The Hindu Editorial (Time to act) – Dec 02, 2019

The latest estimates on economic output and growth, while not a surprise, reaffirm the fact that the ongoing six-quarter slump is still in search of a bottom. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Time to act) – Dec 02, 2019.

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Today’s word list-2 for The Hindu Editorial (Time to act) – Dec 02, 2019:

spur (verb) – stimulate, encourage, motivate.
slump (noun) – economic decline, drop/depression, recession/slow down.
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.
strip out (phrasal verb) – to remove particular costs.
private consumption or consumption expenditure (noun) – the spending by households (consumers) on goods and services, excluding new housing.
anaemic (adjective) – feeble, weak, poor.
stagnation (noun) – a state or period of inactivity; lack of growth/development.
far from (phrase) – not, not at all, nowhere near.
mainstay (noun) – central component, centrepiece, chief support, backbone.
traction (noun) – the quality of being attractive; an idea which gains popularity or acceptance.
outgo (noun) – outlay, spending (of money).
preceding (adjective) – previous, prior, earlier.
sustainability (noun) – maintainability of something at a certain rate/level.
uptick (noun) – a small increase.
moot (adjective) – debatable, arguable, questionable.
pointer (noun) – indication, hint, signal.
tepid (adjective) – unenthusiastic, uninterested, lukewarm.
room (noun) – scope, opportunity, chance.
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.
fiscal (adjective) – financial.
nudge (verb) – encourage, prompt, stimulate.
underwhelming (adjective) – unsatisfactory, not exciting, disappointing.
shrank past of shrink (verb) – lessen, reduce, decrease.
point to (verb) – indicate, suggest, signal/signify.
drought (noun) – lack, non-existence, unavailability, deficiency.
contract (verb) – decrease, diminish, reduce.
belie (verb) – misrepresent, falsify, contradict.
revive (verb) – renew, reintroduce, strengthen.
contraction (noun) – decline, decrease, reduction.
it is high time (phrase) – it is past the time when something should have been done/happened.
helm (verb) – steer, lead, navigate.
put aside (phrasal verb) – disregard/forget, set aside, ignore.
bravado (noun) – boldness, bold manner, bombast/daredevil.
bluster (noun) – threats, domineering, aggressive talk (with little effect).