Bloomberg recently published an article discussing the looming economic risks for the world amidst the ongoing war in Ukraine, rising inflation, and increased prices of fuel and basic commodities. Three prominent market experts shared their concerns on 'the next big risk' facing the globe over the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University faculty member, worries about the labor shortage and inadequate skills development among students. She emphasizes the importance of investing in research, training, and education to ensure a more comfortable future for workers. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, is concerned that a more deadly virus could emerge, causing greater devastation than the effects of the COVID-19 pandemic. Ken Moelis, founder and CEO of Moelis & Co., believes the world is moving towards deglobalization, with nations becoming more self-reliant, particularly in food and energy resources, to avoid dire consequences in times of crisis
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