Global Risks: From Pandemics to Deglobalization, Experts Sound the Alarm

Business News

Global Risks: From Pandemics to Deglobalization, Experts Sound the Alarm
EconomicsFinanceGlobal Risks
  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 89 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 74%
  • Publisher: 59%

Bloomberg explores major economic threats facing the world, featuring insights from three market experts on the 'next big risk.' Abby Joseph Cohen warns of labor shortages and skill gaps, emphasizing investment in education and worker well-being. Sam Bankman-Fried fears a more devastating pandemic due to a lack of preparedness from the COVID-19 experience. Ken Moelis predicts deglobalization, with nations prioritizing self-sufficiency in food and energy.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessMirror /  🏆 19. in PH

Economics Finance Global Risks Ukraine War Inflation Deglobalization Pandemic Labor Shortages Education Energy Security

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 PandemicsGlobal 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 »

Experts Sound Global Risks Alarms: From Labor Shortages to PandemicsExperts 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 »

Global Risks: Labor Shortage, Pandemics, and Deglobalization Loom AheadGlobal Risks: Labor Shortage, Pandemics, and Deglobalization Loom AheadBloomberg highlights major economic risks facing the world due to the war in Ukraine, soaring inflation, and rising commodity prices. Three market experts share their concerns: Abby Joseph Cohen on labor shortages and skills gaps, Sam Bankman-Fried on the threat of a more devastating pandemic, and Ken Moelis on the rise of deglobalization.
Read more »

Global Risks: From Labor Shortages to Pandemics and DeglobalizationGlobal Risks: From Labor Shortages to Pandemics and DeglobalizationBloomberg explores major economic threats facing the world, including war in Ukraine, soaring inflation, and rising commodity prices. Three market experts share their perspectives on the next big risk over the next five to ten years, highlighting concerns about labor shortages, pandemics, and deglobalization.
Read more »

Experts Warn of Looming Global Risks from Ukraine War to Virus PandemicsExperts Warn of Looming Global Risks from Ukraine War to Virus PandemicsBloomberg highlights the major economic threats facing the world, including rising inflation, commodity prices, and the war in Ukraine. Three market experts share their predictions for the next major risk: labor shortages, a more deadly pandemic, and deglobalization.
Read more »

Global Risks: From Pandemics to DeglobalizationGlobal Risks: From Pandemics to DeglobalizationBloomberg explores major economic threats facing the world, including war in Ukraine, inflation, and rising commodity prices. Three market experts share their insights on the next big risk: labor shortages, a deadlier pandemic, and deglobalization.
Read more »



Render Time: 2025-02-16 07:34:11