1 Internal estimates suggest that a shock of that size in China alone would bring down GDP in the euro  1  World Economic Outlook, April 2013, Chapter 2. BIS central bankers’ speeches  1  area by 0.1–0.2%.
2 However, these impacts could be larger if the shock was accompanied by confidence effects, a rise in global risk aversion and capital flow reversals Since the financial crisis, growth in emerging markets has come down considerably, currently standing at about 4% as compared with over 6% in the period 2000–07.