Bloomberg has published an article about the significant economic risks facing the world due to the ongoing conflict in Ukraine, high inflation, and increased costs of fuel and essential goods. The article features the views of three prominent market experts on the 'next big risk' expected in the next five to ten years.
Abby Joseph Cohen, formerly with Goldman Sachs and now a professor at Columbia University, is concerned about the upcoming labor shortage and the insufficient skill development among students who will shape the future of science, medicine, and engineering. Cohen emphasizes the importance of investing in research, training, and education, along with ensuring worker comfort. Sam Bankman-Fried, CEO of FTX, expresses worry over the potential emergence of a more lethal virus, which could lead to far graver consequences than those of the COVID-19 pandemic. He asserts that the world failed to learn from the last pandemic and may not be prepared for the next one. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend toward deglobalization, where countries focus on self-sufficiency in food and energy due to current global uncertainties
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