Bloomberg recently published an article on looming economic risks facing the world due to the war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The article features insights from three market visionaries on the next big risk for the world in the next five to ten years.
Abby Joseph Cohen, a former strategist for Goldman Sachs and current Columbia University professor, is concerned about labor shortages and inadequate skills development among future professionals. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, fears the outbreak of a more deadly virus with worse consequences than the current pandemic, emphasizing the need for improved preparedness. Ken Moelis, founder and CEO of Moelis & Co., warns about the trend of deglobalization and the potential dire consequences for unprepared nations
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