Economics provides a way of seeing how society fits together - and by testing economic theory against real outcomes, our research can provide real value for investors.
The Macro Research team provides global forecasts and analysis of macroeconomic and market developments across the world. He joined AXA IM in 2014 as a Senior Economist in the Research and Investment Strategy team, providing macroeconomic and market analysis, chiefly on the US and UK economies.
Prior to AXA IM, David spent four years with Lloyds Banking Group where he worked as the primary fixed income macroeconomist, with a specific emphasis on the UK. Before that, he spent 10 years with Investec, working most recently in the Securities team providing macroeconomic advice for the Group, specialising in UK and European affairs.
David initially joined Investec in the Treasury and Specialised Finance area, supporting interest rate trading activities. He started his career in the Government Economic Service in 1996, working in the Office of Electricity Regulation and subsequently for the Debt Management Office. David holds a Master’s degree in Economics from the University of Warwick and a Bachelor’s degree in Economics from the University of York.
Read more from David

A tough backdrop allows ESG to show its worth
by Gilles Moëc 04 April 2023 (3 min read)
Investment Institute

US industrial policy to spearhead new wave of growth and innovation
by Chris Iggo 03 April 2023 (7 min read)
Investment Institute

The Pitfalls of the Inflation Blame Game
by Gilles Moëc 03 April 2023 (5 min read)
Investment Institute

Take Two: US GDP growth revised down; Eurozone inflation continues to ease
by AXA IM Investment Institute 03 April 2023 (3 min read)
Investment Institute

Royal Cash and Limited Convictions
by Chris Iggo 31 March 2023 (5 min read)
Investment Institute

March Op-Ed - Accelerated monetary tightening pass-through
by Gilles Moëc, Chris Iggo 29 March 2023 (10 min read)
Investment Institute
