The Hindu Editorial Vocabulary 24th October 2024

The Hindu Editorial Vocabulary 24th October 2024 is an effective tool for regularly learning new words and their contextual meanings. Candidates can utilize this free resource daily to improve their vocabulary knowledge, especially those preparing for government exams like the IBPS PO, SBI Clerk, SSC, and Others.

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Growth prescription: On the latest World Economic Outlook

The IMF’s ‘mediocre’ (average, not very good) medium-term outlook merits policy attention.
The latest World Economic Outlook released by the International Monetary Fund (IMF) has some good tidings (good news), and some ominous (threatening) assessments. The good news — that largely pertains (relates) to the short term — is that a much-feared global recession has been averted (prevented), the global war against inflation ‘almost’ won, and growth is holding steady. The U.S. is likely to grow faster this year than anticipated (expected) earlier, balancing out lower estimates for some large European nations. Among developing countries, the IMF downgraded (reduced) growth hopes for West Asia, sub-Saharan Africa, and Central Asia as conflicts and unrest disrupt production and shipping. However, brighter prospects (possibilities) for emerging Asia, enhanced (improved) by higher public investments in China and India, offset (counterbalance) those downward pressures. The IMF expects the world to grow 3.2% in 2024, as in 2023. The moderation (slowing down) in inflation has been partly attributed (explained) to the unwinding (reversing) of shocks since the COVID-19 pandemic and the Ukraine war, but tight monetary policies played a crucial (important) role too, it noted. With inflation returning near central banks’ targets, there is now room for pivoting (changing direction) monetary policy to a neutral stance and supporting economic activity. Yet, the IMF has cautioned (warned) about food price pressures again in some emerging economies, and services inflation being too high, at almost double the pre-pandemic levels.

For India, the IMF has maintained its GDP growth estimate at 7% for 2024-25, followed by 6.5% next year, but linked the moderation (slowing down) in growth from last year to the exhaustion (wearing out) of “pent-up” (accumulated) demand accumulated during the pandemic. Some of this is visible in car and consumer non-durable sales, with urban demand stumbling (faltering). A Reserve Bank of India index pegs second-quarter GDP growth at 6.8% — it was 6.7% in the first. The favourable (beneficial) monsoon and improved rural incomes could lift the tide in coming months, but may not be taken for granted yet. Of concern, however, is the IMF’s prognosis (forecast) that global growth should reach a “mediocre” (average, not impressive) 3.1% in five years, underwhelming (disappointing) relative to pre-COVID trends, with protectionist (favoring restrictions on trade) industrial and trade policies gaining more traction (support). India’s economy may hinge (depend) more on domestic momentum but weaker exports and investment flows will not help. The Centre’s recent averments (claims) on the reform agenda have signaled that most work now needs to be done in the States. While that is a truism (self-evident truth), central policymakers also need to work doubly hard to lift potential growth: be it to make India a more open economy by lowering import tariffs and FDI barriers as the World Bank has mooted (suggested), as well as undertake “ambitious” domestic reforms to improve competition, economic integration and spur (encourage) private investments, suggested by the IMF.

Hindu Vocab Wordlist 24th October 2024

Upskill yourself and enhance your vocabulary knowledge. Candidates should begin learning new words daily with Hindu Editorial Vocabulary on 24th October 2024.

1. Ominous: Suggesting that something unpleasant is likely to happen.
2. Pertains: To relate to or have a connection with something.
3. Averted: To prevent something bad from happening.
4. Anticipated: Expected or predicted.
5. Downgraded: To reduce someone or something to a lower rank or position.
6. Offset: To balance one influence against an opposing influence.
7. Attributed: To say or believe that something is the result of a particular thing.
8. Unwinding: The process of undoing or reversing something.
9. Crucial: Extremely important or necessary.
10. Pivoting: To turn or change direction.

Hindu Vocab Master 24th October 2024 with Synonyms & Antonyms

Here are the synonyms and antonyms of all the difficult words in Hindu Vocab Master for 24th October 2024:

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