Top Market Experts Warn of Future Global Risks

Bloomberg recently published a piece on the big economic risks 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 (in terms of research, training, education, etc.) 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. Ideally, systems should be such that outbreaks do not have to turn into pandemics. 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 nation

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Market Experts Warn of Top Risks Facing the WorldBloomberg highlights the economic risks facing the world, featuring insights from three market experts on potential threats in the next decade. Abby Joseph Cohen fears labor shortages and inadequate skills development, urging investment in research, training, and worker well-being. Sam Bankman-Fried warns of a deadlier pandemic, emphasizing the need for preparedness and pandemic prevention systems. Ken Moelis sees rising deglobalization, urging nations to secure their food and energy resources.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Market Experts Sound the Alarm on Top Global Risks for the Next DecadeBloomberg explores the potential economic pitfalls facing the world, highlighting concerns about labor shortages, pandemics, and deglobalization from leading market figures.
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