Bloomberg recently published an article on upcoming major economic risks facing the world due to ongoing conflicts, rising inflation, and escalating fuel and essential commodity prices. The article featured perspectives from three market visionaries on the primary risks expected within the next 5 to 10 years.
Abby Joseph Cohen, former strategist at Goldman Sachs and current Columbia University professor, is concerned about the labor shortage and inadequate skills development among students, who will become the future professionals in science, medicine, and engineering. Cohen emphasizes the importance of investing in the future and ensuring worker welfare. Sam Bankman-Fried, CEO of FTX, worries about the potential for a more lethal virus outbreak, which could cause greater disruption than the COVID-19 pandemic if proper systems are not in place. Ken Moelis, founder and CEO of Moelis & Co., expresses concern over deglobalization, where countries focus more on self-sufficiency in food and energy to protect against the economic impacts of global crises
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