Three Market Experts Discuss Major Economic Risks in the Next Decade

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Economy News

Economic Risks,Ukraine War,Inflation

Bloomberg's recent publication outlines the major economic risks anticipated by three leading market experts over the next five to ten years. Their concerns range from labor shortages and insufficient workforce development to the potential for a more severe global pandemic and a shift towards deglobalization.

Recently, Bloomberg published an article discussing the significant economic challenges and risks facing the world due to the ongoing conflict in Ukraine, escalating inflation rates, and the increasing costs of fuel and essential goods. The article highlights the insights of three prominent market experts about the major threats that could emerge in the next five to ten years.

Abby Joseph Cohen, a former Goldman Sachs strategist now teaching at Columbia University, emphasizes the need for addressing the labor shortage and underdeveloped skills among students. Cohen advocates for increased investment in research, education, and training to ensure future generations are well-prepared. Sam Bankman-Fried, CEO of FTX, warns of the potential for a more severe pandemic that could bring about worse outcomes than those experienced during the Covid-19 crisis. He argues that we must improve our preparedness to mitigate the impact of future outbreaks. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, where countries focus more on self-sufficiency in food and energy to protect their populations from economic shocks

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