Revelation of Expectations in Latin America (REVELA): No. 40 : May, 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.