Bloomberg recently published an article discussing significant economic risks facing the world due to the ongoing conflict in Ukraine, escalating inflation rates, and increasing costs of fuel and essential commodities. The piece includes insights from three market experts on potential risks over the next five to ten years.
Abby Joseph Cohen, former strategist for Goldman Sachs and current Columbia University professor, expresses concerns about labor shortages and inadequate skills development among students, emphasizing the need for future investment in research, education, and worker welfare. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, fears the outbreak of a more lethal virus that could cause greater devastation than the current pandemic, highlighting the inadequacy of global response mechanisms. Ken Moelis, founder and CEO of Moelis & Co., warns of increasing deglobalization, where nations focus on self-sufficiency, particularly in food and energy, to safeguard against future economic instability
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