The Hindu Editorial (Historic recession) – Nov 30, 2020
The fact that India’s economy entered a technical recession in the July-September period has now been confirmed by National Statistical Office data. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Historic recession) – Nov 30, 2020.
To read this article, click here.
This preview is provided here with permission.
Courtesy: The Hindu
Today’s word list-2 for The Hindu Editorial (Historic recession) – Nov 30, 2020:
- recession (noun) – economic decline, slowdown, downturn, depression, slump.
- 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.
- slump (noun) – decline, tumble, downturn, steep fall, decrease.
- robust (adjective) – strong, powerful.
- stimulus (noun) – In economics, stimulus refers to attempts to use monetary or fiscal policy (or stabilization policy in general) to stimulate the economy; impetus, boost, incentive, fillip.
- 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.
- protracted (adjective) – prolonged, extended, lengthened/lengthy.
- provisional (adjective) – temporary, interim, transitional, preliminary.
- shrank past of shrink (verb) – lessen, reduce, decrease.
- contraction (noun) – In economics, it refers to a decline in national output as measured by gross domestic product; shrinking, decline, decrease.
- successive (adjective) – consecutive, continuous, succeeding.
- slide (verb) – fall, drop, plunge/descend (to a lower level).
- ought to (modal verb) – must, should.
- notwithstanding (adverb) – nevertheless, nonetheless; in spite of, despite, regardless of.
- apparent (adjective) – evident/clear, visible, noticeable, recognizable.
- momentum (noun) – impetus, thrust, strength, energy, force.
- narrow (adjective) – reduce, lessen, lower, decrease.
- preceding (adjective) – previous, prior, earlier.
- precipitous (adjective) – sudden, unexpected, swift, abrupt.
- look at (phrasal verb) – check, analyse, examine.
- 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.
- room (noun) – scope, opportunity, chance (for something to happen).
- private consumption or consumption expenditure (noun) – the spending by households (consumers) on goods and services, excluding new housing.
- propel (verb) – motivate, spur, drive, prompt.
- albeit (conjunction) – though, even though, however.
- reflect (verb) – indicate, show, reveal, exhibit.
- wariness (noun) – caution, carefulness, alertness, circumspection; suspicion, scepticism.
- amid (preposition) – in the middle of, surrounded by; during.
- 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.
- government (final) consumption spending or expenditure (noun) – an aggregate transaction amount on a country’s national income accounts representing government expenditure on goods and services that are used for the direct satisfaction of individual needs or collective needs of members of the community.
- hitherto (adverb) – previously, earlier, so far/thus far, until now.
- bulwark (noun) – protector, guard, supporter.
- the bottom falls/drops out (phrase) – used to refer to a disastrous loss or collapse of something.
- precarious (adjective) – risky, dangerous, unsafe; hazardous, perilous, unreliable.
- taken together (phrase) – used when there are a number of factors or elements to be considered.
- gross fixed capital formation (GFCF) (noun) – (formerly gross domestic investment) Gross fixed capital formation is essentially net investment. It is a component of the Expenditure method of calculating GDP. To be more precise Gross fixed capital formation measures the net increase in fixed capital.
- puzzling (adjective) – bewildering, perplexing, mystifying, bemusing, confusing, unclear, difficult to understand.
- fourfold (adjective) – four times as great (in number, price, value).
- discrepancy (noun) – difference, variance, contradiction, incompatibility.
- 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.
- resumption (noun) – restarting, reopening, recommencement.
- inexplicably (adverb) – in a way something can not be accountable/explainable/understandable.
- jettison (verb) – discard, throw out, abandon.
- correlation (noun) – similarity, parallel, resemblance.
- Index of Industrial Production (IIP) (noun) – a composite (combined/complex) indicator that measures the changes in the volume of production of a basket of industrial products during a given period with respect to the volume of production in a chosen base period.
- rebound (verb) – recover.
- uptick (noun) – a small increase or upward trend.
- (be) couple with (verb) – combine, integrate, connect, incorporate, link.
- inventory (noun) – stock of a business; the goods and materials that a business holds for the ultimate goal of resale.
- ominous (adjective) – threatening, menacing, unfavourable, unpromising.
- portent (noun) – sign/indication, forecast, prediction.
- given (preposition) – considering, taking into account, bearing in mind.
- credit intermediation (noun) – an act of the middleman/intermediary between two parties in a credit transaction.
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 (Historic recession) – Nov 30, 2020: