Bloomberg's recent article on looming economic risks features insights from experts who foresee a range of threats including labor shortages, potential pandemics, and deglobalization trends.
Bloomberg has recently published an article discussing the looming economic risks for the world due to the war in Ukraine, soaring inflation, and increasing fuel and basic commodity prices. The article highlights the concerns of three prominent market visionaries regarding the next major risk in the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, is concerned about the labor shortage and inadequate skills development among students. Cohen emphasizes the importance of investing in research, training, and education for the future. Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX, worries about the potential outbreak of a more dangerous and devastating virus. He believes that lessons from the previous pandemic were not learned, and the world is unprepared for the next significant health crisis. Ken Moelis, founder and CEO of Moelis & Co., expresses concern over deglobalization, where nations focus on self-sufficiency to ensure control over their food and energy supplies. Moelis warns that unprepared nations could face severe consequences if fuel prices rise to $200 per barrel
Economic Risks Global Challenges Labor Shortages Pandemic Preparedness Deglobalization
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