Venezuela, is again, the most miserable nation in the world, according to new analysis published by the Cato Institute. Cato’s Misery Index ranks 108 countries based on data from the Economist Intelligence Unit and calculations from Steve Hanke, a professor of Applied Economics at Johns Hopkins University. Professor Hanke factors in the nations’ inflation, lending rates, and unemployment figures together and then subtracts year-on-year per capita GDP growth to determine “misery.” Over the last year,, Venezuela’s misery score jumped by nearly 27 points to 106.03 — which puts the Latin American country almost 40 points higher than the next leading …read more
Source: Business Insider
