In good times and in bad ones, leading wealth management institutions and Lebanese families and individuals are connected via a bond of mutual interests in profits and wealth preservation. Among the torchbearers of this bond are the top-rated economists of Swiss banks who come to visit Lebanon with clockwork regularity. Usually, they bear at least some glad tidings. But instead of incense and myrrh, they carry presents of economic insight and advice. So it was also this year. Executive shared the benefit of enjoying, from three floors above a Downtown street still strewn with debris from the previous night’s protest, elaborations on the state of the global economy by Paul Donovan, UBS’s Managing Director, Global Economics. Among the topics he discusses is China, which Donovan sees as still a good distance away from being integrated into the East Asian economy and whose slowing performance he believes is less of a
