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Highlighting the dynamic economy of Texas, northern Louisiana and southern New Mexico

Southwest Economy

Industrial policy reform, nearshoring and a deeper Mexico–U.S. partnership could provide tailwinds for Mexican economic growth. Whether Mexico can harness the full potential of such transformative change is less clear.

Alan D. Viard, senior fellow emeritus at the American Enterprise Institute and former senior economist at the Federal Reserve Bank of Dallas, discusses federal entitlements and tax policy challenges during an era of rising deficits.

Calixto Mateos, former managing director of the North American Development Bank, discusses his work at the NADBank and its role enhancing trade.

Pia Orrenius, Ana Pranger, Madeline Zavodny and Oscar Parra

Recently released data through 2019 show Texas remains a juggernaut, a leader for business relocations. And while figures covering the subsequent pandemic era and beyond are incomplete, anecdotal evidence suggests Texas remains a go-to spot.

Texas National Bank President Joe Quiroga, a lifelong resident of the Lower Rio Grande Valley area and Dallas Fed director, discusses the area’s rapid growth and its future prospects.

Luis Torres and Prithvi Kalkunte

Even with Texas employment growing rapidly and jobless rates remaining low in 2023, mass layoffs may be heading higher, according to notices of pending workforce reductions filed with state officials.

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Southwest Economy

Southwest Economy is published by the Federal Reserve Bank of Dallas. The views expressed are those of the authors and should not be attributed to the Federal Reserve Bank of Dallas or the Federal Reserve System.

Articles may be reprinted on the condition that the source is credited to the Federal Reserve Bank of Dallas.