The Hindu Editorial Vocabulary 22nd April 2024

It’s important to learn new words to improve communication skills to create a positive impact on communicating in your surroundings. Aspirants targeting government exams should boost their vocabulary knowledge. We have compiled contextual meanings of difficult words in the Hindu Editorial Vocabulary 22nd April 2024.

The Hindu Editorial Vocab On Sobering Assessment, IMF Forecast

The richer nations must show more support for the poorest countries

The global economy has avoided the spectre of a debilitating (making someone or something physically weak) recession, with the IMF last week raising its forecast for worldwide aggregate growth in 2024 to 3.2%, from the 2.9% it had projected in October. The IMF has underlined the fact that the global economy has, with surprising resilience, ridden out several adverse (having a negative or harmful effect on something) shocks as well as ‘significant central bank interest rate increases aimed at restoring price stability’ and sustained the growth momentum (the force that keeps an object moving), largely on the back of advanced economies led by the U.S. undergirding demand. However, the Fund has also pointed to a growing gulf between the economic north and south by observing: “A troubling development is the widening divergence (the situation in which two things become different) between many low-income developing countries and the rest of the world. For these economies, growth is revised downward, whereas inflation (a general, continuous increase in prices) is revised up.” These poorest countries, in Africa and including some Latin American, Pacific island and Asian nations, had also suffered the most scarring from the COVID-19 pandemic in terms of estimated drop in output relative to pre-pandemic projections, and were struggling to recover. To compound their woes, these economies were now saddled with a mounting (gradually increasing) debt service burden that was severely impairing their ability to spend on vitally needed public goods including better education, health care and social nets to improve food security.

The IMF’s twin development lender, the World Bank, has, in a separate report, pointed out that for the first time in this century, half of the world’s 75 poorest countries were experiencing a widening income gap with the wealthiest economies, marking a “historic reversal” of development. As the World Bank Group’s Chief Economist Indermit Gill observed in a blog post on the lender’s site, “[the 75 poorest countries] are home to a quarter of humanity — 1.9 billion people… and are home to 90% of people facing hunger or malnutrition” (physical weakness and bad health caused by having too little food, or too little of the types of food necessary for good health). More distressingly, while these countries were midway through what he termed, potentially ‘a lost decade’, Mr. Gill averred that the rest of the world was “largely averting its gaze” even as the governments in at least half these nations were mostly paralysed by debt distress. Citing the examples of South Korea, China and India as countries that had transitioned (a change from one form or type to another, or the process by which this happens)from being borrowers of low-interest loans from the World Bank’s International Development Association into economic powerhouses that were today IDA donors, the Bank’s chief economist stressed it was imperative (extremely important or urgent) that the world’s richer countries financially support the poorest nations. Given that the world needs to tap every reserve of economic potential (possible when the necessary conditions exist) to achieve universal peace and prosperity (the state of being successful and having a lot of money), it can ill afford to turn its back on a quarter of its people.

The Hindu Editorial Vocabulary Wordlist 22nd April 2024

Improve your word power with Hindu Vocabulary to know the meanings of difficult words. We provided a list of words in the Hindu Editorial Vocabulary 22nd April 2024.

• Debilitating: Making someone or something physically weak.
• Adverse: Having a negative or harmful effect on something.
• Momentum: The force that keeps an object moving.
• Divergence: The situation in which two things become different.
• Inflation: A general, continuous increase in prices.
• Mounting: Gradually Increasing.
• Malnutrition: Physical weakness and bad health caused by having too little food, or too little of the types of food necessary for good health.
• Transitioned: A change from one form or type to another, or the process by which this happens.
• Imperative: Extremely important or urgent.
• Potential: Possible when the necessary conditions exist.
• Prosperity: The state of being successful and having a lot of money.

The Hindu Vocab Master 22nd April with Synonyms & Antonyms

Know synonyms and antonyms of difficult words in Hindu Vocab Master prepared on 22nd April 2024.