Bloomberg has published an article discussing significant economic risks facing the global economy due to ongoing conflicts in Ukraine, surging inflation, and escalating costs of energy and essential goods. The article highlights the perspectives of three prominent market experts. Abby Joseph Cohen, former strategist at Goldman Sachs and current professor at Columbia University, emphasizes the potential labor shortage and the underdevelopment of students' skills.
Cohen advocates for investment in education and worker welfare. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, expresses concern about the potential for a more severe virus outbreak, potentially worse than the impact of the recent pandemic. Ken Moelis, founder and CEO of Moelis & Co., warns about the trend of deglobalization, suggesting that nations may prioritize self-reliance over international cooperation, leading to potential economic instability if preparedness fails
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