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Thailand tops list of world's 15 happiest economies: Bloomberg

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Thailand tops list of world's 15 happiest economies: Bloomberg

BANGKOK, 26 February 2016 (NNT) - Bloomberg's Misery Index 2016 reported that Thailand has topped a list of 15 Happiest Economies in the World for two consecutive years.


Bloomberg stated that Thailand has a low rate of unemployment and inflation and Misery Index at 2.2 points.

Government spokesman Sansern Kaewkamnerd said further that Prime Minister Prayut Chan-o-cha has felt satisfied with the Bloomberg report and the performances of government agencies in containing the inflation rate and admired the cooperation with the private sector and people who contributed to the improvement of the Thai economy.

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They seem to have left out a critical line from the Bloomberg story:

"Thailand, in part due to unique structural issues that allow more people to count as employed, will stay as least miserable."

It doesn't really count when only your number fudging gets you on the list.

http://www.bloomberg.com/news/articles/2016-02-04/these-are-the-world-s-most-miserable-economies

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"Bloomberg stated that Thailand has a low rate of unemployment and inflation and Misery Index at 2.2 points."

They believe the B/S numbers that come from the Government.

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The moonies are the happiest religious group with a close second with Hare Khrisnas. Good club, Thailand.gigglem.gif

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Sometimes a cynic might wonder whether these indices are merely an excuse for a journalistic research-trip to Bangkok ? drunk.gif

Or perhaps the rest of the World is in even more of a mess than we know ! huh.png

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Sometimes a cynic might wonder whether these indices are merely an excuse for a journalistic research-trip to Bangkok ? drunk.gif

Or perhaps the rest of the World is in even more of a mess than we know ! huh.png

You have to remember that the visa laws have changed for journalists. Make Thailand look bad and you will lose your visa.

For sure this report is accurate because anyone not legally employed works on farms for any money they can get. And for those who don't work on farms, hey! It's hard work lifting those liters of beer and picking leaves for your smoke and cutting up plants to make a chew.

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I don't think that even the Thai officials knows for sure and certainty what the true unemployment

and inflation rate are, they have been lying and distorting the truth for so long to suit their agendas

that no one remember or know what the real figures are, so what Bloomberg perceived as correct

figures might very well be and orchestrated misinformation.....

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Prime Minister Prayut Chan-o-cha has felt satisfied ... containing the inflation rate

The good news is Prayut feels satisfied.

The bad news is the economy doesn't care about Prayut's happiness:

- slowest GDP growth of the ASEAN

- 78% drop in foreign investment

- flat to minimal export growth

- decline in industrial sentiment index

- more national debt

- more household debt

- decline in investor confidence index

- decline in consumer confidence index

- increase in employment in the low-wage agricultural sector

- 13 straight months of negative inflation

- languishing in a middle income trap

- flat to minimal growth in wholesale and retail sectors

- et cetera

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I wish that would translate to a few smiles at the supermarket checkout or when ordering food. Most staff look utterly miserable... when they arnt gazing at their smart phones. blink.png

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Is it “Happy Rigged Statistics Day” again?

Thailand tops list of world's 15 happiest economies: Bloomberg

173rd place: Bangkok ranks near bottom of 'safe city' list for expats

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There are 4 girls on the towell-department in our mall, mind you they ONLY sell towells. Then we have 4 people selling ONLY mattresses, 2 for the beddingsheets, 1 for the pillows, 4 cashiers, 2 to put your stuff in plastic bags, 2 cleaning the floors nonstop, 3 at the reception, 1 at each door, 5 parkingassistants/security......i can go on like that for hours.

But as long as they're happy than what's the ploblem?

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