Three Market Visionaries Warn of Major Risks Ahead for Global Economy

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ECONOMICS Nachrichten

ECONOMIC RISKS,LABOR SHORTAGE,VIRAL OUTBREAK

Bloomberg features insights from Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis on looming economic risks such as labor shortages, potential viral outbreaks, and deglobalization trends.

Bloomberg has recently highlighted the significant economic risks facing the world due to the war in Ukraine, rising inflation, and increasing fuel and basic commodity prices. The article featured insights from three prominent market visionaries regarding the next major risk over the next five to ten years.

Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, is concerned about the shortage of skilled labor and inadequate skills development among students, emphasizing the need for investment in research, training, and education. Sam Bankman-Fried, CEO of FTX, warns about the potential for another deadly virus outbreak, suggesting that the world has not learned from the lessons of the last 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 economic chaos in the face of volatile commodity prices

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