Revelation of Expectations in Latin America (REVELA): No. 57: November, 2015

The October 2015 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that the simple average growth expectations for 2015 for the eight countries covered by REVELA have decreased by 0. 2% from 2. 2% to 2. 0% compared to September. Also, the GDP weighted average growth expectations have decreased by 0. 2% from -0. 1% to -0. 3%. Meanwhile, inflation expectations for 2015 have increased by 0. 1% from 5. 3% to 5. 4% considering a simple average, and by 0. 2% from 6. 5% to 6. 7% on a GDP weighted average basis. At the individual country level, growth expectations have decreased in Uruguay by 0. 5%, Colombia by 0. 4%, Brazil by 0. 3%, Chile and Paraguay by 0. 2% in both countries, and Guatemala by 0. 1%. They have remained stable in Peru at 2. 8% and Mexico at 2. 3%. Now, growth expectations for 2015 rank from -3. 0% in Brazil to 3. 7% in Paraguay. Inflation expectations for 2015 have increased in Colombia by 0. 9% and Brazil by 0. 3%. They have remained stable in Uruguay at 9. 6% and Paraguay at 4. 4%, and have decreased by 0. 5% in Guatemala and by 0. 1% in Chile, Mexico and Peru. With these results, expected inflation for 2015 ranges between 2. 5% in Guatemala and 9. 8% in Brazil.