The Hindu Editorial (The worst may be over) – Oct 02, 2019

The latest set of economic numbers released this week sends across mixed signals about the health of the economy. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (The worst may be over) – Oct 02, 2019.

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Courtesy: The Hindu

Today’s word list-1 for The Hindu Editorial (The worst may be over) – Oct 02, 2019:

turnaround (noun) – an unexpected change.
some distance (phrase) – not a short way.
territory (noun) – domain, area of concern, area of interest; field.
index (noun) – measure; guide, indication.
shrink (verb) – lessen, reduce, decrease.
contract (verb) – decline, decrease, reduce.
dismal (adjective) – bad, poor, awful/terrible.
revival (noun) – improvement, re-establishment; restoration/comeback.
spur (verb) – stimulate, prompt, encourage/motivate.
contraction (noun) – decline, decrease, reduction.
slow down (phrasal verb) – reduce, lessen growth.
rebound (noun) – recovery.
macroeconomic (adjective) – relating to the branch of economics concerned with large-scale factors (interest rates/national productivity).
indicator (noun) – measure, index, gauge.
tie the hands of (phrase) – to prevent one from behaving/acting in a certain way.
slowdown (noun) – economic decline, recession, slump/depression.
in line with (phrase) – in alignment with, in accordance with.
fiscal deficit (noun) – the difference between total expenditure and total income of the government.
current account deficit (CAD) (noun) – the amount by which money relating to trade, investment etc going out of a country is more than the amount coming in.
stimulus (noun) – impetus, boost, fillip/incentive.
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.
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.
fiscal (adjective) – financial.
animal spirits (plural noun) – this is a term that refers to the emotions and instincts that guide the behaviour of investors and consumers in a market economy. It was coined by British economist John Maynard Keynes to explain the persistence of economic fluctuations under capitalism. Keynes argued that investment and consumption are often based on how people feel about the overall economy rather than on unbiased, rational analysis of facts. (Courtesy: The Hindu).
trajectory (noun) – course, route, path.