Bloomberg published an article highlighting major economic risks facing the world, including the war in Ukraine, rising inflation, and increased fuel and commodity prices. The piece includes insights from three market visionaries, with Abby Joseph Cohen expressing concern over labor shortages and inadequate skills development among students.
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.
Economic Risks Market Visionaries Abby Joseph Cohen Labor Shortages Skills Development Rising Inflation Ukraine War Fuel Prices Commodity Prices
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.
Labor Shortage and Skills Gap Top Global Economic Risks, Experts WarnBloomberg highlights the major economic threats facing the world, including the war in Ukraine, inflation, and rising commodity prices. Three market experts identify the most pressing risk: a shortage of skilled labor. Abby Joseph Cohen, former Goldman Sachs strategist, stresses the need for investment in education, training, and worker well-being to address this challenge.
Read more »
Labor Shortages and Skills Gaps Pose Major Economic Risk, Experts WarnBloomberg highlights the looming economic risks facing the world due to the war in Ukraine, inflation, and rising commodity prices. Three market visionaries, including former Goldman Sachs strategist Abby Joseph Cohen, identify labor shortages and inadequate skills development as key concerns for the future.
Read more »
Experts Warn of Global Economic Risks in the Coming DecadeBloomberg explores potential economic threats facing the world, including labor shortages, pandemics, and deglobalization. Three market experts share their insights on the biggest risks in the next 5-10 years.
Read more »
Experts Warn of Looming Economic Risks: Labor Shortages Top the ListBloomberg highlights major global economic risks stemming from the war in Ukraine, rampant inflation, and rising fuel and commodity prices. Three market experts share their insights on the 'next big risk' for the world in the next five to ten years. Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, expresses concern about labor shortages and the lack of skills development among young people entering crucial fields.
Read more »
Labor Shortages and Skills Gap Top Global Economic Risks, Experts WarnBloomberg highlights major economic threats facing the world, including the war in Ukraine, inflation, and rising commodity prices. Three market experts identify the looming skills shortage and inadequate education as the next big risk in the coming decade. Abby Joseph Cohen emphasizes the need for investment in research, training, and worker well-being to ensure a future-ready workforce.
Read more »
Experts Warn of Future Economic RisksBloomberg spoke with three market visionaries about the biggest economic risks facing the world in the next 5-10 years. They highlighted concerns ranging from labor shortages and pandemics to deglobalization and rising commodity prices.
Read more »