It has been reported that Thailand’s Prime Minister Prayut Chan-o-cha is pleased with the latest announcement that the kingdom is ranked in first place on a list of the world’s least miserable economies again this year, having won the top spot for the last four years in a row.
Speaking on behalf of the PM, government spokesperson Gen Sansern Kaewkamnerd said that the prime minister is pleased with Thailand’s ranking again this year in relation to the Bloomberg Misery Index 2018 which shows that Thailand is the happiest economy out of the 66 country’s included in the survey.
It is said that the survey takes into account factors such as inflation and unemployment rate which the people at Bloomberg believe on average indicates how people living in each economy feel about life.
This year Thailand had a score of 2.5 primarily due to low inflation and unemployment.
Gen Sansern said that the latest score coincides with the central bank report that Thailand’s inflation rate is currently 0.66% and unemployment rate is as low as 1.3% in a country whose population nearly numbers 70 million.
He said Thailand was able to achieve the top spot on the list again as a result of the government’s economic improvements and improvements to the people’s standards of living here in Thailand.
Other countries making it into the top five in the Bloomberg report included Japan, Singapore, Switzerland and Taiwan with Venezuela ranked in bottom spot for the fourth straight year in a row.
Source: Thai Visa
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