Without Immigration, U.S. Economy Will Struggle to Grow
Slowing labor force growth is the product of a number of factors—the aging of the U.S. population, retiring baby boomers and declining birth rates. But another element is immigration.
Services, Construction Lead Texas as Manufacturing, Energy Soften
Sluggish growth in manufacturing is attributable to softening demand for durables, which appears tied to a slowing energy sector.
Go Figure: Vehicle Sales Highlight Surprising Resilience in Spending During Pandemic
Texas truck/SUV sales held steady while car sales declined steeply amid the recession caused by COVID-19.
Investment in Mexico Falls Despite Rise in Remittances
Mexico has grown more dependent on foreign direct investment and remittances after total investment declined sharply for a fourth consecutive year in 2020.
Go Figure: Migrant Apprehensions at U.S.–Mexico Border Spike in 2019
Apprehensions of migrants at the U.S. southern border surged in spring 2019.
Go Figure: Assessing the Cost of Longer Border Wait Times
Wait times spiked in spring 2019 when Customs and Border Patrol resources were diverted away from border crossings.
Small Business Hardships Highlight Relationship with Lenders in COVID-19 Era
The COVID-19 crisis has disrupted normal small business operations and will likely limit the ability of many enterprises to stay financially afloat. Although lenders have become better equipped to evaluate risks and serve small businesses, the supply of credit tends to shrink during economic downturns.
Texas Economy Soft in January, but Outlook Optimistic for Later in 2021
Regional economic conditions appeared to deteriorate in January after picking up at year-end, data show. Nonetheless, there is optimism regarding the outlook for growth later this year.
Texas Economy Keeps Growing Despite More Pessimistic Outlook
The regional economy is growing at a moderate pace, and labor markets remain tight. However, the outlook among Texas firms has deteriorated due to concern about tariffs, trade policy uncertainty and slowing global growth.
COVID-19 Poses Stubborn Challenge to Economic Growth in Mexico
Mexico, confronting a high rate of COVID-19 infection and an ineffectual medical response, recorded the largest decline in gross domestic product in a quarter century last year. While manufacturing trade with the U.S. provided economic support, the large and hard to reach off-the-books informal sector proved more troublesome and will play an important role in the nation’s performance in 2021.