Bloomberg has published an article highlighting major economic risks facing the world due to the ongoing war in Ukraine, high inflation, and rising prices of fuel and essential commodities. The article features insights from three market experts on what they consider to be the most significant risks in the next five to ten years. Abby Joseph Cohen, formerly of Goldman Sachs Group Inc.
and now a professor at Columbia University, emphasizes the risks associated with labor shortages and insufficient skills development among young people. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns of the potential for a more dangerous and destructive virus to emerge, potentially causing worse damage than the impact of the Covid-19 pandemic. Ken Moelis, founder and CEO of Moelis & Co., contends that the world is moving towards a state of deglobalization, where nations prioritize self-sufficiency over international cooperation, particularly in the context of food and energy security
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