Market Visionaries Warn on Global Economic Risks

Bloomberg recently published a piece on the big economic risks that are looming ahead for the world in the face of the war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The write-up featured the thoughts of three market visionaries on “the next big risk” for the world in the next five to 10 years.

Abby Joseph Cohen, ex-strategist for Goldman Sachs Group Inc. who is currently teaching at Columbia University, is worried about the shortage of labor and the inadequate skills development of students—young people who will be the world’s future scientists, doctors, engineers, and so on. Cohen believes it is important to invest in the future and to take care of workers so that their families are more comfortable.

The CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, is concerned that a deadlier and more devastating virus will be unleashed into the world and cause far worse consequences than what Covid did to us. It is obvious, he said, that we did not learn our lessons after the last pandemic. And so when the next one hits us, it’s likely that we will not have put in place the systems that we need to protect our people and our economy.

The founder and CEO of Moelis & Co., Ken Moelis, believes that the world is heading towards deglobalization, or the tendency of nations to look within and make sure they have enough for their own people. With everything that’s happening around the world today, every nation needs to make sure that they have control over their own food and energy, he says. Otherwise, when the price of oil and gas hits $200, for instance, there may be dire consequences for the unprepared nations.

It is apparent that we should always be looking at future risks and listening to the wisdom of economic experts such as the economic resource persons above, especially now that the new government is just starting its work and lining up the country’s new leaders and new projects for the next six years.I would like to invite everyone to our art exhibit that is opening on August 6, 2022, at 4:00 p.m.

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Market Visionaries Warn of Economic Risks Amidst Global ChallengesBloomberg highlights the big economic risks facing the world due to the war in Ukraine, inflation, and rising fuel and commodity prices. Three market experts discuss their concerns about future risks, including labor shortages and underdeveloped skills among young people.
Sumber: BusinessMirror - 🏆 19. / 59 Baca lebih lajut »

Market Visionaries Warn of Economic Risks Amid Global ChallengesBloomberg highlights the looming economic risks such as the war in Ukraine, inflation, and rising fuel and commodity prices. Three market visionaries discuss 'the next big risk' for the world in the coming years, focusing on labor shortages and inadequate skills development among students.
Sumber: BusinessMirror - 🏆 19. / 59 Baca lebih lajut »

Market Visionaries Warn of Upcoming Global RisksBloomberg highlights the concerns of three market experts regarding significant risks facing the world over the next five to ten years, including labor shortages, potential pandemics, and deglobalization.
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Market Visionaries Warn of Global Risks in the Coming DecadeBloomberg features insights from three prominent figures on the biggest threats facing the world in the next 5-10 years. Concerns range from labor shortages and skills gaps to the potential for a devastating pandemic and the rise of deglobalization.
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Market Visionaries Warn of Upcoming Economic Risks Amid Global ChallengesBloomberg highlights the perspectives of three market experts on critical economic risks in the next five to ten years, including labor shortages and inadequate skills development, against the backdrop of the ongoing war in Ukraine and global inflation.
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Market Visionaries Warn of Global Risks: From Labor Shortages to PandemicsBloomberg interviewed three market experts about the biggest threats facing the world in the next decade. Their concerns range from a potential lack of skilled workers to the looming threat of a deadly new virus and the increasing trend of deglobalization.
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