Bloomberg recently published a piece on the significant economic risks looming ahead for the world due to the ongoing war in Ukraine, high inflation, and increasing prices of fuel and essential commodities. The article featured insights from three distinguished market visionaries on the upcoming risks over the next five to ten years.
Abby Joseph Cohen, former strategist at Goldman Sachs and current professor at Columbia University, is particularly concerned about labor shortages and inadequate skills development among students. Cohen emphasizes the importance of investing in the future through research, training, and education, and ensuring workers’ families have a comfortable life. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, worries about the potential outbreak of a more lethal virus than the one seen during the pandemic, highlighting the failure to learn from past pandemics and the need for robust preventive systems. Ken Moelis, founder and CEO of Moelis & Co., sees a trend towards deglobalization, where nations are prioritizing self-sufficiency in food and energy production to avoid economic vulnerabilities in times of crisis
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