Bloomberg reports on the major economic threats facing the world, including war in Ukraine, inflation, and rising commodity prices. Three market experts shared their insights on the most pressing risks for the next five to 10 years. Abby Cohen predicts a labor shortage and skills gap, while Sam Bankman-Fried warns of a more deadly pandemic. Ken Moelis highlights the growing trend of deglobalization.
Bloomberg recently published a piece on the big economic risks that are looming ahead for the world in the face of the war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The write-up featured the thoughts of three market visionaries on “the next big risk” for the world in the next five to 10 years.
Abby Joseph Cohen, ex-strategist for Goldman Sachs Group Inc. who is currently teaching at Columbia University, is worried about the shortage of labor and the inadequate skills development of students—young people who will be the world’s future scientists, doctors, engineers, and so on. Cohen believes it is important to invest in the future and to take care of workers so that their families are more comfortable.
The CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, is concerned that a deadlier and more devastating virus will be unleashed into the world and cause far worse consequences than what Covid did to us. It is obvious, he said, that we did not learn our lessons after the last pandemic. And so when the next one hits us, it’s likely that we will not have put in place the systems that we need to protect our people and our economy.
The founder and CEO of Moelis & Co., Ken Moelis, believes that the world is heading towards deglobalization, or the tendency of nations to look within and make sure they have enough for their own people. With everything that’s happening around the world today, every nation needs to make sure that they have control over their own food and energy, he says. Otherwise, when the price of oil and gas hits $200, for instance, there may be dire consequences for the unprepared nations.
It is apparent that we should always be looking at future risks and listening to the wisdom of economic experts such as the economic resource persons above, especially now that the new government is just starting its work and lining up the country’s new leaders and new projects for the next six years.I would like to invite everyone to our art exhibit that is opening on August 6, 2022, at 4:00 p.m.
Economics Global News Global Risks Economy Inflation Deglobalization Pandemic Labor Shortage Skills Gap
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Leaders Sound the Alarm on Looming Economic RisksBloomberg spoke with three market experts about the most significant global economic risks over the next five to ten years. Concerns range from labor shortages and inadequate skills development to the threat of a deadlier pandemic and the rise of deglobalization.
Read more »
Global Market Visionaries Sound the Alarm on Emerging RisksBloomberg explores the looming economic threats facing the world, highlighting the perspectives of three prominent market figures on the most significant risks in the next decade. Abby Joseph Cohen foresees a labor shortage and skills gap, emphasizing the need for investment in education and worker well-being. Sam Bankman-Fried warns of a potentially more catastrophic pandemic, stressing the importance of pandemic preparedness. Ken Moelis anticipates deglobalization, where nations prioritize self-sufficiency in food and energy security.
Read more »
Global Economic Risks: Market Visionaries Sound the AlarmBloomberg explores the looming economic threats facing the world, featuring insights from three prominent figures on the most significant risks for the next decade. Concerns range from labor shortages and inadequate skills development to the possibility of a devastating pandemic and the rise of deglobalization.
Read more »
World Leaders Sound the Alarm on Looming Global RisksThree market visionaries, Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis, outline their biggest fears for the next decade. Cohen warns about a looming labor shortage and inadequate skills development, Bankman-Fried fears a more deadly virus, and Moelis predicts a rise in deglobalization.
Read more »
Researchers sound the alarm over microplastics in the body(UPDATE) PARIS — Microplastics have been found throughout the human body — including inside the lungs, blood and brains — and while it is not yet clear how harmful they are to our health, some researchers are sounding the alarm.
Read more »
Experts Sound Global Risks Alarms: From Labor Shortages to PandemicsBloomberg explores major global risks predicted by market leaders over the next decade. Concerns range from labor shortages and skills gaps to the emergence of a deadly pandemic and the rise of deglobalization.
Read more »