Revelation of Expectations in Latin America (REVELA): Issue 61: April, 2016
Sosa, Mariano; Powell, Andrew
According to the surveys conducted by Central Banks in the region, 2016 growth expectations fell by 0.1% in March compared to the previous month and inflation expectations rose by 0.1%. At the individual country level, growth expectations fell in six countries, remained constant in one and rose in another one. Inflation expectations decreased in one country, remained constant in four and rose in three. Growth expectations fell by 0.3% in Paraguay, by 0.2% in Brazil, Chile and Guatemala and by 0.1% in Mexico and Uruguay. They remained constant in Colombia and increased in Peru by 0.2%. Growth expectations are highly heterogeneous for the eight countries of the sample ranging from -3.6% in Brazil to 3.6% in Guatemala. Inflation expectations for 2016 increased by 0.2% in Colombia, Guatemala and Uruguay, remained constant in Chile, Mexico, Paraguay and Peru, and fell by 0.2% in Brazil. Inflation expectations range from 3.3% in Mexico to 9.9% in Uruguay.