Revelation of Expectations in Latin America (REVELA): No. 6 : October, 2007
REVELA analyzes market expectations of growth and inflation in Latin America countries. The figures analyzed represent the results of surveys of private sector actors conducted by the central banks of the each country according to their own specific methodologies. They do not represent official projections by the IDB or any other official body. RES collects the results of these surveys from participating central banks on a monthly basis to produce a report and a set of illustrative graphs and tables. The October issue of REVELA reports that despite the slow down in the U.S. economy, growth expectations for 2007 continued to rise in five countries and growth expectations for 2008 continued to rise, although the simple average growth rate decreased marginally - due to falls in Chile and in Bolivia. Inflation expectations however continue to move up for most countries surveyed. In Paraguay inflation for 2007 is now expected to come in at 7.68%, up from 5.81%, and inflation expectations are now 11.83% for Bolivia and 6.3% for Chile. Expectations for 2008 inflation in Chile remain significantly lower at 3.30%.