Bloomberg recently published an article discussing the looming economic risks facing the world due to the ongoing war in Ukraine, rising inflation, and increasing prices of fuel and basic commodities. The article features insights from three prominent market visionaries on what they consider as 'the next big risk' for the world over the next five to ten years.
Abby Joseph Cohen, a former Goldman Sachs strategist, expresses concern over the shortage of labor and inadequate skills development, urging investment in research, training, and education. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns of a more lethal virus potentially causing worse disruptions than the current pandemic. Ken Moelis, founder and CEO of Moelis & Co, predicts a trend towards deglobalization, with nations prioritizing self-sufficiency in food and energy to avoid future economic instability
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