Scotiabank Investor Day Summary

ECONOMIC OUTLOOK IN KEY MARKETS Growth expected to accelerate across the Pacific Alliance 2018 AND 2019 REAL GDP GROWTH FORECAST (%) Real GDP (Annual % Change) Country 2000-16 Avg. 2017 2018F 2019F Mexico 2.2 2.0 2.1 2.5 Peru 5.1 2.5 3.5 4.0 Chile 4.0 1.5 3.7 3.9 Colombia 4.0 1.8 2.5 3.5 2000-16 Avg. 2017 2018F 2019F Canada 2.1 3.0 2.2 2.0 U.S. 2.0 2.2 2.8 2.3 Source: Scotiabank Economics. Forecasts as of August 2, 2018. Scotiabank | 62

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