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Paul Donovan

Paul joined UBS Wealth Management in August 2016, and is the Global Chief Economist. He is a member of the Global Investment Committee, a UBS Opinion Leader, a sponsor of UBS Speak Up and a UBS Pride Ally. Paul is responsible for developing and presenting the UBS economic outlook, marketing the view around the world. He started at UBS Investment Bank as an intern in 1992, and was Global Economist. He has an MA in Philosophy, Politics and Economics from Oxford University, and an MSc in Financial Economics from the University of London. He is an Honorary Fellow of St Anne's College Oxford, appears regularly in print and broadcast media, and is the author of several books (all available from

Paul Donovan recently

Economic commentary discussing the current issues that are affecting economies and financial markets around the globe.

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Appearances in the media 

What does inflation mean for you?

(16 January 2017)
Inflation is back. Actually, inflation never went away. The world has been living in an inflation …. Read more (PDF, 191 KB)

Previous article

Does technology trigger deflation (PDF, 195 KB) (September 2016)
The return of the political economy
(August 2016)
Rate cuts are better than negative rates
(July 2016)
No referendum is an island (PDF, 252 KB) (June 2016)
Globalisation's last gasp (PDF, 322 KB) (May 2016)
The global economy is stronger than you think (PDF, 342 KB) (March 2016)
What lies beneath (PDF, 255 KB) (February 2016)


Video appearances

Please be aware that all these links take you to external websites.

January 2016:

Dollar May Weaken Even as Fed Raises Rates

September 2015:

Has China caused an Asian crisis?
What happens if the Fed lifts off in September?

August 2015:

Can Japanese equities rise without a weaker currency?
Will Chinese volatility spill over to its economy?

July 2015: 

Will the equity bull market continue?