Bloomberg has published an article on the significant economic risks facing the global economy due to the ongoing war in Ukraine, escalating inflation, and the increasing cost of fuels and basic commodities. The piece features insights from three prominent market experts on the looming risks for the next five to ten years. Abby Joseph Cohen, formerly a strategist at Goldman Sachs Group Inc.
and now a lecturer at Columbia University, highlights concerns about labor shortages and insufficient skills development among the youth. She emphasizes the importance of investing in the future and taking care of workers. Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX, expresses worry about the potential for a more deadly virus to emerge, potentially causing greater devastation than the impact of the COVID-19 pandemic. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend of deglobalization as nations focus more on self-sufficiency in food and energy to mitigate risks
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