Bloomberg has recently published a piece discussing the looming economic risks for the world in the face of the ongoing war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The article includes insights from three market visionaries on the “next big risk” for the world over the next five to ten years. Abby Joseph Cohen, previously a strategist for Goldman Sachs Group Inc.
and now teaching at Columbia University, highlights the concern over labor shortages and inadequate skills development among the youth. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, expresses worry about the potential for a deadlier virus to emerge, causing more severe consequences than the current pandemic. Ken Moelis, founder and CEO of Moelis & Co., predicts that the world is moving towards deglobalization, with nations prioritizing their own self-sufficiency in food and energy
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