Scotiabank: Colombian Market and Financial Overview
% OF GDP
Canadian Economy
Diverse sources of growth with a strong balance sheet
20.9%
Finance, Insurance,
& Real Estate
15.1%
Other
3.7%
Transportation
& Warehousing
6.1%
Professional,
Scientific,
& Technical
Services
7.1%
CANADIAN GDP
BY INDUSTRY
(Aug 2020)
Public Administration
GDP Forecast 2020: -5.7%
General Government Net Debt in 2020
12.4%
Real GDP Growth
Health & Education
7.5%
10.9%
Wholesale &
Retail Trade
- 10.0%
Manufacturing
6.4%
Mining and Oil
& Gas Extraction
Construction
GDP Forecast 2021: +4.1%
3
N
ANNUAL % CHANGE
C
U.S.
Canada
Eurozone
U.K.
Japan
2010-2018
2019-2021f
Sources: Scotiabank Economics, Haver Analytics, Statistics Canada.
Forecasts as of Oct 14, 2020.
Government Financial Deficits in 2020
0
-5
(8.2)
(10.8)
-10
(13.0)
177.1
(14.2) (14.4)
148.8
-15
(16.5)
(18.7)
(18.7)
106.8
110.0
96.1
98.1
-20
49.0
54.1
% OF GDP
-25
GE
FR IT JN
Canada Germany OECD
U.K.
U.S.
France
Italy
Japan
Adv.
Econ.
CA*
UK
US
* Canadian government net debt obtained from Scotiabank Economics' Federal Economic and Fiscal
Snapshot (July 8, 2020).
* Canadian federal deficit reflects Scotiabank Economics' forecast as of Oct. 14, 2020.
Sources: Scotiabank Economics, IMF Fiscal Monitor (October 2020 estimates), CBO.
58
Sources: Scotiabank Economics, IMF Fiscal Monitor (October 2020).View entire presentation