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Bloomberg Economists & Analysts Issue Outlook for 2013 Year End

Asia Pacific: How to navigate through uncertainty

2013-06-26 17:31
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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

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 315,000 subscribers globally.

Contacts

Media:
Bloomberg APAC
Pam Snook, +65-6231-3637
pamsnook@bloomberg.net
or
Bloomberg China
Helen He, +86-10-6649-7953
hhe53@bloomberg.net
or
Edelman PR for Bloomberg:
Singapore
Rachel Ho, +65-6494-1560/65-9648-6423
Rachel.Ho@edelman.com
or
Hong Kong
Lilian Tai,+852-2837-4705
lilian.tai@edelman.com
or
Indonesia
Michael Reza Say, +62 21 7215 9000
Michael.Say@edelman.com
or
Korea
Lina Jung, + 822-2022-8214/8210 5494 5391
Lina.jung@edelman.com
or
Malaysia
Owen Jayandh, +60-3-2287-8689 / +60-12-201-2524
jayandh.owen@edelman.com
or
Japan
Maki Nakazato, +81 (3) 6858-7738
maki.nakazato@edelman.com
or
Taiwan
Teresa Han, +886-2757-6568, ext. 109
Teresa.Han@edelman.com
or
Philippines
Raul Ramon Lopez-Vito Bucoy II, +632-893-5642
ram@eon.com.ph