WHAT WOULD BE THE EFFECT ON THE AUSTRALIAN ECONOMY IF AUSTRALIA’S MAJOR TRADING PARTNERS WERE IN RECESSION??

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meg June 8, 2010 at 6:32 pm

People will by fewer products, including Australian exports, so it would cause a slow down in Australian export sectors. Since exports account for about 20% of the GDP it would have a major impact and probably cause a recession if all the trading partners went into recession at the same time.

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