Eurozone stability keeps tracker holders in good place

Amidst all of the political chaos that has enveloped the world over the past year, the emerging global growth recovery has been gaining scant attention, other than by equity markets.

We were promised, in the aftermath of the Brexit referendum, last June, that the UK economy would experience an immediate, sharp slowdown in growth; I heard numerous US commentators predicting that their economy would go into immediate recession in the event of a Donald Trump presidential victory; the eurozone economy was projected by many to remain in the deep doldrums for 2017, and China to remain a source of deep uncertainty for the global economy.

To date, none of those predictions has borne fruit. Instead, all of the aforementioned regions have been gathering positive momentum. In the final weeks of 2016, and so far in 2017, the economic news from the eurozone has been steadily, albeit not spectacularly, better. However, any good news on the zone has to be welcomed.