Zimbabwe is the world’s most depressing nation, trumping Venezuela, Cuba and war-torn Syria.
That’s based on an annual ‘distress index’, which ranks nearly 160 international locations on elements like unemployment figures, inflation and bank-lending charges.
The African nation, residence to roughly 16million folks, has now ranked among the many prime 5 gloomiest nations for 3 years in a row. Britain is extra depressing than final 12 months — transferring from 153rd to 129th on the size.
Professor Steve Hanke, the economist behind the rating, claimed inflation, which stood at 10.1 per cent in March, has been a ‘main contributing issue’.
Regardless of now trending downward, it sparked the largest surge in meals costs since 1977 and added £800 to the typical family’s annual invoice.
However the US moved the opposite means, from 102nd to 134th.
Read Full Story ….
|Disclaimer: Opinions expressed listed below are these of the writers and don’t replicate these of Peacefmonline.com. Peacefmonline.com accepts no accountability authorized or in any other case for his or her accuracy of content material. Please report any inappropriate content material to us, and we are going to consider it as a matter of precedence.|