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

Sober September
by Chris Iggo 08 September 2023 (5 min read)
Investment Institute

Why living wages should be considered a driver of human capital value, not a cost
by Matthieu Firmian 06 September 2023 (7 min read)
Investment Institute

Take Two: Core Eurozone inflation eases; US Q2 economic growth revised down
by AXA Investment Managers 04 September 2023 (3 min read)
Investment Institute

How curved is the curve?
by Gilles Moëc 04 September 2023 (7 min read)
Investment Institute

Hedging the recession risk
by Chris Iggo 01 September 2023 (5 min read)
Investment Institute

Take Two: Eurozone business activity slumps; China cuts policy rates again
by AXA IM Investment Institute 28 August 2023 (3 min read)
Investment Institute
