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

CIO Views: Investors upbeat on pricey US equities while Europe offers value
by Chris Iggo, Alessandro Tentori, and others 09 January 2025 (5 min read)
Investment Institute

Three Questions for 2025
by Gilles Moëc 06 January 2025 (10 min read)
Investment Institute

2025 Inflation Outlook: High and could be higher
by Elida Rhenals 06 January 2025 (5 min read)
Investment Institute

Take two: Global markets end strong year; Eurozone factory activity continues to shrink
by AXA Investment Managers 06 January 2025 (3 min read)
Investment Institute

Take two: Fed makes third consecutive rate cut; Eurozone business activity continues to stall
by AXA Investment Managers 23 December 2024 (3 min read)
Investment Institute

Robotech stories: See the future of industry with machine vision
by AXA Investment Managers 18 December 2024 (3 min read)
Investment Institute
