The global economic recovery is the “worst in 70 years” as Europe’s debt problems persist and the U.S. struggles with low growth rates, said Paul Donovan , deputy head of global economics at UBS AG.
Billionaires attending the World Economic Forum’s annual meeting this week in Davos, Switzerland, expect to be richer when they return to the Alpine village next year.
Economists are raising forecasts for the number of jobs added by U.S. employers in December after a report yesterday showed the biggest jump in company payrolls since records began in 2001.
Paul Donovan of UBS AG talks about the prospects of a euro-zone collapse and his investment strategy.
"Society has always had local currencies, barter systems, and other substitutes for official currency transactions."
- Paul Donovan on Jul 18, 2014
UBS’s Donovan Says Russia Adds to Europe Deflation (Audio)
UBS’s Donovan Says EU Faces Challenge in Labor (Audio)
UBS’s Donovan Likens China to a Beckett Drama
UBS’s Donovan Sees Threat From ‘Parochial Capital’ (Audio)
Stern on Bank Capital; Donovan on Greek Debt: Audio