Inflation in Britain rose strongly in December as the Brexit vote caused the pound to weaken pushing up the cost of imported raw materials.
Business Line looks at the great expectations for 2017 with the eurozone economy maybe showing some signs of recovery after years of malaise.
Several economists have admitted they were mistaken to predict the UK economy would immediately suffer after the vote to leave the EU.
Economic sentiment in the eurozone was much better than expected in December while German industrial orders pointed to a busy final quarter.
This is the Brief from Brussels, a roundup of the top stories from Europe’s political capital.
Inflation in Germany jumped in December - up 1.7% on the year - due to costlier energy and food while unemployment there fell more than expected.
Lower energy prices cut eurozone inflation in November. Items that were more expensive included meals in restaurants and cafes, rents and cigarettes.
British consumer prices were 1.2 percent higher in November than a year earlier, pushed up by more expensive clothing and technology goods.
Talks between the Venezuelan government and a coalition of opposition parties have reached a stalemate which facilitators from the Vatican are hoping to break.
Monthly Eurostat figures showed consumers stocked up on non-food products, such as clothing and electrical goods.
It was spend, spend, spend in Britain in October as retail sales surged by 1.9 percent from September and jumped 7.4 percent from a year ago.
Inflation in Britain slipped slightly in October, but Bank of England Governor Mark Carney has warned higher prices are on the way in the UK.
Egypt is to get an International Monetary Fund bailout loan, but can it bring down public debt, control inflation and protect the country's poor?
Japan's economic growth was stronger than expected in Q3 but the election of Donald Trump is casting uncertainty over its export prospects.
As expected, the Federal Reserve has kept interest rates unchanged and reinforced expectations for higher borrowing costs in December.
Eurozone economic growth in Q3 was at the same slow 0.3 percent pace as in Q2. Inflation picked up slightly in October to 0.5 percent year-on-year.
US consumer prices rose in September - up 1.5 percent year-on-year - keeping the Federal Reserve on track to raise the cost of borrowing in December.
Inflation in Britain jumped in September, and it was mostly more expensive clothes and costlier fuel which pushed it up, rather than the weaker pound.
Eurozone inflation got a caffeine and nicotine fuelled boost in September as people paid more in restaurants and cafes. Cigarette prices also rose.
Bank of England Governor Mark Carney has warned inflation will rise with the falling value of the pound pushing up prices.
Unemployment in the eurozone was unchanged in July at 10.1 percent of the workforce - the lowest in five years.
Inflation in Britain was boosted in June by more expensive airfares as football fans flew to France for the Euro 2016 championships.
Eurozone consumer prices rose in June for the first time since January, rising by 0.1 percent from June last year.
Japanese consumer prices fell for the second month running in April dealing a further blow to Prime Minister Shinzo Abe's anti-deflation efforts.
Inflation in British slipped in April for the first time since September last year. Consumer prices rose 0.3 percent from April 2015 as the cost of airfares and clothes fell.