Revelation of Expectations in Latin America (REVELA): Issue 36: October, 2013

Date
Oct 2013
The September 2013 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that average growth expectations have remained constant while average inflation expectations increased. Still, expected 2013 growth fell in Mexico by some 0. 4% comparing the September to August surveys, while other countries saw rebounds - Brazil (0. 2%), Paraguay (0. 1%), and Uruguay (0. 1%). The simple average inflation expectation for the region for 2013 is 4. 4%, whereas the simple average expectation for growth remained at 4. 5%, although GDP weighted growth increased to 2. 6%. Inflation expectations fell in Guatemala (0. 1%) and rose in Paraguay (0. 1%), Peru (0. 2%) and Uruguay (0. 2%).