Bloomberg recently published an article focusing on the looming economic risks faced by the world, including the ongoing war in Ukraine, soaring inflation, and increasing costs of fuel and basic commodities. The piece highlights the views of three prominent market experts on the major risks they foresee over the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, expresses concern over labor shortages and inadequate skills development among students who are expected to become future scientists, doctors, and engineers. Cohen emphasizes the importance of investing in future research, training, and education, and ensuring workers' comfort and their families' well-being. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns about the potential for a more lethal virus to emerge, causing even more severe consequences than the current pandemic. He stresses that despite the lessons learned from the last pandemic, global preparedness for the next outbreak remains insufficient. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend of deglobalization, where nations focus on self-sufficiency in food and energy. He warns that without such measures, nations could face dire consequences when energy prices rise significantly
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