Market Visionaries Warn of Emerging Economic Risks in Next Decade

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ECONOMICS Nieuws

Economic Risks,Ukraine War,Inflation

Three leading market experts have outlined significant economic risks that could affect the global economy in the coming years, including labor shortages, potential pandemics, and the trend towards deglobalization.

Bloomberg has recently published an article discussing the significant economic risks facing the world in light of the ongoing war in Ukraine, rising inflation, and increased prices of fuel and basic commodities. The article highlights the perspectives of three market visionaries on the impending risks over the next five to ten years.

Abby Joseph Cohen, a former strategist at Goldman Sachs and current lecturer at Columbia University, expresses concern over the labor shortage and insufficient skills development among the youth, who will be the future workforce of scientists, doctors, and engineers. Cohen advocates for investments in the future, such as research, training, and education, to ensure worker well-being and family comfort. Sam Bankman-Fried, the CEO of cryptocurrency exchange FTX, warns of a potentially more lethal virus that could cause greater devastation than the current pandemic. He emphasizes the need for better systems to prevent outbreaks from becoming pandemics. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations focusing on self-sufficiency in food and energy to prepare for future crises such as a potential $200 price point for oil and gas

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