Revelation of Expectations in Latin America (REVELA): No. 7 : November, 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. In this November issue, REVELA reports that while growth expectations for the US economy have declined for 2007 and 2008, those for Latin America have if anything increased. Growth expectations for 2007 rose in four countries, and for 2008 rose in two. Inflation expectations however continue to move up for most countries surveyed. In Guatemala inflation for 2007 is now expected to be 7.26%, higher than the previous 6.65%. The 2007 expected inflation rate has also increased in Paraguay and Peru The expected average rate of inflation for 2008 for the countries surveyed rose from 6.73% to 6.78%.