Market Experts Warn of Major Economic Risks Ahead

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ECONOMICS News

ECONOMIC RISKS,LABOR SHORTAGES,PANDEMIC

Bloomberg highlights major economic risks and expert predictions for the next five to ten years, including labor shortages, potential pandemics, and increased deglobalization.

Bloomberg has published a piece highlighting the major economic risks the world is facing due to the war in Ukraine, soaring inflation, and rising fuel and basic commodity prices. Three prominent market experts share their views on the next significant risk over the next five to ten years. Abby Joseph Cohen, former strategist at Goldman Sachs and current Columbia University professor, emphasizes the importance of addressing labor shortages and inadequate education for future professionals.

Sam Bankman-Fried, CEO of FTX, warns of a more severe pandemic potentially causing even greater disruptions. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with countries prioritizing self-sufficiency in food and energy

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