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Euro area monetary policy has been highly accommodative, and the euro area economy is getting back on track. An abrupt halt in the Chinese economy would be the greatest risk to euro area growth. The articles were first published in Finnish on 24 September 2015.

According to the Bank of Finland forecast, later summer developments in China have increased the degree of uncertainty in the international economy. World trade growth is also slower than before.

The ’Great Recession’ has lasted seven years now, with a permanent weakening in economic growth. Structural reforms are now needed to kick-start growth.