Bloomberg has recently published an article discussing significant economic risks facing the world due to the ongoing war in Ukraine, rising inflation, and increasing prices of fuel and basic commodities. The article includes insights from three market visionaries on the 'next big risk' for the world in the coming five to ten years. Abby Joseph Cohen, a former strategist for Goldman Sachs Group Inc.
and current Columbia University professor, highlights concerns over labor shortages and inadequate skills development among the youth. She emphasizes the importance of investing in the future and ensuring worker comfort. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, expresses worry about a more severe virus causing greater consequences than the impact of the COVID-19 pandemic. He asserts that nations did not adequately learn from the last pandemic and are unprepared for future outbreaks. Ken Moelis, founder and CEO of Moelis & Co., predicts a move towards deglobalization, with nations prioritizing self-sufficiency in food and energy. He warns that without such measures, the world may face severe repercussions when the price of oil and gas surges
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