Bloomberg has published an article discussing major economic risks facing the world due to the ongoing war in Ukraine, high inflation, and increased costs of fuel and essential goods. The article includes insights from three leading market experts regarding the significant risks they foresee in the next five to ten years.
Abby Joseph Cohen, a former Goldman Sachs strategist who now teaches at Columbia University, highlights concerns over labor shortages and inadequate skills development among students. Cohen emphasizes the importance of investing in the future and ensuring workers' families are comfortable. Sam Bankman-Fried, CEO of FTX, expresses worry about a more severe and devastating virus potentially leading to greater consequences than the current pandemic. He points out the lack of preparedness for such events. Ken Moelis, founder and CEO of Moelis & Co., warns of deglobalization trends, where nations focus more on self-sufficiency and control over their own food and energy resources, to avoid dire economic consequences in the event of future crises
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