International Banking Revenue and Loan Growth

ECONOMIC OUTLOOK IN KEY MARKETS Macro economic growth improving for Pacific Alliance countries . Improving economic growth outlook in 2019 for Canada and the majority of the Pacific Alliance countries Real GDP (Annual % Change) Country 2017 2018F 2019F Canada 3.0 2.1 2.2 U.S. 2.2 2.9 2.4 Mexico 2.0 1.8 2.1 21 Peru 2.5 3.7 4.0 Chile 1.5 3.9 3.2 Colombia 1.8 2.5 3.5 Source: Scotia Economics, as of October 15, 2018 Scotiabank® 30

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