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

Gilles Moec Macrocast: The First Cut is the Deepest
by Gilles Moëc 14 October 2024 (7 min read)
Investment Institute

Take Two: US inflation continues to fall; China growth expected to slow
by AXA Investment Managers 14 October 2024 (3 min read)

Forget the market noise: Focus on value and the long-term
by Chris Iggo 14 October 2024 (5 min read)
Investment Institute

China reaction: Prices soften, fiscal measures lack numbers
by Yingrui Wang 14 October 2024 (3 min read)

Solid returns appear set to continue
by Chris Iggo 11 October 2024 (3 min read)
Investment Institute

UK reaction: Renewed growth in the UK, but momentum is firmly weaker than in H1
by Gabriella Dickens 11 October 2024 (3 min read)
