Bloomberg recently published an article highlighting the significant economic risks the world faces due to the Ukraine war, soaring inflation, and escalating fuel and basic commodity prices. The piece featured insights from three market visionaries on the 'next big risk' expected to impact the world over the next five to ten years. Abby Joseph Cohen, former strategist at Goldman Sachs Group Inc.
and current Columbia University professor, expressed concern over labor shortages and inadequate skill development among students who will be future scientists, doctors, engineers, and more. Cohen emphasized the importance of investing in the future and ensuring workers' families are comfortable. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warned about the potential for a more lethal and devastating virus outbreak, which could have worse economic repercussions than the impact of COVID-19. Ken Moelis, founder and CEO of Moelis & Co., predicted a trend towards deglobalization, with nations focusing on self-sufficiency in food and energy to protect against future crises like rising oil prices
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