Bloomberg has recently published an article on the major economic risks facing the world due to the ongoing war in Ukraine, high inflation, and rising costs for fuel and essential commodities. The article highlights the insights of three market experts on 'the next big risk' for the next five to ten years. Abby Joseph Cohen, formerly with Goldman Sachs Group Inc.
and now a professor at Columbia University, expresses concerns over the labor shortage and inadequate skills development among students. She emphasizes the importance of investing in research, training, and education to ensure future professionals are prepared. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns about the potential for a more deadly virus to emerge, causing greater harm than the current pandemic. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, where nations focus more on self-sufficiency in food and energy amidst increasing global uncertainties
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