6. Indicate the likely direction (increase or decrease) that will occur with a country's current balance based on the following events: Likely Increase or Event Decrease in Country's Current Account An increase in Syrian refugees to Germany leads to an increase in low-skilled labor contributing to lower base wages and an increase in unemployment. What happens to the current balance in Germany? The U.S. experiences a robust 4% GDP growth while other developed countries are experiencing growth of 2% or less. What happens to the current balance in the U.S.? The value of the Nicaraguan Cordoba declines relative to the dollar and other international currencies due to political unrest associated with the recent elections. What happens to the current account in Nicaragua due to the decline in value of their currency? Inflation in China increases by 5% when inflation in the United States is at 2%. What happens to the current account in China as a result of the inflation differential? President Trump institutes a 25% tariff on imported steel and aluminum designed to help U.S. steel and aluminum manufactures compete against international imports. What happens to the current account of the U.S. as a result of this transaction