Revelation of Expectations in Latin America (REVELA): Issue 37: November, 2013

Date
Nov 2013
The October 2013 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that both average growth expectations and average inflation expectations for 2013 have remained stable. However, expected 2013 growth fell in Mexico by some 0. 2% comparing the October to September surveys, while other countries saw rebounds - Brazil (0. 1%), Guatemala (0. 1%), Paraguay (0. 2%), and Uruguay (0. 2%). Expected growth now ranges from 11. 8% (Paraguay) to 1. 2% (Mexico). The simple average inflation expectation for the region for 2013 is 4. 5%, whereas the simple average expectation for growth remained at 4. 5%, and GDP weighted growth remained stable at 2. 5%. Inflation expectations fell in Chile (0. 2%), Mexico (0. 1%) and Paraguay (0. 2%) and rose in Uruguay (0. 5%).