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.
Structural reforms can provide an answer to lean years in global economy
Editorial: Monetary policy exceptionally accommodative for a prolonged period
A slower recovery in the euro area would present new challenges for monetary policy. The ECB Governing Council monitors all incoming information. The asset purchase programme provides sufficient flexibility in terms of adjusting the size and duration of the programme. The package of articles on monetary policy and the international economic forecast will be published in English on 2 October 2015.