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Investor Presentaiton

Economic Outlook in Core Markets REAL GDP (ANNUAL % CHANGE) Forecast 1,2 Country 2010-20 Average 2021 2022E³ 2023 2024 Q1F Q2F Q3F Q4F Full Year Full Q1F Q2F Q3F Q4F Year Canada 1.6 5.0 3.6 2.2 1.3 0.5 0.4 1.1 0.7 1.4 2.0 2.3 1.6 U.S. 1.8 5.9 2.1 1.7 17 1.7 0.9 0.5 1.2 0.5 1.0 1.4 1.6 1.1 Mexico 1.7 4.7 3.0 1.0 0.6 0.9 0.7 0.8 2.5 1.4 2.2 1.6 1.9 Chile 2.5 11.7 2.7 0.0 (3.0) (2.5) (1.3) (1.7) 100 0.1 3.5 3.2 4.4 2.8 Peru 3.1 13.3 2.7 1.1 2.8 1.7 2.6 2.1 2.9 2.4 2.4 2.0 2.4 Colombia 2.7 11.0 7.5 1.7 1.7 17 1.7 13 1.1 1.5 2.6 2.7 2.4 2.4 2.5 PAC Average 2.5 10.2 4.0 1.0 0.5 0.4 0.8 0.7 2.0 2.5 2.5 2.6 2.4 1 Forecasts for Canada and U.S. as of the February 6, 2023 Scotiabank Economics Global Forecast Tables 2 Forecasts for PAC countries as of the February 10, 2023 Scotiabank Economics Latam Weekly 3 The annual GDP 2022 data for Colombia and Peru are actuals as of February 15, 2023; the remaining countries are estimates 23 223
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