The Hindu Editorial (Back to the future) – Mar 03, 2021

After two quarters of a sharp contraction, India’s economy is estimated to have rebounded out of a ‘technical recession’ to record feeble growth in the October-December 2020 period,… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Back to the future) – Mar 03, 2021.

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The Hindu Editorial (Back to the future) – Mar 03, 2021:

rebound (noun) – recovery (after a decline).
out of the woods (phrase) – out of difficulty.
loom (verb) – emerge, appear, become visible, take a threatening shape.
quarter (noun) – a period of three months (considered as one-fourth of a year).
contraction (noun) – In economics, it refers to a decline in national output as measured by gross domestic product; economic decline (recession).
rebound (verb) – recover (after a decline).
recession (noun) – economic decline, slowdown, downturn, depression, slump.
record (verb) – state, mention, say.
feeble (adjective) – poor, weak, thin ineffective.
Gross domestic product (GDP) (noun) – a measure of economic activity in a country. It is the total value of a country’s annual output of goods and services.
gross value added (GVA) (noun) – it is a measure of total output and income in the economy. It provides the rupee value for the amount of goods and services produced in an economy after deducting the cost of inputs and raw materials that have gone into the production of those goods and services. It also gives sector-specific picture like what is the growth in an area, industry or sector of an economy. On the other hand, GDP or gross domestic product is a measure of economic activity in a country. It is the total value of a country’s annual output of goods and service.
pandemic (noun) – the worldwide spread of a new disease; The illness spreads around the world and typically affects a large number of people across a wide area.
lockdown (noun) – an emergency protocol implemented by the authorities that prevents people from leaving from a place; An extended state of confinement/encirclement/isolation of a person by the authority.
subsequent (adjective) – following, ensuing, successive.
surge (noun) – sudden rise or increase.
take the wind out of someone’s sails (phrase) – If you take the wind out of someone’s sails, you keep/prevent them from reaching their objectives. You create a barrier or block them in some way; disappoint, let down, discourage.
mobility (noun) – transportability, portability; vigour, strength, potency.
fiscal year (noun) – financial year.
unlock (noun) – a process of freeing something from restrictions.
bring back (phrasal verb) – cause something to return to.
semblance (noun) – similarity, equivalence, resemblance, likeness.
normalcy (noun) – a normal condition; normality, regularity.
pent-up (adjective) – suppressed, confined, held back, not expressed (emotions/feelings).
spur (verb) – motivate, stimulate, encourage, galvanize.
reboot (verb) – reintroduce/reinstitute, re-establish, restore.
resilient (adjective) – strong, sturdy, durable, buoyant.
bulwark (noun) – protector, guard, supporter.
clock (verb) – achieve, attain.
preceding (adjective) – previous, prior, earlier.
resurface (verb) – come out, arise again.
stress (noun) – trouble, difficulty, strain, pressure.
push (noun) – effort, initiative, drive.
government spending or public spending (noun) – money spent by the government.
contract (verb) – decline, decrease, diminish, reduce.
fixed capital formation (noun) – the process of a firm increasing its stock of fixed capital.
momentum (noun) – impetus, energy, force.
perhaps (adverb) – maybe, possibly.
uptick (noun) – a small increase or upward trend.
due to (phrase) – because of, owing to, on account of, as a result of.
National Statistical Office (NSO) (noun) – The Ministry of Statistics and the Department of Programme Implementation has two wings, one relating to Statistics and the other Programme Implementation. The Statistics Wing called the National Statistical Office (NSO) gives considerable importance to coverage and quality aspects of statistics released in the country. The statistics released are based on administrative sources, surveys and censuses conducted by the Center and State Governments and non-official sources and studies.
shrinkage (noun) – reduction, lessening, lowering, drop, decline.
indicator (noun) – measure, index, barometer, signal, gauge.
at best (phrase) – only, merely.
stress (verb) – emphasize, draw attention to, highlight, underline, underscore.
undergo (verb) – go through, be subjected to.
scale down (phrasal verb) – reduce, lower, decrease.
base effect (noun) – it relates to inflation in the corresponding period of the previous year, if the inflation rate was too low in the corresponding period of the previous year, even a smaller rise in the Price Index will arithmetically give a high rate of inflation now.
nudge (verb) – push, prod, encourage.
territory (noun) – domain, area of concern, area of interest; sphere of operations.
tumult (adjective) – turmoil, disturbance, unrest, chaos, mayhem, havoc, upheaval, upset.
swathe (noun) – a wide area of something.
informal sector (noun) – informal economy, grey economy is the part of an economy that is neither taxed nor monitored by any form of government.
reflect (verb) – indicate, show, reveal, exhibit.
-intensive (adjective/usually in combination) – (in business) concentrating on a particular thing.
hotspot (noun) – a limited region/area in which a large number of people have tested positive for COVID-19 in several smaller groups or clusters. In general, hotspot means “a place of significant activity”.
poll-bound (adjective) – destined/guaranteed to have an election (which is imminent/approaching).
bode well/ill (verb) – augur, indicate, portend (a good/bad outcome).
fragile (adjective) – easily broken/destroyed, weak, risky, unreliable, insecure.
expeditious (adjective) – speedy, swift, quick, rapid, fast.
roll-out (noun) – official launch/introduction.
vaccine (noun) – a biological preparation that improves immunity to a particular disease.
draft (in) (verb) – select (someone) and bring him/her somewhere for a particular job.
imperative (adjective) – vitally important, crucial, critical, necessary, essential.
navigate (verb) – travel across, go across, make one’s way across, traverse; handle, manage.
(road) bump (noun) – speed bump, something that makes progress slower; obstruction, obstacle, setback.
deftly (adverb) – cleverly, proficiently, skillfully.