Most Popular
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CJ CheilJedang to spur overseas growth with new Hungary, US plants
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Seoul to host winter festival from Dec. 13
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[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
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Actor Song Joong-ki welcomes second child in Rome
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Main opposition pushes to ease, not postpone, tax on crypto gains
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[Graphic News] Venezuela world's most miserable economy
By Nam Kyung-donPublished : April 22, 2019 - 18:03
Inflation that’s projected to reach an eyeball-popping 8 million percent 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.
Joining Venezuela in the most-distressed crowd are Argentina, South Africa, Turkey, Greece and Ukraine -- each of which retained the same rank as last year, showing intense economic stress and scant progress in taming price growth and getting people back to work.
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