Scotiabank: Colombian Market and Financial Overview
Economic Outlook in Core Markets
Real GDP Growth Forecast (2019-2021)
Real GDP (Annual % Change)
Forecast 1,2
2010-19
Country
2020
2021
Average
Q1
Q2
Q3E
Q4F
FY
Q1F
Q2F
Q3F
Q4F
FY
Canada
2.2
-0.3
-12.5
-5.2
-4.9
-5.7
-2.4
11.5
3.7
4.1
4.2
U.S.
2.3
0.3
-9.0
-2.9
-2.7
-3.6
-1.2
10.1
3.9
3.9
4.2
Mexico
2.7
-1.3
-18.7
-8.6
-7.6
-9.1
-5.0
15.1
21
2.1
3.0
3.8
Peru
4.8
-3.5
-29.8
-9.4
-3.3
-11.5
-0.8
30.1
4.4
6.3
10.0
Chile
3.6
0.2
-14.5
-9.1
2.6
-5.2
1.5
15.3
7.5
-2.1
5.6
Colombia
3.8
1.4
-15.7
-9.3
-6.2
-7.5
-3.2
14.1
5.8
3.4
5.0
PAC Average
3.7
-0.5
-16.7
-7.4
-3.7
-7.1
-1.9
16.0
4.6
=1
3.1
5.5
Source: Scotiabank Economics.
1 Forecasts for Canada and U.S. as of the December 4, 2020 Scotiabank Global Forecast Tables.
2 Forecasts for PAC countries as of the November 28, 2020 Latam Weekly publication.
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