What phase in the economic growth cycle indicates increasing GDP and improvements in employment opportunities?

The phase in the economic growth cycle that indicates increasing GDP and improvements in employment opportunities is the recovery phase. During recovery, the economy begins to emerge from a period of recession or slowdown, characterized by a rise in consumer demand, increased business investments, and higher levels of employment. This phase typically follows the trough, where economic activity has reached its lowest point.

As businesses respond to the growing demand, they start hiring more workers, leading to a decrease in unemployment rates. GDP growth at this stage reflects the positive momentum of the economy, as production and service delivery ramp up. Increased consumer confidence often accompanies this phase, contributing to a stronger economic environment.

In contrast, the other phases such as recession and trough represent periods of declining economic performance and rising unemployment, while the peak phase signifies the highest level of economic activity before a downturn occurs.