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2011 Global Economic and Financial Market Outlook. Cheng-Mount Cheng Asia Pacific Economic and Market Analysis Tel: + 886-2-8726-9096 chengmount.cheng@citi.com. Presentation Prepared on 30 June 2011.

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  1. 2011 Global Economic and Financial Market Outlook Cheng-Mount Cheng Asia Pacific Economic and Market Analysis Tel: + 886-2-8726-9096 chengmount.cheng@citi.com Presentation Prepared on 30 June 2011 See Appendix A-1 for Analyst Certification, Important Disclosures and non-US research analyst disclosures. Citi Investment Research & Analysis is a division of Citigroup Global Markets Inc. (the "Firm"), which does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Strictly Private and Confidential

  2. Global - Global Summary

  3. Global - Economic Forecast Overview

  4. Global - Economic Forecast Overview

  5. Global - Fed’s first rate hike likely delays to 3Q 2012

  6. US - US: We believe a strong recovery in 2H

  7. Euro Area - EU growth likely remains stable

  8. Japan - Japan will likely have a V-shape recovery in 2H

  9. China - China economy will likely remain resilient in 2H

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