Revelation of Expectations in Latin America (REVELA): No. 3 : July, 2007

Revelation of Expectations in Latin America (REVELA) is a monthly publication published by the Inter-American Development Bank (IDB) Research Department (RES). The data comes from surveys of market participants conducted by Central Banks in Latin America. This document analyzes differences in market expectations for growth and inflation across countries and determines trends over time. Expectations of growth in Latin America remain high with a simple average expected growth rate of 5.2% for 2007 for the countries surveyed. Growth is expected to slow in 2008 to an average of 4.64%, also up slightly from the survey last month. Inflation expectations rose although changes were mixed across countries.