Market Experts Warn of Upcoming Economic Risks

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Economics Notícia

Economic Risks,Market Visionaries,Labor Shortages

Bloomberg's article highlights the views of leading market visionaries on the looming economic risks, including labor shortages, new viral outbreaks, and deglobalization trends. The discussions center on the impact of these risks on the world's economic stability and preparing for future uncertainties.

Bloomberg recently published an article discussing major economic risks ahead due to the war in Ukraine, rising inflation, and increasing costs of fuel and basic goods. The article featured insights from three market experts on the significant risks they foresee over the next five to ten years.

Abby Joseph Cohen, formerly of Goldman Sachs and currently a professor at Columbia University, is concerned about labor shortages and underdeveloped skills among young people, who will be the future scientists, doctors, and engineers. Cohen emphasizes the importance of investing in research, education, and worker wellbeing. Sam Bankman-Fried, CEO of FTX, worries about the potential for a more severe virus outbreak that could cause greater economic and social disruption than COVID-19, highlighting the need for better preparedness. Ken Moelis, founder and CEO of Moelis & Co., is concerned about the trend towards deglobalization as nations focus on self-sufficiency in food and energy, potentially leading to dire consequences if they are unprepared for price increases in essential commodities

 

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