By understanding Mexico and its economy, we can better understand our own economy. Learn about this unique and dynamic relationship with research from the Dallas Fed.
Mexico Economic Update
Mexico’s economy softens in the second quarter
Mexico’s economic activity slowed in the second quarter of 2024, missing market expectations. GDP slowed to an annualized 0.8 percent growth from 1.1 percent the previous quarter due to a loss of momentum in services and an extended contraction in the agricultural sector.
August 14, 2024
Mexico Economic Update
Mexico’s economy continues growing through second quarter
Mexico’s economy continued growing steadily through the second quarter, according to the monthly GDP proxy. However, high inflation and the recent increase in political uncertainty remain headwinds for the Mexican economy.
July 03, 2024
Unprecedented U.S. immigration surge boosts job growth, output
U.S. labor market conditions are among the main drivers of an unprecedented surge of immigration, the exact size and consequences of which are still being assessed.
July 02, 2024
Mexico Economic Update
Mexico’s economy improves in the first quarter of 2024
Mexico’s economy grew 1.1 percent in the first quarter, driven by the services sector, according to the national statistics bureau.
June 05, 2024
Strong peso, stubborn inflation cloud Mexico’s 2024 growth prospects
Mexican economic performance is likely to slow in 2024, with stubborn inflation, rising labor costs and a strong peso posing downside risks. Conversely, nearshoring and a larger-than-expected fiscal impact could bolster the Mexican outlook.
May 24, 2024
Podcast: Lagging productivity gains restrain Mexico’s economic prospects
Dallas Fed economists Sewon Hur and Pia Orrenius discuss how improving productivity could propel Mexico beyond the ranks of middle-income nations.
May 20, 2024
Mexico’s productivity woes limit nearshoring, growth potential
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.
April 16, 2024
Speeches by Dallas Fed leadership
Understanding the evolving relationship between the United States and Mexico
Remarks by Roberto Coronado at the Western Hemispheric Trade Center Annual Conference at Texas A&M International University in Laredo.
April 12, 2024
Mexico Economic Update
Mexico’s economy shows early signs of slowing
The Mexican economy is expected to moderate in 2024, following the trend of the U.S. economy. As job growth slows and unemployment ticks up in the U.S., this could affect the flow of remittances, curtailing consumption growth in Mexico.
April 09, 2024
Disparate supply-side forces gave U.S. economy an edge
The U.S. economy boasts robust growth and slowing inflation despite the highest interest rates in two decades. Such performance isn’t common globally, especially among other advanced economies, revealing crucial differences in the fundamental factors driving inflation and growth.
March 26, 2024