Bloomberg recently published an article discussing the significant economic risks facing the world due to the Ukraine war, high inflation, and escalating fuel and basic commodity prices. The piece includes insights from three notable market experts on the major risks they foresee in the next five to ten years. Abby Joseph Cohen, formerly of Goldman Sachs and now a Columbia University instructor, emphasizes the labor shortage and inadequate skills development among students.
She advocates for substantial investment in research, training, and education to ensure future professionals are well-prepared. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns of the potential for a more lethal virus to emerge, with consequences worse than those of the previous pandemic. He argues that the absence of preparedness systems could exacerbate the impact of future outbreaks. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations focusing on self-sufficiency in food and energy supplies, potentially leading to dire outcomes for countries unprepared for such changes
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