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Welcome to Online English Section with explanation in AffairsCloud.com. Here we are providing some difficult words from editorials , which is important and very helpful for IBPS PO/CLERK/LIC AAO/RRB & SSC CGL EXAM and other exams !!!
The Hindu: A risky recovery — on IMF’s global growth predictions
A broad-based recovery in global growth may be gathering steam, but the price the world will have to pay for it is still unknown. According to the IMF’s January update of the World Economic Outlook, the global economy is all set to clock its best growth rate in seven years in 2018 following a pick-up since mid-2016. The IMF estimated that the global economy could accelerate to 3.9% in both 2018 and 2019, an upward revision of 0.2 percentage point over its previous estimates in October for both years, boosted by a cyclical recovery in global growth and the historic tax cuts in the U.S. India’s economy is projected to grow at 7.4% during the financial year 2019, and at an even faster pace of 7.8% the following year. If the IMF’s predictions come true, India will be the fastest-growing major economy next year as China’s growth is expected to slow from 6.6% this year to 6.4% in 2019. What comes as a further surprise is the upward revision in growth forecasts for many countries in Europe, thanks to stronger demand. The IMF, however, was not oblivious to the threats that could severely derail the broad-based economic recovery. In particular, it warned about the “troubling” rise in debt levels across countries, including the U.S., which could pose a huge risk to financial stability and drag down economic growth.
It is no secret that since the 2008 financial crisis the global economy has been propped up mainly by the unprecedented easy money policies adopted by global central banks. In fact, the absence of substantial structural reforms to complement central bank stimulus measures has been another feature of the present global economic recovery. Such a recovery comes with the inherent risk of being derailed whenever easy monetary conditions that fuelled it cease to exist. While central banks until now have been careful not to spook markets with the prospect of higher interest rates, it is unlikely that they can keep markets calm forever. As the IMF has pointed out, the possible end to the era of abundant liquidity and debt-fuelled economic activity is likely to cause disruption by affecting asset prices. As interest rates reach higher levels, it is likely to also expose the various real economic distortions created by a low interest rate policy, particularly across borders. While it is hard to predict the next downturn, it seems the day of reckoning may not be too far as consumer price inflation begins to push central banks to rethink their dovish stance. The IMF is right to urge countries to make use of the current rosy conditions to enact useful structural reforms. It is time countries recognise that monetary policy alone won’t solve all growth problems.
1.Accelerate(verb) : में तेजी लाने के
Meaning : increase in rate, amount, or extent.
Synonyms : increase, rise, go up, advance, leap, surge, speed up, escalate, spiral, get worse.
Antonyms : decelerate, defer, hinder, impede, postpone, retard, slow down.
Usage : inflation started to accelerate.
2.Oblivious(adjective) : बेख़बर
Meaning : not aware of or concerned about what is happening around one.
Synonyms : unaware, unconscious, heedless, unmindful, insensible, unheeding, ignorant, blind, deaf, unsuspecting, unobservant, disregardful, unconcerned, impervious, unaffected, insensitive, indifferent, detached, removed; rareincognizant.
Antonyms : aware, concerned, conscious, mindful, sensitive, understanding.
Usage : she became absorbed, oblivious to the passage of time.
3.Derail(verb) : पटरी से उतर
Meaning :cause (a train or tram) to leave its tracks accidentally.
Synonyms : crash, deflect, hinder, thwart, wreck.
Antonyms : incite, persuade, talk into.
Usage : a train was derailed after it collided with a herd of cattle.
4.Propped up(phrasal verb) : संभालना
Meaning : to support, or prevent from falling, with or as if with a prop (often followed by up): to prop an old fence; to prop up an unpopular government.
5.Inherent(adjective) : निहित
Meaning : existing in something as a permanent, essential, or characteristic attribute.
Synonyms : intrinsic, innate, immanent, built-in, inborn, ingrained, deep-rooted; essential, fundamental, basic, implicit, structural, characteristic, organic; inseparable, permanent, indelible, ineradicable, ineffaceable, inexpungible; natural, instinctive, instinctual, congenital, native; rareconnate, connatural.
Antonyms : acquired, added, external, extrinsic, incidental, learned.
Usage : any form of mountaineering has its inherent dangers.
6.Spook(noun) : भूत
Meaning : a ghost and frighten; unnerve.
Synonyms : alarm, curdle the blood, discomfort, horrify, make one’s blood run cold, make one’s teeth chatter, panic, petrify, scare away, scare stiff, scare the pants off of, scare to death, startle, strike terror into, terrify, unnerve.
Antonyms : abandon, desert, leave, withdraw.
7.Abundant(adjective) : प्रचुर
Meaning : existing or available in large quantities; plentiful.
Synonyms : plentiful, copious, ample, profuse, rich, lavish, liberal, generous, bountiful, large, huge, great, bumper, overflowing, superabundant, infinite, inexhaustible, opulent, prolific, teeming; in plenty, in abundance; informala gogo, galore; informallank; literarybounteous, plenteous.
Antonyms : lacking, rare, scarce, sparse.
Usage : there was abundant evidence to support the theory.
8.Disruption(noun) : विघटन
Meaning : disturbance or problems which interrupt an event, activity, or process.
Synonyms : disturbance, disordering, disarrangement, disarranging, interference, upset, upsetting, unsettling, confusion, confusing; disorderliness, disorganization, turmoil, disarray; interruption, suspension, discontinuation, stoppage; obstruction, impeding, hampering, spoiling, ruining, wrecking, undermining; holding up, delaying, delay, retardation.
Antonyms : mental health.
Usage : the scheme was planned to minimize disruption.
9.Distortions(noun) : विकृतियों
Meaning : the action of distorting or the state of being distorted.
Synonyms : warp, twist, contortion, bend, buckle, deformation, deformity, curve, curvature, malformation, disfigurement, crookedness; gnarl, knot.
Antonyms : beauty,clarity,perfection.
Usage : strain on the muscles of the eye leading to a distortion in shape or structure.
10.Downturn (Noun) : मोड़
Meaning : a decline in economic, business, or other activity.
Synonyms : decline, descent, deterioration, dip, downtick, fall, plunge, retreat, sinking, slide, slump.
Antonyms : betterment, improvement, increase, rise.
Usage : a downturn in the housing market.
