Revelation of Expectations in Latin America (REVELA): No. 13 : May, 2008
REVELA analyzes market expectations of growth and inflation in Latin American countries. The figures analyzed represent the results of surveys of private sector actors conducted by the central banks of each country according to their own specific methodologies. They do not represent official projections by the IDB or any other official body. RES collects the results of these surveys from participating central banks on a monthly basis to produce a report and a set of illustrative graphs and tables. In this May issue, REVELA reports that growth expectations for 2008, on average, remained almost unchanged in Latin America, with a simple average expected growth rate of 5.17%. Compared to last month's survey, there are four countries with higher expected 2008 growth rates: Brazil, Peru Uruguay and Mexico, and four with somewhat lower expectations: Chile, Guatemala, Honduras and Paraguay. On the other hand, inflation expectations continue to rise; now the expected inflation rate for 2008 is 7.95%, higher than last month's 0.7%. Inflation expectations for 2009 also increased from 7.36% to 7.47%.