The Hindu Editorial (Double trouble) – Dec 25, 2019

Policymakers face a tricky dilemma as prices in the economy continue to rise even as economic growth has plummeted to well under 5%. Food inflation,… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Double trouble) – Dec 25, 2019.

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Today’s word list-1 for The Hindu Editorial (Double trouble) – Dec 25, 2019:

inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
sluggish (adjective) – inactive, dull, slow.
dilemma (noun) – quandary, predicament, difficulty.
plummet (verb) – fall sharply/steeply, go down, drop.
food inflation (noun) – it refers to the condition where by there exist increase in wholesale price index of essential food item (defined as food basket) relative to the general inflation or the consumer price index.
call for (phrasal verb) – require, need, necessitate, make necessary.
reverse (verb) – change, alter, swap.
slowdown (noun) – economic decline, recession, slump/depression.
weigh down (phrasal verb) – trouble, worry/bother, disturb.
precarious (adjective) – uncertain/unsure, insecure, unreliable/risky.
deflation (noun) – decline, setback, reduction of pricing.
spike (noun) – a sharp rise/increase of something.
transient (adjective) – temporary, short-term or impermanent.
phenomenon (noun) – occurrence, event, happening.
countercyclical (adjective) – contrary to the fluctuations in an economic cycle.
have one’s hands tied (down) (phrase) – not able to act freely.
rate cut (noun) – a decision by a central bank (like RBI in India) to reduce its main interest rate to the banks (like SBI, ICICI & etc in India) when these commercial banks get money from the central bank. Once this rate goes down, the banks are in a position to give loans at lower interest rates to individuals and the industry.
spree (noun) – a period of unrestrained/uncontrolled activity.
infuse (verb) – add, impart, introduce.
liquidity (noun) – the availability of liquid assets; liquidity means liquid assets; cash; (liquid asset is an asset which can be easily sold/converted into cash without losing its value); a measure of activity (i.e. the ability to buy or sell easily) in a market.
anomaly (noun) – abnormality, irregularity, oddity.
divergence (noun) – difference, dissimilarity/variance; deviation.
anyone’s guess (phrase) – unable/tough to predict/decide.
in tandem (phrase) – together; alongside each other; at the same time.
debt-fuelled (growth) (adjective) – relating to a growth due to the excessive debt rather than sustainable expansion plans.
boom (noun) – a period of rapid economic growth.
bust (noun) – a period of economic difficulty or depression.
in accordance with (phrase) – in agreement with, in conformity with, in line with.
underlying (adjective) – fundamental, basic, primary.
calibrate (verb) – carefully assess, regulate, adjust.
fiscal (adjective) – financial.
amid (preposition) – in the middle of, surrounded by; during.
tough ask (phrase) – a task which is difficult to fulfil.
rein in (phrasal verb) – restrict, control, restrain.