Market Visionaries Highlight Looming Economic Risks Amidst Global Challenges

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Economic Risks,Global Challenges,Labor Shortages

Three leading market experts warn about significant economic risks facing the world in the next five to ten years, including labor shortages, potential pandemics, and deglobalization trends.

Bloomberg recently published an analysis highlighting the looming economic risks facing the world due to the ongoing war in Ukraine, rising inflation, and escalating prices of basic commodities and fuel. Three market experts shared their concerns about the significant risks to the global economy in the next five to ten years.

Abby Joseph Cohen, ex-strategist at Goldman Sachs and current Columbia University professor, expressed worry over labor shortages and the inadequate skills development among students. Cohen advocates for investment in the future through research, training, and education, and emphasizes the importance of supporting workers to ensure their families' well-being. Sam Bankman-Fried, CEO of FTX, warned about the potential for a more lethal virus that could cause greater devastation than the current pandemic. He noted that previous lessons were not learned and stressed the need for robust systems to prevent outbreaks from becoming pandemics. Ken Moelis, founder and CEO of Moelis & Co., believes that the world is moving towards deglobalization, with nations prioritizing self-sufficiency in food and energy. Moelis warns of severe consequences for those unprepared to handle rising costs, such as oil and gas prices reaching $200

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