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

January Global Macro Monthly - The great election year
by David Page, François Cabau, and others 24 January 2024 (7 min read)

2024’s elections around the world: The who’s who and the so what…
by Irina Topa-Serry, Luis Lopez-Vivas, and others 23 January 2024 (7 min read)
Investment Institute

Take Two: Doubt over early rate cuts; China meets 2023 growth target
by AXA Investment Managers 22 January 2024 (3 min read)

Postcard from Davos
by Gilles Moëc 22 January 2024 (7 min read)
Investment Institute

The key drivers of 10-year US Treasury yields
by David Page 18 January 2024 (7 min read)
Investment Institute

Take Two: World Bank warns on global economic growth; US inflation accelerates
by AXA Investment Managers 15 January 2024 (3 min read)
