Investor Presentaiton
Economic Outlook in Core Markets
Real GDP Growth Forecast (2021-2022)
Real GDP (Annual % Change)
Forecast1,2
Country
2010-19
Average
2020E
2021
2022
Q1F
Q2F
Q3F
Q4F
Year Q1F
Q2F Q3F
Q4F
Year
Canada
2.2
-5.4
-1.5
12.7
5.5
5.1
5.3
6.0
5.2
3.6
2.5
4.3
U.S.
2.3
-3.5
-0.8
11.4
6.3
6.9
5.8
7.3
5.3
3.0
1.7
4.3
Mexico
2.7
-8.3
-5.0
15.1
2.1
3.0
3.3
1.0
1.6
23
2.3
3.6
2.1
Peru
4.5
-11.4
-0.8
30.1
4.4
6.3
8.7
4.5
6.2
3.4
3.4
4.0
Chile
3.3
-6.0
0.3
15.6
7.8
1.8
6.0
0.8
3.3
4.6
5.3
3.5
Colombia
3.7
-7.5
-3.2
14.1
5.8
3.4
5.0
4.2
4.1
3.6
4.2
4.0
PAC Average
3.6
-8.3
-2.2
18.7
5.0
3.6
5.8
2.6
3.8
3.5
4.1
3.4
Source: Scotiabank Economics
1 Forecasts for Canada and U.S. as of the February 4, 2021 Scotiabank Global Forecast Tables
2 Forecasts for PAC countries as of the February 8, 2021 Latam Weekly
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