Bloomberg's recent piece discusses looming economic risks such as the war in Ukraine, inflation, and fuel prices. Three market experts, including Abby Joseph Cohen, emphasize the critical issue of labor shortages and inadequate skills development among future professionals.
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 Labor Shortage Skills Development Inflation Ukraine War
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.
Global Economic Risks: From Labor Shortages to PandemicsBloomberg highlights major economic threats facing the world, including the Ukraine war, inflation, and rising commodity prices. Three market experts discuss their top concerns for the next 5-10 years: labor shortages and skills gaps, a future pandemic, and deglobalization.
Read more »
Global Economic Risks Ahead: War, Inflation, and Labor ShortagesBloomberg highlights the economic challenges facing the world, including the war in Ukraine, soaring inflation, and rising fuel and commodity prices. The article also discusses concerns from three market experts regarding labor shortages and inadequate skills development among the younger generation.
Read more »
Global Economic Risks Looming: War, Inflation, and Labor ShortagesBloomberg highlights major economic threats facing the world, including the war in Ukraine, inflation, and rising fuel and commodity prices. Three market experts discuss upcoming risks, with Abby Joseph Cohen focusing on labor shortages and the need for investment in future skills and education.
Read more »
Global Economic Risks: Labor Shortages and Inadequate Skills Development HighlightedBloomberg has published a piece discussing major economic risks facing the world due to factors like the Ukraine war, inflation, and commodity price increases. The article features insights from market experts, including Abby Joseph Cohen, who emphasizes the importance of addressing labor shortages and skills development among young people to ensure future prosperity.
Read more »
Experts Sound Alarm on Global Economic Risks: Labor Shortages and Skills Gap Top ConcernsBloomberg highlights looming economic risks for the world, including war in Ukraine, inflation, and rising commodity prices. Three market experts, including former Goldman Sachs strategist Abby Joseph Cohen, warn about a potential labor shortage and the lack of skills development among young people, emphasizing the need for investment in education, research, and worker well-being.
Read more »
Global Economic Risks: Experts Sound Alarm Over Labor Shortages and Skills GapBloomberg reports on the major economic threats facing the world due to the war in Ukraine, rampant inflation, and escalating fuel and commodity prices. The article highlights the views of three market experts who identify the 'next big risk' in the coming decade. Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, expresses concern about labor shortages and insufficient skills development among students, emphasizing the need for investments in research, training, and education.
Read more »