Bloomberg has recently published an article highlighting the major economic risks facing the world due to the war in Ukraine, surging inflation, and escalating fuel and commodity prices. The article features insights from three leading market experts on the 'next big risk' for the global economy in the next five to ten years.
Abby Joseph Cohen, former strategist at Goldman Sachs and current Columbia University professor, expresses concern over labor shortages and inadequate skills development among students, advocating for investment in the future and improved worker welfare. Sam Bankman-Fried, CEO of FTX cryptocurrency exchange, is apprehensive about the potential outbreak of a more deadly virus that could cause greater devastation than the previous pandemic. Ken Moelis, founder and CEO of Moelis & Co., warns of a global trend towards deglobalization, emphasizing the need for nations to secure their own resources amidst rising energy and food prices
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