Revelation of Expectations in Latin America (REVELA): No. 40 : May, 2014
Date issued
Jul 2014
The April 2014 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that average growth expectations for 2014 have remained constant at 3. 7% while inflation expectations for 2014 have increased from 4. 7% to 4. 8%. In most of the countries studied, expected 2014 growth decreased between the March and April surveys. Indeed, expected growth fell in Brazil (0. 1%), Chile (0. 1%), Mexico (0. 1%) and Paraguay (0. 1%). Expected growth now ranges between 5. 5% (Peru) to 1. 7% (Brazil). The GDP weighted average inflation expectation for the region for 2014 is 5. 3% and the GDP weighted average growth expectation is 2. 5%. Inflation expectations rose in Brazil (0. 3%), Chile (0. 3%), Colombia (0. 1%) and Guatemala (0. 2%) and fell in Mexico (0. 1%) and Paraguay (0. 2%). Download the full report and data.