Much of industry's earlier ebullience was founded on export sales, which made the euro area vulnerable to a global downturn.

前些时候工业上的繁荣局面很大程度上是建立在出口销售上的，而这使得欧元区经济很容易受到全球经济下滑的冲击。

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The euro area had leant heavily on strong export growth to keep it moving.

ECONOMIST: Europe��s monetary policy

It could also bring to a halt the appreciation of the euro against the dollar that is hurting the export-reliant euro area.

ECONOMIST: The Bank of England yanks down its growth forecast