Revelations of Expectations in Latin America
The October 2017 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that the simple average growth rate expected for 2017 for the eight countries covered by REVELA remained stable at 2.4% compared to September. Similarly, the GDP-weighted average of growth expectations remained constant at 1.5% in October. Inflation expectations for 2017 declined by 0.1% in October under both the simple average basis and the GDP-weighted average basis from 4.2% to 4.1%. At the individual country level, growth expectations rose by 0.2% in Peru and by 0.1% Brazil and Uruguay. They declined by 0.3% in Colombia and by 0.1% Guatemala, and remained stable in Chile, Mexico and Paraguay. Inflation expectations fell by 0.5% in Chile, by 0.2% in Peru and by 0.1% in Colombia and Guatemala. They rose by 0.1% in Brazil and remained stable in Mexico, Paraguay and Uruguay. With these results, growth expectations for the region for 2017 ranged from 0.7% in Brazil to 4.0% in Paraguay, while inflation expectations ranged from 1.8% in Chile to 6.3% in Mexico. Download the full report and data.