Market Visionaries Warn of Upcoming Global Economic Dangers

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Economics أخبار

Global Risks,Labor Shortage,Pandemic

Three market experts discuss looming global economic risks, including labor shortages, potential viral outbreaks, and deglobalization trends.

Bloomberg has recently published an article discussing global economic risks in the context of the ongoing war in Ukraine, high inflation, and the increasing costs of fuel and basic commodities. The article features insights from three market visionaries on the 'next big risk' for the world in the next five to ten years.

Abby Joseph Cohen, a former Goldman Sachs strategist and current Columbia University professor, is concerned about the labor shortage and inadequate skills development among students who will become future professionals such as scientists, doctors, and engineers. Cohen advocates for investing in future research, training, and education, and ensuring worker well-being. Sam Bankman-Fried, CEO of FTX, warns about the potential outbreak of a more devastating virus that could cause worse impacts than the current pandemic. He argues that lessons from the last pandemic have not been learned, leading to potential unpreparedness for future outbreaks. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations focusing on self-sufficiency in food and energy as a response to global instability. He warns that unprepared nations could face severe consequences if the price of oil and gas reaches $200

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