Bloomberg recently published an article focusing on the significant economic risks facing the world, including the ongoing war in Ukraine, high inflation, and rising prices of fuel and basic commodities. The piece highlights the perspectives of three market visionaries on major risks ahead for the next five to ten years.
Abby Joseph Cohen, a former strategist from Goldman Sachs and current Columbia University professor, emphasizes concerns about labor shortages and insufficient skills development for future professionals. Sam Bankman-Fried, CEO of FTX, warns of the potential for a more lethal virus outbreak that could cause greater economic disruption than the current pandemic. Ken Moelis, founder and CEO of Moelis & Co., expresses worry about deglobalization and the increasing self-sufficiency of nations, suggesting potential dire consequences if nations are unprepared for future economic challenges
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