Market Visionaries Warn of Upcoming Economic Risks in the Next Decade

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Economy News

Economic Risks,Market Visionaries,War In Ukraine

Bloomberg's recent article highlights concerns from three market visionaries about looming economic risks over the next 5-10 years, including labor shortages, pandemics, and deglobalization.

Bloomberg has published a piece discussing major economic risks facing the world due to the ongoing war in Ukraine, rising inflation, and increasing costs of fuel and basic commodities. The article features insights from three market visionaries on what they consider to be the 'next big risk' for the world in the next 5-10 years. Abby Joseph Cohen, a former strategist at Goldman Sachs Group Inc.

and current Columbia University professor, is concerned about the labor shortage and inadequate skills development among the youth, who will shape the future as scientists, doctors, engineers, etc. Cohen emphasizes the need to invest in research, training, and education to secure a better future for workers and their families. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns of a more severe and destructive virus potentially causing worse devastation than the impact of the recent pandemic. He highlights the importance of preparedness and robust health systems to prevent future pandemics. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations focusing more on self-sufficiency in food and energy to avoid dire consequences in the face of escalating oil and gas prices

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