Mexico’s Public Debt Soars, US Economy Resilient

Mexico's public debt reaches highest level in 4 years, raising concerns about economic stability. Meanwhile, the US economy expands at a rate of 3% thanks to resilient consumer spending. Simply Economics provides insights into the consequences of Mexico's growing debt and the implications of the US economic growth for various sectors. Stay informed about the economic landscapes of Mexico and the US.

Sources:
https://www.elfinanciero.com.mx/economia/2024/08/30/amlo-deja-a-mexico-empenado-deuda-publica-subira-a-497-del-pib-en-2024-nivel-mas-alto-en-4-anos/
https://www.infobae.com/wapo/2024/08/29/la-economia-de-eeuu-se-expande-a-una-tasa-del-3-gracias-a-la-resiliencia-del-consumo/

Outline:
(00:00:00) Introduction
(00:00:42) AMLO leaves Mexico 'engaged': Public debt will rise to 49.7% of GDP in 2024, highest level in 4 years
(00:03:44) The US economy expands at a rate of 3% thanks to the resilience of consumption