International Banking and Growth

Economic Outlook in Key Markets Real GDP (Annual % Change) 2000-13 Country 2014E 2015F 2016F Avg. Mexico 2.4 2.1 2.8 3.6 Peru 5.6 2.4 4.4 5.3 Chile 4.4 1.8 2.7 3.9 Colombia 4.2 4.8 3.5 4.0 Thailand 4.1 0.7 4.0 4.0 2000-13 2014E 2015F 2016F Avg. Canada 2.2 2.4 1.9 2.0 U.S. 1.9 2.4 3.1 2.9 Source: Scotia Economics, as of February 27, 2015 23 23 Scotiabank®

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