Bloomberg has published an article on the looming economic risks facing the world due to the war in Ukraine, rising inflation, and increased prices of fuels and basic commodities. The article highlights the concerns of three leading market experts. Abby Joseph Cohen, former strategist at Goldman Sachs and current Columbia University professor, is concerned about the shortage of labor and the underdevelopment of skills among the younger generation.
She advocates for investment in the future and care for workers. Sam Bankman-Fried, CEO of FTX, is worried about the potential of a more devastating virus causing greater damage than COVID-19. He believes the world failed to learn from the last pandemic and is unprepared for future outbreaks. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend of deglobalization, with nations focusing on self-sufficiency in food and energy to protect against future economic shocks
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