Bloomberg has recently highlighted the significant economic risks facing the world due to the ongoing war in Ukraine, heightened inflation, and increased costs of fuel and basic commodities. The article includes insights from three prominent market experts on the impending risks in the next five to ten years. Abby Joseph Cohen, formerly a strategist at Goldman Sachs Group Inc.
and now a professor at Columbia University, expresses concern over labor shortages and the insufficient skill development of students, emphasizing the need for investment in the future and better worker welfare. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns of a more lethal virus that could devastate the global economy, suggesting that the lessons from the previous pandemic have not been learned. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, where nations focus on self-sufficiency in essential resources like food and energy to avoid economic turmoil if commodity prices surge
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