Market Visionaries Discuss Major Economic Risks for the Future

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Economy أخبار

Economic Risks,Labor Shortage,Skills Development

Three renowned market experts, including Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis, weigh in on the looming economic risks facing the world. Their perspectives span from labor shortages and inadequate skills development to the potential outbreak of a more lethal virus and the trend toward deglobalization.

Bloomberg recently published a piece focusing on the significant economic risks the world might face in the next five to ten years, influenced by the ongoing war in Ukraine, rising inflation, and escalating costs of fuel and essential goods. The article highlighted insights from three market visionaries regarding their perspective on 'the next big risk.' Abby Joseph Cohen, formerly a strategist for Goldman Sachs Group Inc.

and now a faculty member at Columbia University, is particularly concerned about the potential labor shortage and inadequate skill development in students. Cohen advocates for substantial investment in the future, encompassing research, training, and education, alongside ensuring worker comfort. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, expressed worry over the potential emergence of a more lethal virus that could cause even more devastating consequences than the current pandemic. He emphasized the importance of learning from the past and establishing robust systems to prevent future pandemics. Ken Moelis, founder and CEO of Moelis & Co., warned about the global trend toward deglobalization. He pointed out that every nation is increasingly focused on self-sufficiency regarding food and energy, suggesting potential dire consequences for unprepared nations if oil and gas prices continue to rise

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