Scotiabank Financial Review Q2 2019

ECONOMIC OUTLOOK IN KEY MARKETS Macro economic growth outlook remains positive for the Pacific Alliance countries Real GDP (Annual % Change) Country 2017 2018 2019F 2020F Canada 3.0 1.8 1.6 2.1 U.S. 2.2 2.9 2.4 1.9 Mexico 2.1 2.0 1.4 1.3 Peru 2.5 4.0 4.0 4.0 Chile 1.5 4.0 3.2 3.2 Colombia 1.8 2.6 3.4 3.8 Source: Scotia Economics, as of April 12, 2019 Scotiabank® 37

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