Spain’s ‘Misery Index’ worse than Portugal’s or Greece’s
The Corner Spain’s “Misery Index,” as measured by Bloomberg (13.7), is worse than that of Greece (11.4), Portugal (8.64), the European Union (8.9), and the Eurozone (9.2). The Misery Index is a simple economic indicator designed to measure the economic discomfort or stress felt by the average citizen in a country. It was created in the 1970s by American economist Arthur Okun and is calculated by…
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