Bloomberg recently published an article focusing on the significant economic risks that the world faces due to the ongoing war in Ukraine, high inflation, and increasing fuel and basic commodity prices. The article includes insights from three prominent market experts on what they consider to be the 'next big risk' for the global economy in the coming five to ten years.
Abby Joseph Cohen, formerly a strategist at Goldman Sachs and now a Columbia University professor, expresses concern over labor shortages and the insufficient skills development of students, emphasizing the need for investment in research, training, and education. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, is worried about the potential for a more deadly virus to emerge, causing even greater havoc than the current pandemic. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations prioritizing self-sufficiency in food and energy to mitigate future economic disruptions
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