France’s November Industrial Production 2.0% m/m (expected 0.8%; last -2.5%)
Bank of England Chief Economist Pill said that inflation in the U.K. could remain at a high level even if energy prices recede.
The British government is preparing to reduce energy subsidies to businesses by about 85%.
EU Economic Commissioner Gentiloni said that EU inflation appears to have peaked and that a deep recession has likely been avoided. On a related note, Goldman Sachs no longer expects that a recession will take place in the eurozone.