Bloomberg has recently published an article focusing on the significant economic risks facing the world in the context of the ongoing war in Ukraine, rising inflation, and escalating costs of fuel and essential goods. The article includes insights from three notable market experts on the anticipated major risks over the next five to ten years.
Abby Joseph Cohen, formerly a strategist at Goldman Sachs and now a professor at Columbia University, emphasizes the concern over labor shortages and the inadequate skills development among students, highlighting the importance of investing in future research, training, and education. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, expresses worry about the potential release of a more severe and destructive virus, suggesting that the world may not be adequately prepared for such an event due to a lack of lessons learned from the previous pandemic. Ken Moelis, founder and CEO of Moelis & Co., posits that the world is moving towards a state of deglobalization, where nations are increasingly focusing on self-sufficiency in food and energy to ensure their own security
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