Bloomberg recently published a piece discussing major economic risks looming ahead for the world due to the ongoing war in Ukraine, soaring inflation, and the rise in fuel and basic commodity prices. The article featured insights from three market visionaries on the next significant risk facing the world over the next five to ten years.
Abby Joseph Cohen, former strategist at Goldman Sachs and current Columbia University professor, expressed concerns about labor shortages and inadequate skills development among students, emphasizing the importance of investing in the future and providing better support for workers. Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX, warned about the potential outbreak of a more deadly virus, arguing that the world failed to learn from the last pandemic and is unprepared for future outbreaks. Ken Moelis, founder and CEO of Moelis & Co., believes that deglobalization is a growing trend, with nations focusing more on self-sufficiency in food and energy to avoid dire consequences from rising prices
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