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Economic Outlook in Key Markets Real GDP (Annual % Change) 2000-15 Country 2016A 2017F 2018F Avg. Mexico 2.4 2.3 2.0 2.5 Peru 5.3 3.9 2.5 3.7 Chile 4.3 1.6 1.8 2.4 Colombia 4.3 2.0 2.0 2.8 2000-15 2016A 2017F 2018F Avg. Canada 2.2 1.4 2.5 2.0 U.S. 1.9 1.6 2.2 2.4 Source: Scotia Economics, as of May 3, 2017 24 24 Scotiabank®

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