Market Visionaries Warn of Upcoming Risks in the Global Economy

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Economy News

Economic Risks,Global Economy,Labor Shortages

Three leading market experts discuss looming economic threats, including labor shortages, potential pandemics, and deglobalization, in light of the war in Ukraine, inflation, and rising fuel costs.

Bloomberg has recently published an article highlighting significant economic risks facing the global economy due to the ongoing war in Ukraine, rising inflation, and increases in fuel and basic commodity prices. The article includes insights from three leading market visionaries on what they perceive as the “next big risk” for the world over the next five to ten years.

Abby Joseph Cohen, formerly of Goldman Sachs and now a professor at Columbia University, expresses concern over labor shortages and the under-preparation of students for future roles in science, medicine, and engineering. She emphasizes the importance of investing in research, training, and education to ensure future workers are well-prepared. Sam Bankman-Fried, CEO of FTX, warns of a potential more devastating pandemic, arguing that the world must learn from the lessons of the previous pandemic to be better prepared for future outbreaks. Ken Moelis, CEO of Moelis & Co., fears a trend towards deglobalization, with nations focusing on self-sufficiency in food and energy to mitigate risks from rising fuel costs

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