Cai Daolu

Visiting Senior Fellow, NUS Business School

Daolu Cai is a Visiting Senior Fellow at NUS Business School’s Department of Strategy and Policy. He received his Ph.D. in economics from the University of Minnesota, Twin Cities and B.A. from Universidad del Pacifico. His research interests include macroeconomics and international economics. Prior to joining NUS Business School, he was a faculty member in the Economics Department at the Pennsylvania State University. Daolu started his teaching career as an instructor in the Department of Economics at the University of Minnesota and in the School of Business at Hamline University. He has served as an economic consultant to public entities and businesses in different regions of the world, including Latin America, Asia and North America.

Empty streets are seen amid the coronavirus pandemic on April 15, 2020 as stay at home order has been extended in Washington, DC until May 15. (Daniel Slim/AFP)

The Great Lockdown: How to ensure a speedy recovery?

With the IMF forecast of a 3% contraction in the global economy for 2020, the economic outlook for a coronavirus-ravaged world is grim. Cai ponders how the world can pick itself up after going through what the IMF terms “the Great Lockdown” and the onslaught of “the worst recession since the Great Depression, and far worse than the Global Financial Crisis”.