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

Inflation Review: The "greedy beast" of inflation is still breathing, in particular in services
by François Cabau, Hugo Le Damany 09 February 2024 (5 min read)
Investment Institute

Why 2024 may be the year when small caps bounce back
by Caroline Moleux 06 February 2024 (5 min read)
Investment Institute

Deferred Confidence
by Gilles Moëc 05 February 2024 (10 min read)
Investment Institute

Take Two: Eurozone avoids recession; Fed and BoE keep interest rates on hold
by AXA Investment Managers 05 February 2024 (3 min read)

Take risk, take credit
by Chris Iggo 02 February 2024 (7 min read)
Investment Institute
