Investor Presentaiton
Economic Outlook in Core Markets
Real GDP Growth Forecast (2022-24)
Real GDP (Annual % Change)
2010-
Forecast 1,2
Country
19
2020 2021
2022
2023
2024
Average
Q1
Q2
Q3E Q4F
Year
Q1F Q2F
Q3F
Q4F Year Year
Canada
2.3
(5.2)
4.5
2.9
4.6
3.3
2.1
3.2
1.3
0.4
0.5
0.3
0.6
1.4
U.S.
2.3
(3.4)
5.9
3.7
1.8
1.8
0.0
1.7
0.4
0.5
10
0.1
0.4
0.4
1.6
Mexico
2.7
(8.1)
4.8
1.8
2.0
4.2
1.1
2.3
0.7
0.8
0.5
1.8
1.0
1.9
Chile
3.3
(6.0)
11.7
7.4
5.6
0.3
(3.5)
2.1
(1.8)
(2.9)
(1.2)
2.0
(0.9)
2.8
Peru
4.5
(11.0)
13.3
3.8
3.3
1.7
2.3
2.8
1.9
3.0
1.8
2.8
2.4
2.2
Colombia
3.7
(7.0)
10.7
8.7
12.8
7.0
4.0
7.6
1.8
2.0
21
2.1
2.2
2.0
3.0
PAC Average³
3.6
(8.0)
10.1
5.4
5.9
3.3
1.0
10
3.7
0.7
0.7
0.8
2.2
1.1
2.5
Source: Scotiabank Economics
1 Forecasts for Canada and U.S. as of the October 17, 2022 Scotiabank Economics Global Forecast Tables
² Forecasts for PAC countries as of the November 4, 2022 Scotiabank Economics Latam Weekly
3 Simple average
20
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