Southwest Economy
Ciudad Juarez retools amid job losses
Ciudad Juarez, across the Rio Grande from El Paso, lost nearly one-fifth of its manufacturing jobs over a two-year period. The decline reflects the city’s move into higher value-added, less labor-intensive production of electronics and hardware demanded for the U.S.’s burgeoning data center build-out.
April 08, 2026
Southwest Economy
Mexican residents favor local retailers over cross-border shopping in Texas
Despite a relatively stable peso-dollar exchange rate that would normally favor shopping in the U.S., Mexican consumers increasingly stay closer to home.
January 16, 2026
Dallas Fed Economics
China manufacturing overcapacity boosts output, stagnation fears
Nearly 30 percent of China's industrial firms operate at a loss, up from 20 percent before the pandemic. The question arises: How can this be sustained?
December 30, 2025
Dallas Fed Economics
China debt overhang leads to rising share of ‘zombie’ firms
China’s private sector debt ballooned from 2008 through 2016, among the largest and most sustained such increases historically. Notably, this Chinese credit growth was financed entirely from domestic savings, unlike many other examples of rapid credit expansion elsewhere.
December 23, 2025
Southwest Economy
Texas economy cools as concerns about tariffs, uncertainty persist
The Texas economy appears to be cooling following an upturn during the summer. The TBOS headline indexes of manufacturing production and services revenue weakened in September and October, following a brief late -summer rebound.
November 14, 2025
Research Events
Bridges and borders: Economic policy across North America
This conference organized by the Peterson Institute for International Economics and the Federal Reserve Bank of Dallas examined key policy and economic challenges shaping the future of North American integration, with a focus on labor mobility, remittance flows and cross-border trade.
November 06, 2025
Special Report
Higher tariffs in U.S., Mexico part of global response to China export surge
Concerns regarding diversion or transshipment of Chinese exports have figured prominently in U.S. trade talks in 2025. Mexico and Canada have already raised tariffs on Chinese goods in some sectors to protect their domestic industries.
October 31, 2025
Dallas Fed Economics
Mexico’s economy surprises to the upside, but outlook is weak
The Mexican economy grew during the first half of 2025, surprising analysts who had anticipated a recession. However, the outlook is weak, with the consensus forecast implying economic slowdown during the second half.
October 16, 2025
Special Report
China expands Mexico investment but notably lags U.S., other G7 economies
China has been the fastest growing source of foreign direct investment (FDI) to Mexico in recent years. Chinese investment has also become a prominent issue in U.S.-Mexico economic relations. However, this FDI remains small compared with U.S. investment in Mexico.
September 26, 2025
Working Paper
Pandemic and War Inflation: Lessons from the International Experience
This paper examines the drivers of the 2020–23 inflation surge, with an emphasis on the similarities and differences across countries, as well as the role that monetary policy frameworks might have played in shaping central banks’ responses.
September 19, 2025