Revelation of Expectations in Latin America (REVELA): Issue 59: January, 2016
Sosa, Mariano; Powell, Andrew
According to surveys conducted by Central Banks in the region, 2016 growth expectations have decreased by 0.2% and inflation expectations have increased by 0.2% in January. At the individual country level, growth expectations fell in six countries and remained constant in two. Inflation expectations increased in seven countries and fell in one. Growth expectations for 2016 decreased in Paraguay by 0.7% followed by Brazil and Colombia, falling 0.3% and 0.2% respectively compared to the previous month. Further declines were observed in Chile, Guatemala and Uruguay, all by 0.1% in the three cases. Growth expectations remained constant in Peru at 3.2% and in Mexico at 2.7%. Inflation expectations for 2016 increased in Guatemala by 0.7%, in Uruguay by 0.5%, in Brazil and Colombia by 0.2% in both cases, and in Chile, Paraguay and Peru by 0.1% in all three cases. Mexico is the only country where 2016 inflation expectations fell (by 0.2%) compared to the expectations as of December 2015.