Is it legal to initialize a thread_local variable in the destructor of a global variable?

This program:

#include <iostream>

struct Foo {
    Foo() {
        std::cout << "Foo()\n";
    }

    ~Foo() {
        std::cout << "~Foo()\n";
    }
};

struct Bar {
    Bar() {
        std::cout << "Bar()\n";
    }

    ~Bar() {
        std::cout << "~Bar()\n";
        thread_local Foo foo;
    }
};

Bar bar;

int main() {
    return 0;
}

Prints

Bar()
~Bar()
Foo()

for me (GCC 6.1, Linux, x86-64). ~Foo() is never called. Is that the expected behaviour?