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Bloomberg Economists & Analysts Issue Outlook for 2013 Year End

June 26, 2013

HONG KONG — Data, analysis and insights will help investors
cope as Asia’s vibrant economy faces increased uncertainty,
according to a 2013 Year End Outlook by Bloomberg BRIEF
Economists and Bloomberg Industries Analysts announced today.

China’s growth is slowing, Japan is launching dramatic new
reform initiatives and aging, urbanizing populations across the
region carry multifaceted implications. The 32-page Bloomberg
Asia Mid-Year 2013 Outlook examines key themes across a cross
section of 11 important industries and six countries, with
insights from Bloomberg BRIEF Economists and Bloomberg
Industries Analysts.

Highlights of the Asia Pacific economic landscape in the report
include:

Australia – Australia’s economy is showing less resilience to
China’s slowdown, with growth falling below the 3 percent trend
in the first quarter owing to less support from investment.

China – China’s growth outlook has diminished, while the
country’s new leaders are signaling an unprecedented tolerance
for slower growth.

India – Growth has been below 5 percent in the last two
quarters, the slowest since March 2009. Weakness has been broad-based, including a slowdown in government spending to 0.6
percent after inflation from 7.6 percent a year earlier.

Indonesia – Indonesia’s economic growth is among the healthiest
in Asia, yet foreign portfolio investors appear more inclined to
invest elsewhere in the region.

Japan – The “third arrow” of Abenomics — has been disappointing
so far. Still, its eventual implementation and probable
reinforcement may help stabilize Japan’s markets, alleviating
some pressure for yen appreciation.

Philippines – Growth at 7.8 percent in the first quarter
eclipsed China, as investment surged almost 48 percent compared
with a year ago.

Singapore – Singapore’s economic growth stalled in the first
quarter, slowing to 0.2 percent from 1.5 percent a year earlier,
amid ongoing crisis in Europe and a slowdown in China.

South Korea – A flailing domestic economy, tepid external demand
and adverse pressures from a weaker yen are forcing South Korean
policy makers to react aggressively to stabilize growth.

Bloomberg Industries Analysts explore critical themes facing
companies in 11 key industries including:

Technology: iPad tablets, smartphones drive memory semiconductor
demand at a point of constrained supply

Financials: Capital and dividend signals could be catalysts for
China, India and South Korea’s lagging banks

Consumer: Consumer and regulator focus on food safety could spur
international link-ups

Gaming: Cyclical, structural drivers support Macau’s growth,
while new resort risks emerge

Autos: Asian sales set to outpace the global market with China,
as ASEAN drives Japanese sales

Shipping: Maersk mega vessels may add to pricing pressures for
Asia container-shipping

Basics: Asian chemical makers struggle as U.S. rivals profit
from cheap shale gas

Metals: Steel ’super cycle’ end may trigger iron ore glut as
miners pursue expansion

The full Bloomberg BRIEF & Bloomberg Industries 2013 Year End
Outlook report is available to subscribers of the Bloomberg
Professional service by typing {BI<GO>} and going to special
reports. Non-subscribers can request a copy by emailing
asiapacsales@bloomberg.net or calling Bloomberg Customer
Service, 24 hours/7 days a week, at +65-6212-1000.

Bloomberg BRIEF newsletters align reporting, insight and
analysis of senior editorial staff and senior economists,
offering access to proprietary data and news. Subscribers to the
Bloomberg Professional service can get them for free by typing
{BRIEF<GO>}. Non-subscribers should email bbrief@bloomberg.net
for more information.

Bloomberg Industries offers valuable industry data, interactive
charting and written analysis from a team of independent
experts, giving trading and investment professionals deep
insight into where crucial industries stand today and where they
may be heading next. Subscribers to the Bloomberg Professional
service can access all the research at {BI<GO}. Non-subscribers
can get more information at www.bloomberg.com/industries

About Bloomberg

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Media Contacts:

Bloomberg APAC, Pam Snook, +65-6231-3637, pamsnook@bloomberg.net

Bloomberg China, Helen He, hhe53@bloomberg.net, +86-10-6649-7953