The Hindu Editorial (From bad to worse) – Nov 02, 2019

Hopes of a quick turnaround in the economy have turned out to be quite premature in
light of the latest set of economic data released on Friday. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (From bad to worse) – Nov 02, 2019.

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Today’s word list-1 for The Hindu Editorial (From bad to worse) – Nov 02, 2019:

contraction (noun) – decline, decrease, reduction.
turnaround (noun) – an unexpected change.
in light of (phrase) – considering, taking into account, bearing in mind.
contract (verb) – decline, decrease, reduce.
shrink (verb) – lessen, reduce, decrease.
stark (adjective) – clear, distinct, evident.
gloomy (adjective) – dismal, disappointing, unfavourable, hopeless.
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.
it is worth noting that (phrase) – here’s something you should pay attention to.
nascent (adjective) – just beginning, developing, burgeoning.
revival (noun) – improvement, re-establishment; restoration/comeback.
mire (verb) – entangle, mix up, involve, bog down.
slump (noun) – economic decline, drop, recession.
slowdown (noun) – economic decline, recession, slump/depression.
in the midst of (phrase) – in the middle of.
spree (noun) – overindulgence, unrestrained act/session.
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.
amount to (verb) – add up to, come to, equal to.
basis point (BPS) (noun) – a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument. One basis point is equivalent to 0.01% (1/100th of a percent) or 0.0001 in decimal form.
uptick (noun) – a small increase.
consumer durables (noun) – manufactured products/goods (such as TV, fridge, AC, motorbike, car & etc) which last for an extended period of time.
sustain (verb) – continue/maintain, carry on, keep going.
unenviable (adjective) – difficult, undesirable, unpleasant.
fiscal freedom/leeway (noun) – a composite measure of the burden of taxes that reflects both marginal tax rates and the overall level of taxation, including direct and indirect taxes imposed by all levels of government, as a percentage of gross domestic product (GDP).
with time (phrase) – happening or changing gradually; after a period of time
address (verb) – attend to, tackle, deal with.
reluctance (noun) – unwillingness, disinclination, hesitation.
heady (adjective) – exciting, thrilling, stimulating.
any time soon (phrase) – in the (very) near future.