We should look forward with measured optimism

At the beginning of every year we look ahead at what is possible and rarely factor in unexpected events always out there, writes Jim Power.

Every January for 10 years has been characterised by deep uncertainty and foreboding. This year, all available evidence would suggest we should be able to look forward with measured optimism.

The year just past was a good one for the global economy, and unemployment and high levels of government debt eased somewhat on the back of stronger economic growth. It is amazing how a bit of growth can make the most insurmountable problems look less threatening.