Bloomberg recently published an article discussing the major economic risks facing the world due to the ongoing war in Ukraine, high inflation, and the increased costs of fuel and essential goods. The article featured insights from three market experts on what they consider to be the next big risk for the world in the next five to ten years.
Abby Joseph Cohen, formerly a strategist at Goldman Sachs and now a lecturer at Columbia University, is concerned about the labor shortage and insufficient skill development among students, who will become the next generation of scientists, doctors, engineers, and other professionals. Cohen emphasizes the importance of investing in the future and in worker well-being. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, fears the emergence of a more lethal virus that could cause even greater disruption than the current pandemic. He argues that the world failed to learn from the previous pandemic, and therefore may not be adequately prepared for future outbreaks. Ken Moelis, CEO of Moelis & Co., predicts that the world is moving towards deglobalization, where countries focus more on self-sufficiency in food and energy. Moelis warns that without proper preparation, countries may suffer dire consequences when global prices spike
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Market Visionaries Warn About Upcoming Economic RisksBloomberg has published an article highlighting the significant economic risks that the world may face over the next five to ten years, as highlighted by three market visionaries. The looming threats include the war in Ukraine, escalating inflation, and increasing costs of fuel and basic commodities. Abby Joseph Cohen, a renowned expert from Goldman Sachs and now a professor at Columbia University, emphasizes the importance of addressing labor shortages and the inadequacy of skills development among young people who will shape the future.
Source: BusinessMirror - 🏆 19. / 59 Read more »
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