Bloomberg has published an article on the looming economic risks for the world due to the ongoing war in Ukraine, rising inflation, and escalating fuel and basic commodity prices. The article highlights the views of three market experts on the 'next big risk' within the next five to ten years. Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, expresses concern over labor shortages and inadequate skills development among students.
Cohen emphasizes the need for investment in future research, training, and education to ensure a comfortable future for workers and their families. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, worries about the potential for a more lethal virus outbreak, suggesting that lessons from the last pandemic have not been learned. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, where nations focus on self-sufficiency in food and energy to prevent dire consequences in times of crisis
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