Bloomberg highlights major economic risks facing the globe, including war in Ukraine, soaring inflation, and rising commodity prices. Three market experts share their concerns about the next big threat in the coming decade. Abby Joseph Cohen warns of a labor shortage and inadequate skills development, urging investment in education and worker well-being. Sam Bankman-Fried fears a more deadly virus outbreak, highlighting the lack of preparedness after the COVID-19 pandemic. Ken Moelis predicts a trend towards 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.
World Economy Economic Risks Inflation Deglobalization Pandemic
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 Sound the Alarm on Looming Economic RisksBloomberg spoke with three market experts about the most significant global economic risks over the next five to ten years. Concerns range from labor shortages and inadequate skills development to the threat of a deadlier pandemic and the rise of deglobalization.
Read more »
World Leaders Sound the Alarm on Looming Global RisksThree market visionaries, Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis, outline their biggest fears for the next decade. Cohen warns about a looming labor shortage and inadequate skills development, Bankman-Fried fears a more deadly virus, and Moelis predicts a rise in deglobalization.
Read more »
World Leaders Sound Alarm on Top Risks for the Next DecadeBloomberg highlights major economic threats facing the globe, including the war in Ukraine, soaring inflation, and rising commodity prices. Three industry experts share their perspectives on the most pressing risks for the world in the next 5 to 10 years.
Read more »
World Leaders Sound the Alarm on Emerging Economic RisksBloomberg highlights the growing economic dangers facing the world, with experts predicting potential threats such as labor shortages, pandemics, and deglobalization.
Read more »
World Leaders Sound Alarm on Future Risks: Labor Shortages, Pandemics, and DeglobalizationBloomberg highlights concerns of three prominent figures about major global risks over the next five to 10 years. Abby Joseph Cohen fears a labor shortage and inadequate skills development, urging investment in education and worker welfare. Sam Bankman-Fried warns of a more deadly pandemic and the lack of preparedness learned from COVID-19. Ken Moelis anticipates deglobalization, with nations prioritizing self-sufficiency in food and energy.
Read more »
Experts Sound Alarm: What are the Biggest Risks Facing the World?Bloomberg spoke to three market visionaries about the most significant risks the world could face in the coming years. From labor shortages to a potential deadly pandemic, here are the concerns experts are raising.
Read more »