, August 7, 2020 at 6:57 pm

      Make America Grumpy Again?

  2. Andrew Lum

    Friday, August 7, 2020 at 10:20 am

    Gee….do you ever print anything good about the USA. smh

  3. Andrew Lum

    Friday, August 7, 2020 at 10:20 am

    Trump 2020

  4. Brian

    Friday, August 7, 2020 at 11:25 am

    It may be too much to ask of a modern web “news” organization, but please try to have more self-respect than to publish meaningless almost-propaganda. By meaningful metrics like desirability of immigration and citizenship, the US is near the top, has been near the top for a long time, and most likely will continue to be near the top for the foreseeable future.

    • Perceville Smithers

      Friday, August 7, 2020 at 3:11 pm

      There is an article today that the U.S. Passport Ranking has dropped. I regularly check the ranking because I travel a lot and have been curious if the current administration has affected it. Everything in the article is true and no BS.

      • Brian

        Friday, August 7, 2020 at 6:52 pm

        Let’s just say it’s more important to watch what people actually do than what they say when you ask them questions in a survey.

    • Rinky Stingpiece

      Friday, August 7, 2020 at 7:00 pm

      I agree, there is a lack of perspective, and obviously most journalists loath the Trumpster.
      A lot western countries are stressful to live in, but i imagine that stress is much higher in developing countries once their economies have shut down, and all that manana living dries up.

  5. Ricky

    Friday, August 7, 2020 at 11:48 am

    Who writes this crap, and you actually believe anything coming from the commie Chinese.

  6. Ricky Cleats

    Sunday, August 9, 2020 at 12:28 am

    Fake news. Ever been to Mexico ? Ever been to Russia ? Google average net worth of an American, followed by average wage. Then do the same to Mexico and Russia. Very fake news.

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