A recession in major trading partners lowers a country's balance on current account and raises the foreign exchange rate.

Name: A recession in major trading partners lowers a country's balance on current account and raises the foreign exchange rate.
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Question

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A recession in major trading partners lowers a country's exports, leading to a lower balance on current account. It also lowers the demand for the country's currency, leading to a lower foreign exchange rate.

A Recession in Major Trading Partners Lowers a Country's Balance