| ▲ | hunterpayne 2 days ago | |
Sorry, but this isn't true. The Spanish economy shrank by 8% in 2023. So all those gains in the last couple of years are just catching up to 2023 and not actual growth. Add in inflation and the average Spaniard has lost 10% of their income over that period (2023-now). The median citizen losing 10% of their income in real economic terms does qualify for the vaunted "shambles" title. | ||
| ▲ | embedding-shape a day ago | parent [-] | |
Talk about being wildly wrong, where are you getting any of that from? > The Spanish economy shrank by 8% in 2023 The Spanish economy grew by 2.5% in 2023 - https://www.idealista.com/en/news/financial-advice-in-spain/... > So all those gains in the last couple of years are just catching up to 2023 Since there was no drop, there was no "catching up". 3.2% growth in 2024 (https://www.caixabankresearch.com/en/economics-markets/recen...) and estimated 2.8% in 2025 (https://tradingeconomics.com/spain/full-year-gdp-growth) > Add in inflation and the average Spaniard has lost 10% of their income over that period (2023-now). You're right that there was high inflation in 2022-2023 (like everywhere in Europe). However, wages grew and even outpaced inflation in 2024 (https://santandertrade.com/en/portal/analyse-markets/spain/e...), real incomes did not collapse by 10% over 2023–2025. Another fun fact, employment has been growing strongly, unemployment has been falling. > The median citizen losing 10% of their income in real economic terms does qualify for the vaunted "shambles" title. Not really, Spain is "outperforming peers" (https://www.euronews.com/business/2025/03/26/the-spanish-eco...) and is currently outperforming major EU economies like Germany and France. Before trying to respond with some more outrageously incorrect claims, please learn to provide any sort of source before embarrassing yourself further. | ||