The Hindu Editorial (Twin troubles) – Dec 14, 2019

Economic data released by the government on Thursday suggest that India may be stepping even closer to stagflation. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Twin troubles)- Dec 14, 2019.

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Courtesy: The Hindu

Today’s word list-2 for The Hindu Editorial (Twin troubles) – Dec 14, 2019:

inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
root cause (noun) – the basic reason of something.
stagflation (noun) – decline, downturn, slowdown.
index (noun) – measure; guide, indication.
contract (verb) – decrease, diminish, reduce.
shrank past of shrink (verb) – lessen, reduce, decrease.
headline (retail) 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).
fuel (verb) – stimulate, encourage, intensify.
(upper) band (noun) – upper limit/range (a value-setting method).
downturn (noun) – setback, upset/blow, decline (in business activity).
raise its ugly head (phrase) – an unpleasant/undesirable thing hidden till date, becomes as a problem that people have to deal with.
unlikely (adjective) – questionable, unconvincing; doubtful, unexpected.
slowdown (noun) – economic decline, recession, slump/depression.
hold back (phrasal verb) – prevent, block, thwart/retrain.
benchmark interest rate (noun) – base interest rate; reference interest rate; basis/guideline (interest rate).
so far (phrase) – until now, up to the present, up to this point.
merely (adverb) – only, simply, just.
cyclical (adjective) – recurrent, recurring, happening at regular intervals, regular.
sooner (rather) than later (phrase) – soon, immediately, without delay.
fall short (of) (phrase) – be deficient/inadequate/insufficient; fail to meet/reach.
come up with (phrasal verb) – produce, propose/put forward, submit/recommend.
attribute (verb) – connect with, associate with, hold responsible for.
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.
slide (noun) – fall, drop, decline.
lie in (phrasal verb) – be present, be contained, exist.
add to (verb) – increase, aggravate, worsen/deepen.
stoke (verb) – incite, encourage, fuel.