Bloomberg has recently published an article on the significant economic risks facing the world due to the ongoing war in Ukraine, rising inflation, and escalating fuel and basic commodity prices. The piece highlights the views of three notable market experts on what they consider as the next major risk to the global economy in the coming five to ten years.
Abby Joseph Cohen, former strategist at Goldman Sachs and current professor at Columbia University, expresses concern over labor shortages and inadequate education, emphasizing the importance of investing in the future and ensuring workers' families are supported. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns of the potential for a more deadly virus to emerge, stressing the need for better preparedness systems to avoid another devastating pandemic. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, highlighting the necessity for nations to secure their own food and energy supplies to avoid severe economic repercussions
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