Bloomberg has published an analysis of the major economic risks facing the world in the wake of the Ukraine conflict, soaring inflation, and escalating prices of fuel and basic goods. The piece highlights the insights of three leading market experts on what they consider to be “the next big risk” over the next five to ten years.
Abby Joseph Cohen, a former strategist at Goldman Sachs and now a professor at Columbia University, expresses concern over labor shortages and the underdevelopment of skills among students, who will become the future scientists, doctors, engineers, and so forth. Cohen emphasizes the importance of investing in the future and ensuring worker comfort. Sam Bankman-Fried, CEO of FTX, fears the outbreak of a more lethal virus that could have even worse repercussions than the current pandemic. He stresses the need for improved pandemic prevention systems. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization as nations focus on self-sufficiency in food and energy
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