The World's Most Miserable Economy Has Seven-Figure Inflation

• 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.
• Venezuela and a handful of others in the “most miserable” camp are in a lonely battle fighting high inflation alongside lofty jobless rates.
• Most other countries’ policymakers this year face a very different challenge: a tricky combination of quiet inflation and lower unemployment that complicates readings on economic health and appropriate responses.

(Source: Bloomberg)