Strategic Economic and Financial Overview

37 38 Economic Outlook in Key Markets Real GDP (Annual % Change) 2000-10 Country 2011e 2012F 2013F Avg. Mexico 2.1 4.2 3.7 3.6 Peru 5.5 7.0 6.3 6.2 Chile 4.6 6.1 5.1 5.7 Jamaica 0.7 1.5 1.2 1.5 Colombia 4.0 5.9 4.9 5.0 Costa Rica 4.1 4.2 3.8 4.0 Dominican Republic 5.4 4.5 4.4 4.8 Thailand 4.4 0.1 5.0 4.0 2000-10 2011 2012F 2013F Avg. Canada U.S. Scotiabank 2.2 2.4 1.9 1.8 1.8 1.8 2.1 1.9 Source: Scotia Economics, as of August 1, 2012. Unrealized Securities Gains ($ millions) Q3/12 Q2/12 Emerging Market Debt 269 249 Other Debt 345 267 Equities 439 443 1,053 959 Net Fair Value of Derivative Instruments and Other Hedge Amounts (230) (131) Total 823 828 Scotiabank

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