Rising prices are more of a threat to the global economy this year than joblessness, according to Bloomberg’s Misery Index, which sums inflation and unemployment outlooks for 66 economies.
Malaysia’s economy got the notable mention in Bloomberg’s economic mysery scale. It moved down the scale to No. 52, from No. 43 showed the Bloomberg terminal.
“The tepid price growth is allowing Bank Negara Malaysia to be patient with interest-rate hikes, even as they were first in the region this year to tighten,” said Bloomberg.
In the Southeast Asian region, Thailand again claimed “least miserable” status.
Singapore is at No. 2 which is notable since it is one of the least miserable economy.
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.