Misery will be most acute this year in
Venezuela, Argentina, South Africa,
Ukraine and Greece – the five most
painful economies in which to live and
work, according to Bloomberg's 'misery
index ' for 2015.
Rising unemployment coupled with high
inflation will hit these countries hardest,
the financial services firm said.
Venezuela, which tops the list, recently
entered a recession, and its economy is
expected to shrink by 7pc this year,
according to data from the International
Monetary Fund.
The country has the highest annual rate of
inflation in the Americas at 63.6pc. The
collapse in world oil prices has left the
country short of dollars needed to import
many basic goods.
The dire shortage of basic goods in
Venezuela last week prompted neighbour
Trinidad & Tobago to offer swapping
tissue paper for oil. In Venezuela, which
has the world’s largest oil reserves,
citizens are lining up outside supermarkets
for hours seeking a bag of clothing
detergent, toilet paper or cooking oil.
• Venezuela needs change now - and I am
the man to deliver it
Number two in the misery rankings,
Argentina's economy contracted 1.5pc last
year and will shrink 1.4pc this year before
growing 2.6 per cent in 2016, according to
economists surveyed by Bloomberg.
South America’s second-largest economy
shrunk following a default in July, the
culmination of years of legal battles with
creditors. Seeking to preserve
international reserves that fell to an
eight-year low last April, the Argentinian
government increased limits on imports ,
making it harder for manufacturers to
obtain supplies.
Third-placed South Africa is still
struggling to recover from a recession
that hit the country in 2009. The country
recently downgraded its growth
expectations for 2015 to 2pc, from the
2.5pc it forecast in October. Electricity
blackouts are now a daily reality and
expected to continue for the next three
years.
• Colombia: from failed state to Latin
American powerhouse
The grimmest economies in 2015
1. Venezuela
2. Argentina
3. South Africa
4. Ukraine
5. Greece
6. Spain
7. Russia
8. Croatia
9. Turkey
10. Portugal
11. Italy
12. Colombia
13. Brazil
14. Slovakia
15. Indonesia
Despite a recent ceasefire, tensions with
Russia-backed rebels are prolonging
joblessness in Ukraine, and inflation won't
offer much relief, Bloomberg analysts
predicted.
Unemployment will climb to 9.5pc in
Ukraine this year from 8.9pc in the third
quarter of 2014, the survey data
suggested. Inflation is projected to rise
at a 17.5pc pace in 2015, compared with
the 24.9pc rate in December.
Ukrainian consumers are therefore set to
be the fourth-saddest among 51 economies
based on forecasts for the misery
measure. However, it is an improvement on
2014, when the embattled country came
second in the misery-index readings.
Fighting has intensified in Ukraine in the
past year
Greece is 5th, Spain is 6th, Portugal is 10th
and Italy is 11th in this year's ranking.
Greece's public debt is now equal to 177pc
of GDP , the highest level in the eurozone.
The country has an eye-wateringly high
unemployment rate of 25.8pc. More than
half of Greece’s 15 to 24 year olds are
out of work.
The country is on the brink of leaving the
eurozone, and the Greek government must
pay the IMF €1.5bn in a series of
deadlines this month, starting with €300m
as soon as this Friday.
• Greece eyes last central bank funds to
avert IMF default
Italy's public debt has jumped from 116pc
to 133pc of GDP in three years. The youth
jobless rate is 44pc. Meanwhile Italian GDP
has fallen almost 10pc in six years. Italy's
industrial production has dropped back to
the levels of 1980.
The 51 economies taken by bloomberg
index average GDP per capita of $31,079. http://www.telegraph.co.uk/finance/economics/11446325/Which-are-the-15-most-miserable-countries-in-the-world.html

thank God for Nigeria.... my sweet home country.

Who evn wan go those countries sef. Make dem Kip Taurus offer. Am I ftc on dis thread? Is it gna hit fp? Hmmm lets look n see

No way Nigeria can top that list the place is a happening joyful place. East or West home is best!

tplustee:
Who evn wan go those countries sef. Make dem Kip Taurus offer. Am I ftc on dis thread? Is it gna hit fp? Hmmm lets look n see

sorry you're second.. .. oya FP sharp sharp...

pls they should give those country citizen Nigerian Visa...

Nigeria is truly blessed.

I thought Nigeria would be number one on this list...


Oya where are the hypocrites??


Come and forcefully put Nigeria on the list...


Thank you...

Hmm!

biafranqueen:
No way Nigeria can top that list the place is a happening joyful place. East or West home is best!

Wanne'm wanyi, ndewo!

Just imagine the APC apologists coming here to seek bad news, only to be sadly disappointed.

Nigeria was not researched. Infact , only Westernized South Africa ,in Africa, was considered worthy of evaluation. If they had tried the others, we would have been shouting racism.

In essence GEJ is working...
Hope APCians can see we aint there.


A vote for GEJ will keep us out of d list till 2019....

Viewing this topic: Shekau (M), bola Tinubu (M), Buhari (M), Osama Bin Laden (M), Lai Muhammed (M), Truth Muhammed (F), Amaechi (M)

[b]What kind of a list is this?
Who in this forum will ever reject a free visa to Spain, Brazil, Italy, Greece, Portugal, Russia or even South Africa?
* They are miserable and Nigerians keep trooping to those country on daily basis. Who wan suffer to death?
* They are miserable and their citizens could eat 3 square meal daily without fear. This 17:30pm, you don chop your breakfast?
* They are miserable and they can sleep with their two eyes closed not bothering about insecurity. Who fit stay in mubi, baga or chibok for a week?
* They are miserable and an average citizen could afford more 10 dollars daily. To get 1 dollar na serious wahala for naija.
* They are miserable and they have an organise soccer leagues, paying players hefty wages and recording high attendance of fan who pays for entry ticket. How you go think say you wan go stadium when you never chop?
* They are miserable and they are among the first world nation. Calling Nigeria a third world nation is an hype.
@OP please ask the source to define MISERABLE[/b]

Agents of darkness are avoiding this thread cos Nigeria is not amongst them.
Thanks to Oga Jona.
I'll rather dig grave,call my friends and neighbours and give my PVC a befitting burial than vote for Mallam Buhari.
GEJ 2019

Italy is not a reach country but its among the top 5 stable economy in Europe

Thank God for my dear country.Nigeria we hail thee. GEJ is working.

hungry man countries


GEJ TILL 2019!!!

hungry man countries....






GEJ TILL 2019!!!