Consumer Confidence Drops, Spanish Economy Sustained by Government Spending

Consumer confidence in the US economy falls to its lowest level since November. The Spanish economy's surprising growth in 2023 is attributed to heavy government spending. Join Simply Economics as we analyze the implications of declining consumer confidence and the role of public spending in economic stability.

Sources:
https://www.diariolasamericas.com/economia/confianza-consumidores-economia-cae-al-nivel-mas-noviembre-n5356424
https://www.lavozdegalicia.es/noticia/economia/2024/05/11/intenso-gasto-publico-sostuvo-economia-ralentizo-segunda-mitad-2023/0003_202405G11P28992.htm

Outline:
(00:00:00) Introduction
(00:00:41) Consumer confidence in economy falls to lowest level since November
(00:03:01) Heavy government spending sustained the economy, which slowed in the second half of 2023