Market Experts Warn of Major Economic Risks in Next Decade

Bloomberg has published a piece highlighting the significant economic risks facing the world due to the ongoing war in Ukraine, high inflation, and escalating fuel and basic commodity prices. The article features insights from three leading market experts on the impending major risks over the next five to ten years.

Abby Joseph Cohen, former strategist at Goldman Sachs and current Columbia University professor, emphasizes the labor shortage and underdeveloped skills among young people, advocating for investment in future research, training, and education. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns about the potential outbreak of a more severe virus, arguing that insufficient preparedness could lead to worse outcomes. Ken Moelis, founder and CEO of Moelis & Co., expresses concern over deglobalization, suggesting that nations must secure their own food and energy supplies to avoid severe consequences in times of crisis

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