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

Data Refuses to Behave
by Gilles Moëc 05 June 2023 (5 min read)
Investment Institute

The resource gap: Why Earth Overshoot Day should matter to investors
by Chris Iggo 05 June 2023 (7 min read)
Investment Institute

Take Two: US rate hike path “less certain”; German economy enters recession
by AXA IM Investment Institute 30 May 2023 (3 min read)
Investment Institute

Easy Does It?
by Gilles Moëc 30 May 2023 (5 min read)
Investment Institute

Is there a premium for low-carbon-intensity European equities?
by Emmanuel Makonga 25 May 2023 (5 min read)
Investment Institute

Why the US Securities and Exchange Commission climate disclosure rules will matter, and why they may not
by Jamison Friedland 24 May 2023 (15 min read)
Investment Institute
