Bloomberg recently published a piece on the big economic risks that are looming ahead for the world in the face of the war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The write-up featured the thoughts of three market visionaries on “the next big risk” for the world in the next five to 10 years. Abby Joseph Cohen, ex-strategist for Goldman Sachs Group Inc.
who is currently teaching at Columbia University, is worried about the shortage of labor and the inadequate skills development of students—young people who will be the world’s future scientists, doctors, engineers, and so on. Cohen believes it is important to invest in the future (in terms of research, training, education, etc.) and to take care of workers so that their families are more comfortable. The CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, is concerned that a deadlier and more devastating virus will be unleashed into the world and cause far worse consequences than what Covid did to us. It is obvious, he said, that we did not learn our lessons after the last pandemic. And so when the next one hits us, it’s likely that we will not have put in place the systems that we need to protect our people and our economy. Ideally, systems should be such that outbreaks do not have to turn into pandemics. The founder and CEO of Moelis & Co., Ken Moelis, believes that the world is heading towards deglobalization, or the tendency of nations to look within and make sure they have enough for their own people. With everything that’s happening around the world today, every nation needs to make sure that they have control over their own food and energy, he says. Otherwise, when the price of oil and gas hits $200, for instance, there may be dire consequences for the unprepared nations
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Global Market Visionaries Sound the Alarm on Emerging RisksBloomberg explores the looming economic threats facing the world, highlighting the perspectives of three prominent market figures on the most significant risks in the next decade. Abby Joseph Cohen foresees a labor shortage and skills gap, emphasizing the need for investment in education and worker well-being. Sam Bankman-Fried warns of a potentially more catastrophic pandemic, stressing the importance of pandemic preparedness. Ken Moelis anticipates deglobalization, where nations prioritize self-sufficiency in food and energy security.
Fuente: BusinessMirror - 🏆 19. / 59 Leer más »
Global Economic Risks: Market Visionaries Sound the AlarmBloomberg explores the looming economic threats facing the world, featuring insights from three prominent figures on the most significant risks for the next decade. Concerns range from labor shortages and inadequate skills development to the possibility of a devastating pandemic and the rise of deglobalization.
Fuente: BusinessMirror - 🏆 19. / 59 Leer más »
Market Experts Foresee Major Global Risks in the Next DecadeBloomberg highlights the concerns of three prominent figures about the future. Abby Joseph Cohen warns of a labor shortage and insufficient skills development among young people. Sam Bankman-Fried fears a more lethal pandemic due to unlearned lessons from Covid-19. Ken Moelis predicts a rise in deglobalization as nations prioritize self-sufficiency.
Fuente: BusinessMirror - 🏆 19. / 59 Leer más »
Bloomberg: Top Market Visionaries Identify World's Biggest RisksBloomberg's recent article explores major economic threats facing the globe, highlighting three market experts' predictions for the next decade. Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis each identify potential crises, ranging from labor shortages and pandemics to rising deglobalization.
Fuente: BusinessMirror - 🏆 19. / 59 Leer más »
Market Visionaries Sound the Alarm on Future RisksBloomberg features insights from three prominent figures on the looming economic threats facing the world. From labor shortages and pandemics to deglobalization, they paint a picture of potential challenges in the coming years.
Fuente: BusinessMirror - 🏆 19. / 59 Leer más »
Global luxury goods market to shrink in 2025MILAN, Italy — Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according to a Bain consultancy study released on Wednesday. The outlook could worsen if the sector is hit by tariffs promised by Donald Trump.
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