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New Zealand Ranks Higher in Annual ‘Misery’ Index, Citing Bank Lending Rates

New Zealand Ranks Higher in Annual ‘Misery’ Index, Citing Bank Lending RatesImage by Pete Linforth from Pixabay

New Zealand has moved up the annual 'misery' index and is now ranked almost inside the top 100 most miserable countries. According to Hanke's Annual

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New Zealand has moved up the annual ‘misery’ index and is now ranked almost inside the top 100 most miserable countries. According to Hanke’s Annual Misery Index (HAMI), New Zealand went from 151st out of 156 countries last year to 104th out of 157 countries this year, with the bank lending rate being cited as a major contributing factor. Zimbabwe is considered the most miserable country due to high inflation, while Switzerland is ranked as the happiest country. The HAMI takes into account factors such as unemployment rate, inflation, bank lending rates, and real GDP per capita.
Source : https://www.nationalreview.com/2023/05/hankes-2022-misery-index/

Top 10 ‘miserable’ countries:
Zimbabwe
Venezuela
Syria
Lebanon
Sudan
Argentina
Yemen
Ukraine
Cuba
Turkey.


Top 10 ‘happiest’ countries:
Switzerland
Kuwait
Ireland
Japan
Malaysia
Taiwan
Niger
Thailand
Togo
Malta.

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