Bloomberg recently published an article highlighting major economic risks facing the world due to the ongoing war in Ukraine, rising inflation, and increased prices of fuel and basic commodities. The article includes insights from three prominent market experts on the potential risks in the next five to ten years.
Abby Joseph Cohen, formerly with Goldman Sachs and now teaching at Columbia University, emphasizes labor shortages and inadequate skills development among young people who will be future professionals. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns about the possibility of a more harmful virus outbreak. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization and the need for nations to secure their own food and energy supplies
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