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Economic Outlook in Key Markets Real GDP (Annual % Change) 2000-13 Country 2014 2015F 2016F Avg. Mexico 2.4 2.1 2.5 3.1 Peru 5.6 2.4 3.1 4.1 Chile 4.5 1.9 2.4 3.1 Colombia 4.2 4.6 3.0 3.2 Thailand 4.4 0.9 3.2 3.7 2000-13 2014 2015F 2016F Avg. Canada 2.2 2.4 1.2 2.0 U.S. 1.8 2.4 2.3 2.8 Source: Scotia Economics, as of July 30, 2015 26 26 Scotiabank®

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