Revelation of Expectations in Latin America (REVELA): Issue 35: September, 2013

The August 2013 surveys of expectations conducted by Central Banks with inflation targeting regimes indicate that growth expectations have fallen while average inflation expectations remained constant. The simple average inflation expectation for the region for 2013 is 4. 4%, whereas the simple average expectation for growth is now 4. 5%, although GDP weighted growth fell to 2. 5%. Expected growth for 2013 fell in Mexico by some 0. 9% comparing the August to July surveys, while other countries saw milder declines - Brazil (0. 1%), Chile (0. 1%), Colombia (0. 1%) and Peru (0. 3%). Inflation expectations fell in Guatemala (0. 1%) and Mexico (0. 1%) and rose in Chile (0. 1%) and Peru (0. 2%).