Revelation of Expectations in Latin America (REVELA): No 42: July, 2014

Accesible PDF image
Date
Aug 2014
The June 2014 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that average growth expectations for 2014 have fallen from 3.6% to 3.4% while inflation expectations for 2014 have remained stable at 4.8%. In all but one of the countries studied (the exception being Colombia), expected 2014 growth decreased between the May and June surveys. Indeed, expected growth fell in Brazil (0.4%), Chile (0. 2%), Guatemala (0.1%), Mexico (0.1%), Paraguay (0.2%), Peru (0.2%) and Uruguay (0.2%). Expected growth now ranges between 5.0% (Peru) to 1.2% (Brazil). The GDP weighted average inflation expectation for the region for 2014 is 5.3% and the GDP weighted average growth expectation is 2.1%. Inflation expectations rose in Chile (0.1%), Colombia (0.2%), Paraguay (0.1%) and Peru (0.1%) and fell in Guatemala (0.1%).