Bloomberg has published an article outlining significant economic risks facing the world due to the ongoing conflict in Ukraine, rising inflation, and escalating fuel and basic commodity prices. The piece examines the views of three key financial experts on the looming challenges over the next five to ten years.
Abby Joseph Cohen, formerly of Goldman Sachs and now a Columbia University professor, expresses concern over labor shortages and the insufficient skills development among students who are set to become future professionals. Cohen emphasizes the importance of investing in research, training, and education to ensure worker satisfaction and family comfort. Sam Bankman-Fried, CEO of FTX, worries about the potential outbreak of a more severe virus, potentially causing greater disruption than the current pandemic, due to inadequate preparedness. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend of deglobalization, where nations prioritize their own interests over international cooperation, particularly in securing food and energy supplies
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