Battening down for deflationary headwinds

The global economy teeters precariously on the edge says UBS Warburg''s chief economist, Paul Donovan. Will the Fed''s plan to bring it back from the brink work?

The theme of a lot of your research at the moment has been "inflationary tailwinds and deflationary headwinds". How close is the world to entering a bad deflationary environment?

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