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  1. #1
    david44's Avatar
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    Aug 2011
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    03-12-2018 @ 01:21 PM
    Inner Wrongholia

    Are you least miserable too?

    Thailand has been ranked as the least miserable country out of 66 economies for a fourth consecutive year, according to Bloomberg's Misery Index for 2018.
    Thailand again claimed "least miserable" status, though the nation's unique way of calculating unemployment helps give it the edge over the next least miserable, Singapore.
    The island state claimed least miserable status in 2014.
    Venezuela marks its fourth year as the world's most miserable economy, with a score that's more than three times what it was in 2017.
    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.
    Sometimes, of course, a low tally can be misleading in either category: Persistently low prices can be a sign of poor demand, and joblessness which sinks too low shackles workers who want to switch to better jobs, for instance.
    The combination of inflation and unemployment rate gives Thailand its score.
    According to Bank of Thailand, the country's inflation rate was low at 0.66% last year while the country's unemployment rate was 1.04%.
    Still, Thailand's unique way of defining "employment" helps give it least miserable status.
    Thailand's unemployment rate has been remarkably low for years, ranging between 0.4-1.2% since 2011. According to a central bank officer, the low unemployment rate is a result of structural factors.
    The agriculture and "informal" sectors such as street vendors or motorbike taxi drivers absorb most of those labourers who lose their jobs in the formal sector.
    Some have not been so fortunate. In Venezuela, hyperinflation has left many economists throwing up their hands at the actual rate of price growth.
    At the other end of the spectrum, Mexico has made the most progress this year, moving 16 notches toward "least miserable" as economists remain optimistic the central bank will be able to tame last year's bout of high inflation. 
    I used to have a job at a calendar factory.
    I got the sack because
    I took a couple of days off.

  2. #2
    Thailand Expat
    kmart's Avatar
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    Dec 2008
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    Today @ 09:12 AM
    I wonder if TD is Thailand's least miserable forum.?

  3. #3
    I am in Jail

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    20-10-2018 @ 09:17 AM
    Ft. Lauderdale, FL
    Quote Originally Posted by kmart View Post
    I wonder if TD is Thailand's least miserable forum.?
    5 member here are the most miserable.

  4. #4
    Fresh Seaman CaptainNemo's Avatar
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    18-02-2018 @ 04:17 AM
    in t' naughty lass

    It's encouraging to seem some less developed countries making it into the top 30, like Vietnam and some eastern european ones.

    Places like Spain shouldn't be there, if they were better run... you've got to wonder why Portugal is doing better on this index, having driven across the border, Portugal is just a more attractive and greener place, and Spain (at least around the border with Portugal) is a bit crap really.

    If Brazil had land reform and Argentina stopped being so protectionist they might do better.
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    Last edited by CaptainNemo; 16-02-2018 at 09:22 PM.

    we are all figments of our own imagination.

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