A couple of the world's biggest central banks are in action this week as monetary policy meetings at both Bank of Japan and the European Central Bank deliver decisions on Tuesday and Thursday respectively.
Purchasing manager surveys for the first month of 2018 also get underway this week, while official growth data updates in the US and UK are scheduled for Friday.
But first, let's take a look at the UK labour market, and more specifically wage data, which has formed an important part of the growth equation in the UK in the past year.
UK annual average earnings
While this might seem to many a piece of second-tier information, it has proven to be among the most important factors in the trajectory of UK growth in recent months.
At the previous count in November, annual average earnings growth of 2.5% - up from October's 2.3% - was a welcome uplift. But shoppers battling 3.1% consumer price inflation in the same month saw their household budgets squeezed for another month. This has had much negative impact on retail spending in recent months, as displayed in December's official retail sales data.
Many analysts now believe, however, that inflation has peaked. Ruth Gregory, UK economist at Capital Economics, said: "The squeeze on households’ real incomes is set to ease as inflation falls back and pay growth picks up pace – there should be scope for retail spending volumes to pick up momentum.
Analysts expect the rate of earnings growth to fall back to 2.3% in December, and if this is the case the pound would be expected to weaken. If employers have been generous in December, watch sterling climb.
European Central Bank rate call
Mario Draghi is expected to lead the ECB governing council in another decision to leave policy settings on hold on Thursday.
With inflation at just 1.4% in the eurozone there's little compulsion for the ECB to raise rates, and Draghi is expected to confirm that the asset purchase programme will continue, as scheduled, until September despite the region's robust levels of growth.
"We expect Draghi to convey a rather dovish message, pointing to still weak inflationary pressure and also emphasising the disinflationary impact from a stronger euro," says James Knightley, chief international economist at ING.
Given its recent strength, expect the euro to gain on anything but the most dovish of statements from Draghi.
Bank of Japan rate call
Policy is expected to be left on hold with rates close to zero, but so-called "stealth tapering" was announced on 9 January as the BoJ trimmed by Y10bn its purchases of Japanese Government Bonds.
Given the strong market reaction - with gains for the yen - to this announcement, some analysts expect Governor Kuroda to strike a dovish tone at Tuesday's meeting.
"We expect the governor to reiterate the central banks' stance that the quantity of JGB purchases is an endogenous variable and could slow or reaccelerate depending on trends in the economy and financial markets," says Izumi Devalier at Bank of America Merrill Lynch.
A dovish announcement is likely to see enthusiasm for the yen fade a little.
US and UK growth updates
Both announcements are on Friday and in the US the annualised growth rate is expected to have cooled to 3% in the fourth quarter, from 3.2% in the third. Dollar bulls will be backing a stronger pace of growth, however.
Fourth-quarter gross domestic product growth is also expected to have slowed a little in the UK - down to an annual pace of 1.5% from the third quarter's 1.7% rate. After several months of gains against the dollar, a weaker reading could drive some correction in the dollar/sterling rate. Further losses versus the euro could also be expected.
Best of the rest
Further sentiment surveys on the German economy are published this week with ZEW economic confidence on Tuesday and IFO business sentiment on Thursday.
Purchasing manager surveys are also a feature of the week, with data published on Wednesday from the manufacturing and services sectors of the eurozone and Japanese equivalents on Wednesday.
UK Public Sector Net Borrowing data is published on Tuesday.
Reporting from the US this week: Halliburton and Netflix are on Monday, while Capital One, Johnson & Johnson, Procter & Gamble and Verizon Communications report on Tuesday. Wednesday sees GE and Ford, while Friday brings Caterpillar, Intel and Starbucks to market.
It's a big week for banks in the UK with trading updates from HBoS and Lloyds Banking Group on Tuesday, as well as IG Group, while Barclays reports on Wednesday and HSBC on Friday. On Thursday Diageo, Kaz Minerals and SKY report.