Looks like we’re a not-so-miserable bunch of people, fellow Singaporeans. At least our economy is, according to the results of Bloomberg’s annual Misery Index, which indicates the state of an economy by measuring its inflation and unemployment outlooks. The higher the country’s ranking, the more miserable the economy.
This year, Singapore maintained its solid place as the second least miserable (aka second happiest?) country in the world.
Thailand secured top least miserable spot once again with a score of 2.6 — thanks to its unique way of assessing employment — and Singapore scored 3.1 for its relatively low unemployment and inflation outlook for 2017. As for the most miserable country in the world, Venezuela remained at the bottom position for the third year in a row (with a score of almost 500), due to its economic and political problems.
Countries like Poland, Mexico and the UK experienced movements closer to Venezuela in their rankings this year, while Norway, Peru, China, Hong Kong, Taiwan, the Netherlands, Ecuador and Russia saw distinct improvements in their positions on the list.
