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

Outlook Summary – Slowing mid-cycle, not crashing end-cycle
by David Page 30 November 2023 (5 min read)
Investment Institute

Japan Outlook – The Bank of Japan's year
by Hugo Le Damany 30 November 2023 (5 min read)
Investment Institute

China Outlook – Short-term reprieve, long-term challenges
by Yingrui Wang 30 November 2023 (5 min read)
Investment Institute

Eurozone Outlook – Mind the return of market discipline
by François Cabau, Hugo Le Damany 30 November 2023 (5 min read)
Investment Institute

Equity Outlook – Thriving in the mist
by Emmanuel Makonga 30 November 2023 (7 min read)
Investment Institute

Another Mountain
by Gilles Moëc 27 November 2023 (10 min read)
Investment Institute
