The National Institute of Economic and Social Research has advised the UK government to ease its fiscal policy because of the danger of the economy entering another recession. The UK fiscal policy is unintentionally causing deficient demand. Demand was already relatively low as private and public sectors were focusing on paying off their debts. This decline in demand has lead to a decrease in consumption and a fall in GDP. Also, businesses have become reluctant to invest due to the uncertainty about domestic and foreign demand. The UK government has been cautious about easing their fiscal policy because of their desire to achieve their fiscal goals, which they have been relatively successful in reaching so far, as stated by a Treasury spokesman who said: "… the government's commitment to deficit reduction has helped maintain market confidence". A way for the UK to ease their fiscal policy and subsequently increase demand would be to cut taxes, which would allow households to have a higher level of disposable income and firms would be incentivized to invest more because of the rising domestic demand.  

India's inflation rate rose to 7.55% in August, rise that was much faster than expected by analysts. The primary reason behind this is a rise in India's food prices. In order to decrease inflation and lower prices, the Reserve Bank of India tried to raise interest rates. This should cause a decrease in consumption and demand. Thus in the long-run, disinflation will occur as firms will be forced to lower prices in order to maintain a profit. However, altering interest rates has been tricky for central policy-makers as India imports a large quantity of their food from the US, who ultimately have control the prices.  The US will probably add to India's inflation as they are "likely to push up global commodity prices".  Even through raising interest rates, which can be damaging as they hurt businesses and consumer confidence, India still has little control over global prices. As a result, India's inflation will raise even. 

This article discusses the severe rising level of unemployment in Greece. Unemployment rates rose to approximately 24.4% this summer and 55% of young people aged 14 to 24 are unemployed. The reasons behind this high unemployment are that a high percentage of the Greek workforce is employed by the government (about 25%) and these employees receive large unreported subsidies and bonuses. Also, Greece suffers from a large amount of tax evasion, causing it to struggle to pay the high number of government workers. Consequently, Greece had to cut 100,000 government jobs, causing unemployment to rise. Unemployment was high in the first place because of the deep recession which started in 2007. The high unemployment in Greece has further knock on effects on its economy, particularly if the majority of those unemployed are of the younger generation. A young workforce with no jobs means that once the older generation retires, the younger generation will want to take over their jobs but they will not have the experience to do so. Also, they will lose incentive to work hard as they are used to not having jobs. 

This article discusses the need for the U.K. government to "show some political backbone" by becoming more enterprise friendly in order to stimulate the badly required growth of their economy. U.K. business leaders have become increasingly concerned as the CBI has predicted that the U.K. economy will shrink by 0.3% this year. This fall in GDP is a sign that the country is entering a double-dip recession. The reason behind this is declining exports, the on-going euro crisis, a stagnant economy since the coalition, reduced borrowing on credit cards, an increase in unemployment and a lack of household spending. A reduced borrowing on credit cards and lack of household spending directly affects GDP as GDP can be calculated using the expenditure method, where household consumption is one of the factors taken into consideration. If consumption falls, so does GDP. In order to prevent the GDP from falling further and to promote economic growth, schemes such as tax breaks for small firms taking on extra workers ,schemes that boost the mortgage and household market and schemes that support household expenditure have been implemented. This could lead to a rise in employment as well as expenditures, causing GDP to grow.