Revelation of Expectations in Latin America (REVELA): No 6: March, 2012
Powell, Andrew; Tavella, Pilar
The February 2013 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that movements in inflation expectations have been mixed. The simple average inflation expectation for the region for both 2013 and 2014 is 4. 5%. Inflation expectations rose quite sharply in Paraguay (now at 5. 9% for 2013) and in Uruguay (now at 8. 2% for 2013), while they decreased in Guatemala (now at 4. 5% for 2013) and in Colombia (now at 2. 7% for 2013). Growth expectations for 2013 remained stable at 4.6% and at 3.6% on a simple and on a GDP weighted basis respectively, but with a large range. Paraguay is expecting the highest level of growth for 2013 for those countries covered by REVELA at 7. 6% and Brazil's expected growth for 2013 is 3. 2%. Growth expectations fell quite strongly in Colombia, now at 4.2% for 2013. Download full report and data.