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Market Experts Warn of Major Economic Risks in Coming Decade

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ECONOMICS News

Ukraine War,Inflation,Labor Shortages

Three leading financial experts share their concerns about looming economic risks over the next five to ten years, including labor shortages, potential pandemics, and the trend towards deglobalization.

Bloomberg has recently published an article discussing major economic risks facing the world due to the Ukraine conflict, rising inflation, and increased costs of fuel and basic commodities. The piece highlighted the views of three market experts on the upcoming major global risk over the next five to ten years.

Abby Joseph Cohen, a former Goldman Sachs strategist and current Columbia University professor, expressed concerns about labor shortages and insufficient skills development among students, emphasizing the importance of future-focused investments. Sam Bankman-Fried, CEO of FTX, warned about the potential for a more lethal virus to emerge, potentially worse than the impact of COVID-19. Ken Moelis, founder and CEO of Moelis & Co., believes the world is moving towards a more inward-focused stance, necessitating self-sufficiency in essential resources like food and energy

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