After a difficult start to the year the global economy has strengthened in the second half of 2016. A number of shocks hit the global economy stemming from political sources. The UK voted to leave the EU and the US elected Donald Trump its next president. Arguably more surprising is how these shocks have been absorbed. Elsewhere China's growth remains on course to hit the official government target this year. Finally the OPEC deal offers some relief to governments of oil producing economies of the Middle East. Will this momentum be sustained through 2017?