Bloomberg's latest article explores the looming economic threats facing the world, highlighting the perspectives of three prominent figures on the biggest risks over the next decade. Concerns range from labor shortages and inadequate skills development to the potential for a more devastating pandemic and the rise of deglobalization.
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 (in terms of research, training, education, etc.) 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. Ideally, systems should be such that outbreaks do not have to turn into pandemics. 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 nation
Global Risks Deglobalization Pandemic Labor Shortage Economic Outlook
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.
World leaders urged to free Amazon, Verde Island Passage from fossil fuels'The industry's operations and the use of its products disrupt fragile ecosystems, destroy habitats, and pollute air, water, and soil, pushing countless species to human-induced extinction,' over 140 groups say in a statement at COP16
Read more »
World leaders praise Trump as he claims US election winHong Kong, China—World leaders raced to praise Donald Trump as he claimed a stunning US election victory over Kamala Harris, while financial markets
Read more »
World leaders pledge to work with Trump as he wins US electionHong Kong, China—World leaders raced to congratulate Donald Trump on Wednesday as he triumphed in a stunning US election victory over Kamala Harris.
Read more »
World leaders pledge to work with Trump after election triumphPARIS — World leaders raced to congratulate Donald Trump on Wednesday as he triumphed in a stunning US election victory over Kamala Harris.
Read more »
World’s biggest cobalt miner is gloomy on the EV metal’s futureThe world’s No. 1 cobalt miner is sounding the alarm over the shrinking role of the metal in electric vehicle batteries. Chinese company CMOC Group Ltd.
Read more »
World leaders meet for climate talks, but big names missingDozens of world leaders convene in Azerbaijan on Tuesday for COP29 but many big names are skipping the UN climate talks where the impact of Donald Trump's
Read more »