Misery index

Greece ranks fifth among 11 nations with the most "miserable" economies in the world, according to a report by Bloomberg published on Wednesday.

Greece ranks as the joint-fifth most miserable economy in 2018, according to the forecasts made in Bloomberg's Misery Index.

The annual index examines inflation and unemployment outlooks for 66 economies. It ranks Greece joint-fifth with Turkey, with a "misery" value of 20.6 points. Greece was the sixth most miserable economy in 2017, with 22.7 points.

Greece is in the worst place among European nations included in Bloomberg’s annual Misery Index, while it ranked 4th overall in the 2017 projected index. According to the index, which factors in unemployment data and inflation, Venezuela, South Africa and Argentina are worse off than Greece, while Turkey and Spain came in immediately after Greece in the rankings.