: :inin Kyiv (EET)

Economic Headwinds: Big Players, Regime Uncertainty and the Misery Index


Steve H. Hanke

Before we delve into the economic prospects for 2016, let’s take a look at the economies in the Americas, Asia, Europe and the Middle East/Africa to see how they fared in the 2014-15 period. A clear metric for doing this is the misery index. For any country, a misery index score is simply the sum of the unemployment, inflation, and bank lending rates, minus the percentage change in real GDP per capita. A higher misery index score reflects higher levels of “misery.”
For purposes of consistency, I have used data from the Economist Intelligence Unit. Only countries with current …read more

Source: Cato Institute

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