The Hindu Editorial (Oil’s rout) – Mar 10, 2020

Global markets, already teetering from the impact of the coronavirus, received a jolt over the weekend as Saudi Arabia… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Oil’s rout) – Mar 10, 2020.

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Today’s word list-1 for The Hindu Editorial (Oil’s rout) – Mar 10, 2020

rout (noun) – fiasco, failure; demolition/defeat.
slowdown (noun) – economic decline, recession, slump/depression.
teeter (verb) – stagger, fluctuate, oscillate.
coronavirus (CoV)(noun) – a large family of viruses that cause illness ranging from the common cold to more severe diseases. common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death. (Courtesy: WHO)
jolt (noun) – shock, surprise, bombshell (an unpleasant one).
cartel (noun) – a group of manufacturers/businesses fixing a high price to avoid competition and to make more money.
deepen (verb) – increase, intensify, strengthen.
crash (verb) – (of a price) fall suddenly.
overnight (adverb) – very quickly; instantly.
conjunction (noun) – concurrence, coincidence, coexistence.
slash (verb) – reduce, lower, cut (a price) greatly.
supply shock (noun) – a sudden and unexpected change in a cost variable, such as oil prices, commodity prices & etc. An unexpected event that suddenly increases or decreases the supply of a commodity or service and as a result changes its price suddenly.
outbreak (noun) – sudden appearance/occurrence (of a disease); outburst, epidemic.
COVID-19 (noun) – coronovirus disease 2019.
depress (verb) – reduce, lower, decrease.
inopportune (adjective) – inappropriate, inconvenient, unfavourable, disadvantageous.
downside (noun) – drawback, disadvantage, stumbling block/negative.
floor (noun) – a minimum level of prices.
shale (noun) – shale is a fine-grained sedimentary rock in which natural gas is trapped underground. shale oil refers to hydrocarbons that are trapped in formations of shale rock.
shale industry (noun) – an industry of mining and processing of oil shale.
leverage (verb) – use, make use of, utilize (to maximum gain).
set off (phrasal verb) – give rise to, cause, trigger, bring about.
default (noun) – non-payment, failure to pay.
bond market (noun) – debt market; the market where debt instruments (like bonds (government or corporate) and mortgages) are traded.
virtuous cycle/spiral (noun) – when the economy is in a virtuous cycle, investment, productivity growth, job creation, demand and exports feed into (or beneficial/positive effect on) each other and enable animal spirits in the economy to thrive/grow. (animal spirits refers to the emotions and instincts that guide the behaviour of investors and consumers).
non-virtuous or vicious cycle/spiral (noun) – when the economy is in a non-virtuous or vicious cycle, investment, productivity growth, job creation, demand and exports have an negative effect/aggravate/make worse each other and disable animal spirits in the economy to decline.
stock market (noun) – equity market, share market, a stock exchange. It is where traders buy and sell shares of companies on a public exchange.
turmoil (noun) – disorder, turbulence, confusion, trouble, chaos.
volatile (adjective) – unpredictable, changeable, variable, inconstant.
murkier comparative adjective of murky (adjective) – questionable, suspicious, dubious,/mysterious.
dip (noun) – decrease, fall, drop, reduction.
merchandise (noun) – goods, commodities, produce.
freeze (noun) – suspension; hold, fixed (at a specific level).
current account deficit (noun) – The amount by which money relating to trade, investment etc going out of a country is more than the amount coming in.
drag down (phrasal verb) – bring to a lower level; decrease, get worse.
headline inflation (noun) – it is a measure of the total inflation within an economy, including commodities such as food and energy prices (e.g., oil and gas).
core inflation (noun) – it is a measure of the total inflation within an economy, excluding commodities such as food and energy prices (which change frequently).
elbow room (noun) – scope, freedom, leeway, margin.
disinvestment (noun) – the process of reducing capital investments.
run into (phrasal verb) – experience, encounter, meet with.
headwinds (noun) – (in business) situations or conditions that make growth harder/difficult. Whereas tailwinds describe a situation or condition that will move growth, revenues, or profits higher.
shy away from (phrasal verb) – avoid, recoil, withdraw nervously (due to fear/surprise/pain).
eventuality (noun) – event, incident, occurrence/outcome.
slice (noun) – share, part, percentage, portion.
windfall (noun) – a large amount of money received unexpectedly; jackpot, bonanza, unexpected gain.
unlikely (adjective) – questionable, unconvincing; doubtful, unexpected.
go down well (phrase) – to be well-received; to be well-accepted.