Bangkok - Battered by the crisis in developed economies, East Asian economic growth is expected to drop to 6 per cent in 2009, down from 6.9 per cent last year and 9.0 per cent in 2007, the United Nations' World Economic Situation Prospects report predicted Thursday.
In South Asia, the UN's WESP report is forecasting 6.4 per cent gross domestic product (GDP) growth in 2009 compared with 7.0 per cent last year.
South Asia faces a serious problem with outflows of foreign exchange, it warned.
During the first two weeks of October last year, foreign exchange reserves fell by more than 17 billion dollars and in Pakistan, during the same period, foreign exchange reserves fell from 16.5 billion dollars to 7 billion dollars.