Twelve months ago the world’s business and political leaders gathered in Davos against a backdrop of global political and economic uncertainty. Many of the attendees were bewildered by the EU referendum vote in the UK and the election of Donald Trump. On the back of these results there were fears what the rest of 2017 had in store for the global economy.

On the surface, 12 months on, it looks to be in rather better shape than was predicted by some. The scars from the recent financial crisis are belatedly starting to fade. Economies are growing and markets are hitting record highs.