Bloomberg recently published a piece on the looming economic risks facing the world due to the war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The write-up featured insights from three market visionaries on 'the next big risk' for the world in the next five to 10 years. Abby Joseph Cohen, former strategist for Goldman Sachs and current Columbia University professor, highlights concerns over labor shortages and inadequate skills development among young people.
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns of a more deadly virus outbreak that could cause greater devastation than the current pandemic. Ken Moelis, founder and CEO of Moelis & Co., believes the world is moving towards deglobalization, with nations prioritizing self-sufficiency in food and energy
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