Revelation of Expectations in Latin America (REVELA): Issue 75: July, 2017

Nov 2017
The July 2017 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that the simple average growth rate expected for 2017 for the eight countries covered by REVELA remained stable at 2.4% compared to June. At the same time, the GDP-weighted average fell by 0.1% from 1.4% to 1.3% compared to the previous month. On the other hand, inflation expectations for the region for 2017 declined by 0.2% from 4.4% to 4.2% under both the simple average basis and the GDP-weighted average basis. At the individual country level, growth expectations for 2017 declined by 0.2% in Colombia and by 0.1% in Brazil. They remained stable compared to the previous month in the other six countries: Chile, Guatemala, Mexico Paraguay, Peru and Uruguay. Inflation expectations fell by 0.5% in Uruguay, by 0.3% both in Brazil and Chile, by 0.2% in Peru and by 0.1% in Colombia compared to the previous month. Contrarily, they rose by 0.2% in Guatemala and by 0.1% in Mexico. With these results, growth expectations for the region for 2017 ranged from 0.3% in Brazil to 4.0% in Paraguay, while inflation expectations ranged from 2.5% in Chile to 6.4% in Uruguay. Download the full report and data.