Bloomberg has published an article discussing imminent global economic risks, including the ongoing war in Ukraine, escalating inflation, and the rising costs of fuel and basic commodities. The article highlights the concerns of three market experts regarding the 'next big risk' in the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, emphasizes the critical need for investment in research, training, and education to address the looming labor shortage and inadequate skills development among young people. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, expresses worry over the potential for a more severe epidemic that could lead to even greater economic and social disruption than the COVID-19 pandemic. Ken Moelis, founder and CEO of Moelis & Co., foresees a trend towards deglobalization, with countries becoming more self-reliant in matters of food and energy security, potentially exacerbating economic challenges
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