Revelation of Expectations in Latin America (REVELA): Issue 5: January 2013
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The December 2012 surveys of expectations for inflation and growth conducted by Central Banks with inflation targeting regimes continue to focus on 2012 and 2013 expectations. The weighted average expectation for regional growth for 2012, which should be close to the final figure for the year, fell to 2.5%, given the fall in expected growth in Brazil down to just 1% for the year, while for 2013 the figure rose by 0.7% compared to November's figure, to 4.7%. The average for 2012 inflation expectations is 4.9% on a GDP weighted basis and the simple average remains at 4.3%, and the respective 2013 inflation expectations are now 4.6% and 4.4%.