Meet our GWM Chief Economist

Paul Donovan

I am the Chief Economist of UBS Global Wealth Management. I believe passionately that economics is something everyone can and should understand. We all make economic decisions all of the time. The problem is that economists tend to wrap economics in jargon and equations. We do not need to do that. It is my job to help people realise what they probably already know – by developing and explaining the UBS economic view in a clear way. To do this, I publish research (most of which you can find here) and appear in various print and broadcast media.

I tend to think of myself as a political economist, not a mathematical economist. I get very excited about lots of things in economics. Diversity, inflation, education, trade, inequality, and social change are some of the topics I am very enthusiastic about.

I joined UBS back in 1992 as an intern economist working in our investment bank. Decades later, I am still working as an economist at UBS. That probably says something about me, being an economist, working for UBS, or all three. As Chief Economist I sit on the Global Investment Committee. I am a UBS Opinion Leader and a UBS Pride Ally. I am also part of the UBS Nobel Perspectives program, and a supporter of the UBS Women in Economics program.

I have an MA in Philosophy, Politics and Economics from Oxford University and an MSc in Financial Economics from the University of London. I am also an Honorary Fellow of St Anne’s College, Oxford and sit on their investment committee and development board. As for my hobbies, I am an amateur light-heavyweight boxer (prepared to defend my forecasts in the ring) and a keen if very definitely amateur skier.

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Discover the Chief Economist's comment

Occasional articles answering some of the important economic questions of today.

31 October 2019 Is the trade conflict hurting less?

The economic damage from taxing trade should fade over time. But what has changed?

08 October 2019 Does anti-LGBTQ+ prejudice do more damage than we think?

Discover why the problem of prejudice is bigger than we might think. This is particularly true for prejudice against non-heterosexual people (LGBTQ+)

30 May 2019 Is anyone winning on trade?

The September 2018 trade taxes on China run to 194 pages of detailed items. Taxes on these goods have now been raised from 10% to 25%. But has trade been directly affected by the tax?

24 April 2019 What's up with manufacturing?

A lot of the recent economic growth slowdown has been caused by a decline in manufacturing. So what has happened to making things?

28 January 2019 What's happening everywhere else?

There is a point in every economic cycle when economists say "my country is doing fine; it is the rest of the world I worry about."

21 November 2018 Are trade taxes changing trade?

The US began raising consumer taxes on imports over nine months ago. How have these tariffs changed global trade?

Interested in more insights?

UBS Nobel Perspectives: Answering questions that will shape tomorrow

Groundbreaking insights from Economic laureates.

Women in Economics 

Women in Economics is an expansion of our ongoing Nobel Perspectives program, with the aim to focus on economists who are in the middle of their careers, but have already made a major impact in their fields.


Appearances in the media

A selection of recent appearances, in the print, television, radio and on-line media