Market Experts Sound the Alarm on Top Global Risks for the Next Decade

Bloomberg recently published a piece on the looming economic risks facing the world, considering the war in Ukraine, soaring inflation, and rising fuel and commodity prices. The article featured insights from three market visionaries on the 'next big risk' over the next five to 10 years. Abby Joseph Cohen, former Goldman Sachs Group Inc. strategist and current Columbia University professor, expressed concerns about labor shortages and inadequate skills development among students.

She emphasized the importance of investing in research, training, and education, while ensuring worker well-being. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warned about the potential emergence of a more deadly and devastating virus than Covid-19, highlighting the lack of lessons learned from the previous pandemic. He stressed the need for robust systems to protect populations and economies from future outbreaks. Ken Moelis, founder and CEO of Moelis & Co., predicted a trend towards deglobalization, with nations prioritizing self-sufficiency in food and energy. He cautioned that unprepared nations could face severe consequences during global economic shocks, such as soaring oil and gas prices

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Global Market Visionaries Sound the Alarm on Emerging RisksBloomberg explores the looming economic threats facing the world, highlighting the perspectives of three prominent market figures on the most significant risks in the next decade. Abby Joseph Cohen foresees a labor shortage and skills gap, emphasizing the need for investment in education and worker well-being. Sam Bankman-Fried warns of a potentially more catastrophic pandemic, stressing the importance of pandemic preparedness. Ken Moelis anticipates deglobalization, where nations prioritize self-sufficiency in food and energy security.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Global Economic Risks: Market Visionaries Sound the AlarmBloomberg explores the looming economic threats facing the world, featuring insights from three prominent figures on the most significant risks for the next decade. Concerns range from labor shortages and inadequate skills development to the possibility of a devastating pandemic and the rise of deglobalization.
Source: BusinessMirror - 🏆 19. / 59 Read more »