Bloomberg has published an article discussing major economic risks facing the world due to the ongoing war in Ukraine, rising inflation, and increasing prices of fuel and basic commodities. The article includes insights from three market visionaries about potential risks in the next five to ten years.
Abby Joseph Cohen, a former strategist at Goldman Sachs and now a professor at Columbia University, highlights concerns about labor shortages and inadequate skills development for future professionals. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns about the potential for a more lethal virus outbreak and the failure to learn from past pandemics. Ken Moelis, founder and CEO of Moelis & Co., expresses worries about deglobalization and the need for nations to secure their own food and energy supplies to avoid economic instability
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