Revelations of Expectations in Latin America

The May surveys of expectations conducted by Central Banks in the region indicate that the simple average of growth expectations in 2020 decreased by 2.2 percentage points from -2.3% to -4.5% and the simple average of inflation expectations decreased by 0.2 percentage points from 3.7% to 3.5% with respect to April’s surveys. This decrease reflects the updating of expectations based on the Covid-19 crisis in the region. 

In the case of expectations for 2021, the May surveys indicate that the simple average of growth expectations increased by 0.2 percentage points from 3.4% to 3.6% and the simple average of inflation expectations increased by 0.1 percentage points from 4.0% to 4.1% with respect to April’s surveys. The only country where growth expectations decreased was Uruguay. 

Expectations for the year

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WHAT IS REVELA ?

REVELA is a free Web-based monthly service on inflation and growth expectations in Latin America. REVELA's Web site offers an up-to-date report and a database with historical information. This service compiles data from the expectations surveys of eight Latin American Central Banks that have inflation-targeting regimes. REVELA does not represent official projections by the IDB or any other official institution.

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