Three prominent economists from Bloomberg warn of looming economic risks including labor shortages, potential deadlier pandemics, and growing trends of deglobalization.
Bloomberg recently highlighted major economic risks facing the global economy due to the ongoing conflict in Ukraine, rising inflation, and increasing costs of fuel and essential goods. The article featured insights from three leading market experts on potential risks in the next 5 to 10 years. Abby Joseph Cohen, a former Goldman Sachs strategist and current Columbia University educator, is concerned about labor shortages and the inadequate skills development among students.
She emphasizes the importance of investing in future research, training, and education. Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX, warns of the potential for a more deadly virus to emerge, causing worse consequences than those seen with the COVID-19 pandemic. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend of deglobalization, with countries focusing on self-sufficiency in food and energy to protect against economic vulnerabilities
Economic Risks Ukraine War Inflation Pandemics Deglobalization Labor Shortages
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