The Hindu Editorial (Renewed uncertainty) – Jun 14, 2021

The Hindu Editorial (Renewed uncertainty) – Jun 14, 2021

The latest factory output data released by the National Statistical Office is yet another sign of the rocky start that the economy is having in the new fiscal year. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Renewed uncertainty) – Jun 14, 2021.

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Courtesy: The Hindu

The Hindu Editorial (Renewed uncertainty) – Jun 14, 2021:

  1. uncertainty (noun) – unpredictability, unreliability, riskiness/precariousness.
  2. bleak (adjective) – unpromising, unfavourable, disadvantageous, discouraging, gloomy.
  3. prospects (noun) – possibilities, potential, expectations, outlook, future.
  4. near-term (adjective) – short-term.
  5. revival (noun) – improvement, rallying, picking up; re-establishment, reintroduction, restoration.
  6. consumption demand (noun) – the demand for goods and services by individuals and households in the economy.
  7. 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.
  8. rocky (adjective) – unsteady, unstable/uncertain, problematic.
  9. fiscal year (noun) – financial year.
  10. 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.
  11. index (noun) – an (economic) data figure reflecting something (e.g. price/quantity) compared with a standard or base value; pointer, indicator.
  12. reverse (noun) – setback, upset, failure, misfortune, blow, disappointment, adversity, hardship, affliction.
  13. slide (verb) – fall, descend, decline.
  14. preceding (adjective) – previous, prior, earlier.
  15. 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.
  16. hub (noun) – centre of activity; focal point.
  17. come under (phrasal verb) – be subjected to.
  18. 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.
  19. primary goods (noun) – goods that are available from cultivating raw materials without a manufacturing process.
  20. intermediate goods (noun) – unfinished items/goods that go into the production of other items/goods​. 
  21. capital goods (noun) – capital goods are man-made, durable items that businesses use to produce goods and services. They include tools, buildings, vehicles, machinery, and equipment. Capital goods are also called durable goods, real capital, and economic capital.
  22. consumer durables (noun) – manufactured products/goods (such as TV, fridge, AC, motorbike, car & etc) which last for an extended period of time.
  23. consumer non-durables (noun) – products/goods (such as food, clothing, fuel, etc.) which are produced for immediate use and frequently replaced by the consumer.
  24. month-on-month (adjective) – used to compare data for one month with that in previous months.
  25. contraction (noun) – In economics, it refers to a decline in national output as measured by gross domestic product.
  26. account for (phrasal verb) – constitute, comprise, form, represent.
  27. shrink (verb) – lessen, reduce, decrease.
  28. sequential (adjective) – continuous, consecutive.
  29. draw (verb) – formulate.
  30. year-on-year (adjective) – year over year (for comparison).
  31. establishment (noun) – business, firm, company, enterprise, organization, industry.
  32. marginal (adjective) – minimal, minor, slight, small.
  33. aid (verb) – facilitate, help, assist.
  34. pre-pandemic (noun) – before the pandemic.
  35. reflect (verb) – indicate, show, reveal, exhibit.
  36. rut (noun) – groove, track, trough, ditch, trench, gutter, crack, hollow, hole, cavity.
  37. lag (verb) – delay, fall back, trail, linger, dally.
  38. outlook (noun) – prospects, expectations, hopes, likely improvement, lookout, future.
  39. discretionary (adjective) – optional, voluntary, up to the individual, non-mandatory, non-compulsory.
  40. disconcertingly (adverb) – unsettlingly, disturbingly, worryingly.
  41. household (noun) – family, house.
  42. testify (verb) – give evidence, be a witness, give one’s testimony, attest.
  43. accompany (verb) – occur with, co-occur with, coincide with, coexist with, go with, go along with, appear with.
  44. to be sure (phrase) – certainly, surely; used to highlight something.
  45. lag (noun) – delay.  
  46. likely (adverb) – probably, in all probability, presumably, doubtlessly.
  47. indicator (noun) – measure, signal, sign, gauge, index.
  48. prognosis (noun) – forecast, prediction, projection, estimate.
  49. Purchasing Managers’ Index (PMI) (noun) – Purchasing Managers Index (PMI) is a monthly business survey data provided by IHS Markit. The monthly data are derived from surveys of senior executives at private sector companies. PMI data is used for accurate and timely insight into the health of a particular economy. The PMI data are used by financial and corporate professionals to better understand where economies and markets are headed, and to uncover opportunities.
  50. underline (verb) – underscore, emphasize, highlight.
  51. extent (noun) – degree, scale, level, amount of something.
  52. constrain (verb) – restrict, control, check, restrain.
  53. quarter (noun) – a period of three months (considered as one-fourth of a year).
  54. IHS Markit (noun) – it is a global leader in information, analytics and solutions for the major industries and markets that drive economies worldwide. It partners with clients in business, finance and government to help them see the big picture with unrivaled insights that lead to well-informed, confident decisions.
  55. stagnate (verb) – be sluggish, languish, decline, deteriorate, fall.
  56. contract (verb) – decline, decrease, diminish, reduce.
  57. composite (adjective) – complex, combined.
  58. halve (verb) – reduce by half (50%).
  59. tell-tale (adjective) – revealingsuggestive, indicative.
  60. drought (noun) – shortage, scarcity, deficiency.
  61. accelerate (verb) – speed up, hurry up, step up, hasten, expedite, quicken.
  62. consumer spending (noun) – the acquisition (buying/procuring) of goods and services by individuals or families.
  63. hit (verb) – be affected/impacted by.
  64. depleted (verb) – exhausted, used up, spent.
  65. abiding (adjective) – enduring, lasting, persisting, constant, steadfast.
  66. measure (noun) – action, step, procedure.
  67. drastically (adverb) – substantially, seriously, desperately.
  68. vaccination (noun) – treatment with a vaccine to protect against a particular disease; immunization.

Note:

 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 a 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.

The Hindu Editorial (Renewed uncertainty) – Jun 14, 2021:

The Hindu Editorial (Renewed uncertainty) – Jun 14, 2021
The Hindu Editorial (Renewed uncertainty) – Jun 14, 2021
The Hindu Editorial (Renewed uncertainty) – Jun 14, 2021

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