Bloomberg recently published a piece on looming global economic risks such as the Ukraine war, soaring inflation, and rising fuel and basic commodity prices. The article includes insights from three market experts on the 'next big risk' for the next five to ten years.
Abby Joseph Cohen, ex-Goldman Sachs strategist and Columbia University professor, highlights concerns over labor shortages and inadequate skills development among students who will become future scientists, doctors, engineers, and more. Cohen emphasizes the importance of future investment in research, training, and education, as well as worker care. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, is worried about the potential outbreak of a more lethal virus, which could cause worse consequences than the COVID-19 pandemic. He believes that lessons from the last pandemic were not properly learned and necessary protective systems are not in place. Ken Moelis, founder and CEO of Moelis & Co., foresees a trend towards deglobalization, with nations focusing on self-sufficiency in food and energy. He warns that unprepared nations could face severe consequences if oil and gas prices soar
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Market Visionaries Warn of Future Economic Risks Amid Global ChallengesBloomberg has published a piece discussing major economic risks facing the world in the coming years, influenced by factors such as the ongoing conflict in Ukraine, rising inflation, and increasing costs of fuel and basic commodities. The article includes insights from three leading market experts who highlight the next big risks, including labor shortages and insufficient skills development among young professionals.
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