The Hindu Editorial (Another grim reminder) – Oct 16, 2019

The IMF on Tuesday followed the World Bank in reducing its forecast for India’s economic growth in the current financial year. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Another grim reminder) – Oct 16, 2019.

To read this article, click here.

This preview is provided here with permission.

Courtesy: The Hindu

Today’s word list-1 for The Hindu Editorial (Another grim reminder) – Oct 16, 2019:

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.
forecast (noun) – prediction, indication, projection.
slowdown (noun) – economic decline, recession, slump/depression.
severity (noun) – strength, intensity, power.
slash (verb) – reduce, cut, lower.
magnitude (noun) – importance/significance, distinction, intensity/power.
underscore (verb) – underline, emphasize, highlight.
welter (noun) – confusion, mess, tangle/mishmash.
admission (noun) – acknowledgement, acceptance, declaration.
optimistic (noun) – positive, confident, hopeful.
respondent (noun) – disputant, claimant, complainant.
fiscal (noun) – financial year.
malaise (noun) – trouble, unease, unhappiness/depression.
echo (verb) – signal, indicate, hint.
mandarin (noun) – a powerful officer, civil servant, functionary/bureaucrat.
cyclical (adjective) – recurrent, recurring, happening at regular intervals, regular.
exacerbate (verb) – make worse, worsen, aggravate, compound.
concur with (verb) – permit, consent to, agree to.
pare (verb) – cut off, trim off, reduce, diminish, decrease.
ascribe (verb) – attribute, set down, assign.
downturn (noun) – setback, upset/blow, decline (in business activity).
diagnosis (noun) – identification, recognition, discovery.
overemphasise (verb) – overplay, exaggerate, overstress.
address (verb) – attend to, tackle, deal with.
malady (noun) – serious problem.
enduring (verb) – lasting, remaining for a long time.
flag (verb) – indicate, identify, point out.
undermine (verb) – weaken, spoil, damage.
drag (noun) – hindrance, inconvenience, burden.
vigour (noun) – strength, robustness, high level of activity.
depressing (adjective) – upsetting, distressing, discouraging; causing a damaging reduction in economic activity.
sour/bad loans (noun) – non-performing assets (NPAs), stressed assets/loans; an account where principal and/or interest remains overdue for a period of time.
non-banking financial company (NBFC) (noun) – a company incorporated under the Companies Act 2013 or 1956 which is engaged in the business of loans and advances, acquisition of stocks, equities, debt etc issued by the government or any local authority. The main objective of this type of a company is to accept deposits under any scheme or manner.
broad-based (adjective) – wide-ranging, general.
contagion (noun) – the spreading of a bad and dangerous idea.
infirmity (noun) – weakness, uncertainty, inconstancy.
eurozone (noun) – the European Union (EU) member states which have adopted the euro (€) as their common currency.
spillover (noun) – repercussion, consequence, outcome (unexpected one).
vulnerable (adjective) – relating to a weak/neglected person who is in need of special care/support.
onset (noun) – start, beginning, arrival.
substantially (adverb) – considerably, significantly, largely.
becalmed (adjective) – at a standstill, at a halt, unmoving; stranded/stuck.
consumption demand (noun) – the demand for goods and services by individuals and households in the economy.
heed (verb) – pay attention to, take into account, consider.
laureate (noun) – a person who is honoured with an award for outstanding achievement.
prescription (noun) – (authoritative) recommendation, method, measure.
hinterland (noun) – remote areas of a country away from the coastal areas/the banks of major rivers.
reinvigorate (verb) – revive, bring back; fortify, strengthen.