Bloomberg recently published an article on the looming economic risks for the world, influenced by the ongoing war in Ukraine, increasing inflation, and rising fuel and basic commodity prices. The article includes insights from three market experts regarding the 'next big risk' expected to impact the world in the next five to ten years.
Abby Joseph Cohen, formerly of Goldman Sachs and now a professor at Columbia University, is concerned about the future labor shortage and inadequate skills development among students, highlighting the need for investment in research, training, and education. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, is worried about the potential for a deadlier virus outbreak with dire consequences. Ken Moelis, founder and CEO of Moelis & Co., predicts a move towards deglobalization as countries become more self-reliant in food and energy supplies
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