Revelation of Expectations in Latin America (REVELA): No. 20 : December, 2008
Galindo, Arturo; Pinzon, Mauricio
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 December issue, REVELA reports that growth expectations for 2008 decreased with respect to last month's survey. Now the simple average expected growth rate is 5.22%. In the same way, growth is expected to slow in 2009, to an average of 3.12%, down from last month's 3.80% 2009 forecast. On the other hand, the expected inflation rate for 2008 decreased from 9.47% to 9.24%. Inflation expectations for 2009 decreased, reaching a simple average of 8.09%.