Revelations of Expectations in Latin America

The March 2018 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that the simple average of growth expectations for 2018 increased by 0.1% from 3.0% to 3.1% compared to February while the GDP-weighted average remained constant at 2.7%. Meanwhile, inflation expectations for the region for 2018 declined by 0.1% from 3.8% to 3.7% under the GDP-weighted average calculation and remained stable at 4.0% on a simple average basis in March compared to February. At the individual country level, growth expectations for 2018 rose by 0.4% in Uruguay and by 0.3% in Chile, declined by 0.1% in Guatemala and Mexico, and remained stable in Paraguay, Peru, Brazil and Colombia in March compared to the previous month. Inflation expectations for 2018 declined by 0.2% in Brazil and Guatemala, and by 0.1% in Peru compared to February. They rose by 0.1% in Uruguay, and remained constant in Paraguay, Mexico, Colombia and Chile. March 2018 surveys indicated that growth expectations for the region for 2018 ranged from 2.2% in Mexico to 4.0% in Paraguay, while inflation expectations for 2018 ranged from 2.2% in Peru to 7.2% in Uruguay Download the full report and data.