Bloomberg has published an article on the significant economic risks facing the world due to the war in Ukraine, rising inflation, and increasing costs of fuel and basic necessities. The article features insights from three leading market experts on the impending dangers they foresee within the next 5 to 10 years.
Abby Joseph Cohen, formerly of Goldman Sachs and now a professor at Columbia University, highlights concerns over labor shortages and inadequate skills development among future professionals. Sam Bankman-Fried, CEO of FTX, expresses worry about the potential for a more lethal virus outbreak, emphasizing the need for improved global preparedness. Ken Moelis, founder and CEO of Moelis & Co., warns of a trend towards deglobalization, with nations focusing on self-sufficiency in food and energy to mitigate economic vulnerabilities
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