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

Multi Asset Views - October 2024
by Laurent Clavel 23 October 2024 (3 min read)
Investment Institute

October Monthly Investment Strategy - A far-reaching US election
by David Page, François Cabau, and others 23 October 2024 (10 min read)
Investment Institute

Take Two: ECB cuts rates as inflation revised down; China GDP growth slows
by AXA Investment Managers 21 October 2024 (3 min read)
Investment Institute

Inflation Quarterly Update
by Ana Otalvaro 21 October 2024 (3 min read)
Investment Institute

Gilles Moec Macrocast: Policy Mixology
by Gilles Moëc 21 October 2024 (10 min read)
Investment Institute

China reaction: GDP growth target likely in reach as Q3 figures beat marginally
by Yingrui Wang 18 October 2024 (3 min read)
