The world's most miserable economy has seven-figure inflation

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

Inflation that’s projected to reach an eyeball-popping 8 million per cent 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.
 

Venezuela and a handful of others in the “most miserable” camp are in a lonely battle fighting high inflation alongside lofty jobless rates. Most other countries’ policy makers this year face a very different challenge: a tricky combination of quiet inflation and lower unemployment that complicates readings on