The following warnings occurred: | ||||||||||||||||||||||||||||||||||||||||||
Warning [2] Undefined array key "avatartype" - Line: 783 - File: global.php PHP 8.0.30 (Linux)
|
Nigeria ranked sixth most miserable country in the world - Forbes - Printable Version +- Forums (http://contripeople.com) +-- Forum: General Discussion (http://contripeople.com/forumdisplay.php?fid=5) +--- Forum: General Discussion (http://contripeople.com/forumdisplay.php?fid=60) +--- Thread: Nigeria ranked sixth most miserable country in the world - Forbes (/showthread.php?tid=15814) |
Nigeria ranked sixth most miserable country in the world - Forbes - Edoman - 04-01-2019 Nigeria ranked sixth most miserable country in the world - Forbes An economist from John Hopkins University in Baltimore, US, Steve Hanke, has ranked Nigeria as the sixth most miserable country in the world. The ranking is titled, Hanke’s Annual Misery Index 2018: The World’s Saddest (And Happiest) Countries. Writing in the Forbes magazine of March 28, the economist notes that Misery Index is calculated using economic indices such as unemployment, inflation and the rates banks charge on loans. “In the sphere of economics, misery tends to flow from high inflation, steep borrowing costs and unemployment,” Hanke warns. The Index notes that the high rate of unemployment in Nigeria contributes largely to its unflattering rating on the Misery Index. Quote:Hanke, in his explanatory note wrote, “The original Misery Index was just a simple sum of a nation’s annual inflation rate and its unemployment rate. The Index has been modified several times, first by Robert Barro of Harvard and then by myself.Thailand and Hungary rank as the least miserable countries in the world on the 2018 Misery Index, having ranked 95th and 94th respectively of the 95 countries ranked by Hanke. Venezuela, Argentina, Iran, Brazil and Turkey lead in that order, while Nigeria is sixth. by |