If a country experiences a huge deficit in the current account it is thought to result in the 'exporting of jobs.'

Name: If a country experiences a huge deficit in the current account it is thought to result in the 'exporting of jobs.'
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A current account deficit often implies that a country is importing more goods and services than it is exporting, which can lead to domestic industries losing competitiveness and potentially result in job losses as production may shift abroad.

If a Country Experiences a Huge Deficit in the Current