Sandra Rhouma
1 Year at AB|6 Years of Experience
Sandra Rhouma is a Vice President and European economist on the Fixed Income team. Previously, she was a global economist and strategist at Millennium Global Investments, a London-based currency investment manager. From 2019 to 2022, Rhouma worked for the European Central Bank as a banking supervision analyst before moving into a US economist position. She holds a PhD in economics from the University of Surrey and a master’s degree from Paris 1 Panthéon-Sorbonne. Location: London
Published Work
Negotiating with one key trade partner is tough enough. Negotiating with two is highly testing.
President Trump’s tariffs bring déjà vu for the euro-area economy: it’s back to slower growth and lower rates.
Global growth should continue to slow if US policy direction remains unclear. Inflation has waned but tariffs could boost prices in the near term. We expect most central banks to ease further yet more slowly. While broad uncertainty prevails, we don’t forecast a recession in any major economy for 2025.
The range of potential economic outcomes is wide, but a solid starting point suggests resilience.
When the ECB’s rate-cutting cycle ends, should the neutral rate be far higher than pre-pandemic? Not in our view.
Prospective US policy changes look adverse for Europe’s governments and economies—but mostly positive for bonds.
Across Europe, ruling parties are under pressure. Bond investors should stay active and invested, in our view.
Lasting fiscal deficits can exact a cost. Here’s how the situation is shaping up for the world’s economies.
Although markets expect both the Fed and the ECB to cut rates over the summer, macro developments could change that forecast.
Sovereign debt levels soared during the pandemic, and countries at the eurozone’s periphery may look high risk. But appearances can be deceptive.
As European inflation rates converge with targets, markets expect rate cuts. But central banks are set on a decisive victory over inflation.