Revelation of Expectations in Latin America (REVELA): No. 14 : June, 2008
Powell, Andrew; Salazni, Mariana
REVELA analyzes market expectations of growth and inflation in Latin American countries. The figures analyzed represent the results of surveys of private sector actors conducted by the central banks of 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 June issue, REVELA reports that growth expectations for 2008 on average remained almost unchanged in Latin America, with a simple average expected growth rate of 5.14%. The expected 2008 growth rate increased in Bolivia, Brazil, Colombia and Uruguay, while it decreased in Costa Rica, Guatemala, Mexico, Paraguay and Peru. On the other hand, inflation expectations continue to rise; now the expected inflation rate for 2008 is 8.48%, 0.53% higher than last month. Inflation expectations for 2009 also increased from 7.47% to 7.90%.