Bloomberg has published an article discussing significant economic risks facing the global economy due to the ongoing conflict in Ukraine, escalating inflation, and rising costs of fuel and essential goods. The piece highlights the views of three prominent market experts on looming threats over the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, emphasizes the impending labor shortages and underdeveloped skills among students, advocating for increased investment in education and worker welfare. Sam Bankman-Fried, CEO of FTX, expresses concern over the potential outbreak of a more severe pandemic, warning that global systems must be strengthened to prevent similar future crises. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations focusing on internal self-sufficiency in food and energy to mitigate economic vulnerabilities
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