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LISBON: The Portuguese economy is set to contract by 2.3 per cent this year due to a sharp fall in domestic demand and disappointing export growth

This article basically talks about the decreasing growth of the Portuguese economy. It states that the Portuguese economy will contract by 2.3% this year due to a steep fall in aggregate demand and exports. This can only lead to negative consequences as the firms will start to sell less/produce less and therefore earn less of a profit or no profit at all. SO what these firms will start to do is cut costs of FOP which basically means lay off workers, raising unemloyment, further worsening the economy, because then the people laid off will buy less from other firms and the same process will occur over and over again untill you get to the economic situation of Greece.

The article talks about the overall German economy. The economy ministry states that although there is weak development in industrial output to the point where there is contraction the GDP during the fourth quarter of 2012, there are many signs that indicate the growing economy. He states that the economy has reached its lowest point already. The country sees a growth of 0.8 percent in industrial orders as there is an increase in euro zone. Furthermore, many surveys indicate that many businesses, investors, and consumers are becoming more optimistic. Data has shown that there is increase in exports, international trade, and as well as a decrease in unemployment. Contribute by a narrowed US trade deficit indicates an increase in global demand. This article can be related back to the business cycle. As you can see, by description, German's economy is in a trough phase and with evidences indicating that it is leading towards the recovery phase. This shows that there is a lowest point in the phase where the economy can not get any worse. There is a point that there is still consumption. We can also see that during the recession, GDP decreases, aggregate output decreases, aggregate demand decreases, and unemployment increases. This clearly reflects the business cycle.

Public sector banks, from State Bank of India to Allahabad Bank, will hire as many as 56,500 people in the next six months in the highest ever recruitment drive by the industry in more than a decade as business grows and the threat of new banks looms as the Reserve Bank of India plans to issue new licences soon. The recruitments by more than a dozen banks will be 30% higher than last year's numbers as hopes of business cycle turning for the better grow, bankers said.

This article talks about the Indian Private Sector Banks planning to hire more than 56500 people to work for them in the next 6 months, essentially creating 56500 jobs. It would be the highest recruitment of jobs in more than a decade and would help solve the economic crisis. It states that the recruitments by more than a dozen banks will be higher 30% higher than last years. What we can see here is the trough of the business cycle where the economy cannot get any worse, so therefore it will improve. India made the important leap of changing from the contraction area of the curve to the expansion area where Real GDP will grow !

This is a rather intersting article as it shows us how the industry in India is growing and how this has given jobs to that incredible amount of people. I agree with your point that the economy can't get any worse, thus there will be improvements when it reaches a certain point and therefore the real GDP wil grow.

The United States remains desperate for faster growth and stronger job creation as it continues its slow recovery from the 2009 recession. Peter Blair Henry, the dean of NYU's Leonard N. Stern School of Business states private investment is falling $1 trillion short per year due a to disputes over the "fiscal cliff," the federal borrowing limit and other issues." Monetary policy and fiscal policy are working at "cross purposes" - one is expanding while the other contracts." Governments should save money during times of economic prosperity and spend it to boost the economy when growth decreases. Lawmakers should prioritize predictability in policymaking to trigger private investment and government investments, particularly in education, should be off-limits to cuts. Henry points out that a solution to closing the wage gap is to produce more skilled workers. Raising taxes on the highest tax bracket may also be part of the solution to overall sustainability concerning the fiscal side, but not a solution for income inequality.

The economic growth in the US has been slowed down in the past month. Overall in March, the rate of new orders dropped causing the fall of national factory activity to 51.3 from 54.2 that occurred in February. A reading above 50 indicates expansion in the manufacturing sector, and a number below 50 means contraction, thus despite the fact that the index fell, there is still expansion in factory activity but it had a lower rate in March. Altogether, new orders index, prices-paid gauge, inventories fell, while the employment improved.