Bloomberg's latest analysis spotlights economic risks including labor shortages, future pandemics, and deglobalization, as viewed by leading market experts.
Bloomberg recently published an analysis highlighting the significant economic challenges ahead due to the ongoing war in Ukraine, rampant inflation, and escalating fuel and commodity prices. The article presents the insights of three leading market experts on the prospective risks over the next five to ten years. Abby Joseph Cohen, the former strategist at Goldman Sachs Group Inc.
, now teaching at Columbia University, expresses concern over the labor shortage and insufficient skills development among students who will shape future scientific, medical, and engineering professions. She emphasizes the importance of investing in research, training, and education to ensure workers' families are well-supported. Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX, is worried about the potential emergence of a more lethal virus that could cause even greater harm than the COVID-19 pandemic. He notes that global preparedness for such an event would require robust systems to prevent outbreaks from escalating into pandemics. Ken Moelis, the founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations prioritizing self-sufficiency in food and energy to safeguard against future economic shocks, particularly in the face of volatile oil and gas prices
Labor Shortage Future Pandemics Deglobalization Economic Risks Market Experts
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