The Hindu Editorial (Economy in lockdown) – Apr 20, 2020
Less than two months after asserting that “global growth appears to be bottoming out”, the pandemic induced ‘Great Lockdown’… For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Economy in lockdown) – Apr 20, 2020.
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Today’s word list-2 for The Hindu Editorial (Economy in lockdown) – Apr 20, 2020:
- 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.
- worst-case scenario (adjective) – the most serious or severe possible thing (environment, circumstances or outcome) that could happen in any given situation.
- projection (noun) – forecast, prediction, estimation/reckoning, prognosis.
- avert (verb) – prevent, stop, avoid.
- assert (verb) – declare, announce, state (confidently).
- bottom out (phrasal verb) – to reach a lowest or worst point (and from there the condition will only improve).
- 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.
- junk (verb) – throw away, discard, abandon/shed.
- (be) face with (verb) – be confronted by, encounter, come across.
- stark (adjective) – clear, distinct, evident.
- sweeping (adjective) – decisive, thorough, complete/total.
- shutdown (noun) – closure of a (complete) system; closing down, winding up.
- forecast (verb) – predict, foresee, speculate, estimate.
- contraction (noun) – decline, decrease, reduction.
- Great Depression (noun) – a worldwide economic depression that started in 1929 and lasted until the late 1930s (almost for 10 years until about 1939). Although it originated in the United States, the Great Depression caused drastic declines in output, severe unemployment, and acute deflation in almost every country of the world.
- slash (verb) – reduce, lower, cut (a price) greatly.
- recession (noun) – economic decline, downturn, slump.
- blindside (verb) – make (someone) not able to see the truth.
- 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 service.
- fixed asset investment (noun) – a measure of capital spending. It refers to any investment within the measurement period in physical assets, such as real estate infrastructure, machinery, etc. that are held for more than one year.
- optimistically (adverb) – hopefully, confidently, positively.
- foresee (verb) – anticipate, predict, forecast.
- rebound (noun) – recovery after decline; bouncing back, recovering, picking up, rallying (after decline).
- predicate (verb) – assert, propose, put forward, submit.
- baseline scenario (noun) – it is also known as ‘reference’ or ‘benchmark’ or ‘non-intervention’ scenario; it depicts a future state of society and/or environment in which no new environmental policies are implemented apart from those already in the pipeline today. It simply means “assumed situation or state of affairs”.
- fade (verb) – decrease, decline, diminish, dwindle, disappear gradually.
- containment (noun) – an act of keeping something (harmful) under control (it means quickly identifying cases of coronavirus through testing, placing infected individuals in isolation, tracking who infected persons might have been in contact with and potentially quarantining those who came into contact with infection so that the disease doesn’t continue to spread).
- unwind (verb) – slow down, relax, loosen up, ease off.
- nurture (verb) – encourage, promote, foster; assist/help.
- revival (noun) – improvement, rallying/picking up, betterment.
- jettison (verb) – discard, throw out, abandon.
- storied (adjective) – famous, celebrated.
- fiscal conservatism (noun) – a political position (primarily in the United States) that calls for lower levels of public spending, lower taxes and lower government debt.
- advocate (verb) – support, promote, champion/espouse.
- ramp up (phrasal verb) – increase.
- broad-based (adjective) – wide-ranging, general.
- stimulus (noun) – impetus, boost, incentive, fillip.
- prune (verb) – reduce, cut/trim, decrease.
- budget deficit (noun) – it happens when spending exceeds income. It also shows the financial health of a country.
- prolong (verb) – lengthen, extend, protract, drag out.
- downturn (noun) – decline, setback, blow/upset (in economic activity).
- context (noun) – circumstances, conditions, situation.
- pale (verb) – decrease in importance, lose significance.
- undertake (verb) – take up (a responsibility), engage, commit oneself, guarantee, assure.
- informal sector (noun) – informal economy, grey economy is the part of an economy that is neither taxed, nor monitored by any form of government.
- disruption (noun) – disturbance, disarrangement, interruption.
- substantial (adjective) – considerable, significant, large.
- stimulus package (noun) – an attempt by the government to boost economic growth and save their country from a financial crisis by involving tax cuts, lowering interest rates and increasing government spending.
- leg (noun) – support, a means of help (for action).
- has a leg to stand on (phrase) – have valid reasons to support one’s arguments/actions.
1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/.
2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in different context.
3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.
Today’s word list-2 The Hindu Editorial (Economy in lockdown) – Apr 20, 2020: