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Asia, and in particular Southeast Asia, could stand out as an economic outlier as the global economy descends into a possible recession next year, economists say. 

Asia's biggest economic problems next year will stem from rising interest rates. These will put increasing pressure on debt servicing in Asia and heighten capital flight from the region

"All regions will be affected, but alarm bells are ringing most for developing countries, many of which are edging closer to debt default," the UNCTAD warned.