Bloomberg recently published an article discussing significant economic risks for the world due to the ongoing war in Ukraine, rising inflation, and increasing fuel and basic commodity prices. The article featured insights from three prominent market experts on the potential future risks that could impact the world within the next five to ten years.
Abby Joseph Cohen, a former strategist at Goldman Sachs and current Columbia University professor, is concerned about the labor shortage and inadequate skills development among future professionals. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, fears the outbreak of a more catastrophic virus that could have worse effects than the current pandemic. Ken Moelis, founder and CEO of Moelis & Co., anticipates a trend towards deglobalization, with countries prioritizing self-sufficiency in food and energy production
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