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.
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
Development bank funds border infrastructure to aid U.S.–Mexico trade
Calixto Mateos, former managing director of the North American Development Bank, discusses his work at the NADBank and its role enhancing trade.
March 22, 2024
Mexico Economic Update
Mexico’s economy shows mixed signals toward end of 2023
Mexico’s economy likely grew more than 3 percent in 2023 as the proxy for monthly GDP increased for the ninth consecutive month in November.
January 19, 2024
Mexico Economic Update
Mexico’s economic momentum continues; outlook improves
Mexico’s real GDP grew at a revised annualized 3.4 percent in the second quarter, about the same as the previous quarter’s gains of 3.3 percent. This is the seventh consecutive quarter the Mexican economy has expanded, and growth is generally surprising to the upside.
November 27, 2023
Strong U.S. labor market drives record remittances to Mexico
Remittances from the U.S. to Mexico reached a record $55.9 billion in 2022. Strong employment in the U.S. construction sector—a leading employer of Mexican migrants—best explains the recent growth of remittances to Mexico.
October 20, 2023