The Economic
Cycle in
Pictures
Using images to reinforce the
different stages of the economic cycle
A: The number of new
housing starts begins to fall
D: Rising homelessness
E: Rising demand for
steel
B: There are more
unfilled job vacancies
C: Increasing
hours of
overtime
F: Long-term
unemployment
reaches new high
J: Rising business class
air revenues
G: Car plants decide to
reduce the number of
shifts
I: Home delivered pizza
becomes more popular
H: Consumers hit by
delays in product
delivery
K: Share prices hit by
rise in number of
company profit
warnings
L: Rising
lipstick
sales
M: Rising real income
N. Government announces a
fall in trade deficit due to
decline in imports
R: Imports of sewing
machines rise
P: Brick manufacturers report a rise
in unsold stocks
O: Supply of rented
property exceeds demand
Q: McDonald’s holds prices despite
rise in costs
U: More building skips
start appearing on the
streets
S: Banks relax
credit rules
X: Oil refineries report
a reduction in crude oil
stocks
V: Sales of milk
chocolate start to
decline
T: The cost of
shipping goods
around the world
starts to rise
Y: More companies
attempt to introduce
wage freezes
Z: Rising
government
spending
W: Shops delivering
lunchtime sandwiches
to offices raise their
prices because of
strong demand
Real
GDP
A
B
C
D
E
F
G H
I
J
K
L
M N
O P
Q R
S
T
V
X
Z
U
The economic cycle in pictures
W
Y
Time