ದಿ ಹಿಂದೂ ಸಂಪಾದಕೀಯ “Growth prescription: On the latest World Economic Outlook”   ಬಳಸಲಾದ Idioms and Phrases 

ದಿ ಹಿಂದೂ ಸಂಪಾದಕೀಯ “Growth prescription: On the latest World Economic Outlook”   ಬಳಸಲಾದ Idioms and Phrases 

The IMF’s latest World Economic Outlook (WEO), released earlier this week, has some good tidings to offer for 2024, such as the fact that a much-feared global recession has been averted. The report notes that while inflation is moderating, largely due to the unwinding of shocks from the COVID-19 pandemic, there remain several ominous assessments about the trajectory of global economic growth. With global growth projected at 3% for this year and next, the recovery continues to be underwhelming compared to pre-COVID trends.

The IMF also warns that global growth will hinge more on domestic demand rather than international trade, with protectionist measures gaining more traction across several economies. The report emphasizes that potential growth can be lifted, but it would require policymakers to work doubly hard on structural reforms and sustainable development initiatives. In the Indian context, the IMF expects growth to be driven by improved rural incomes, which could lift the tide for the broader economy. However, the IMF cautions that this growth momentum cannot be taken for granted given the uncertainties related to global financial markets, geopolitical risks, and climate change impacts.

 1. Good tidings

• Meaning: Positive news or developments.
• Example: "The World Economic Outlook has some good tidings, such as the averting of a global recession."

2.  Ominous assessments

• Meaning: Predictions or evaluations that indicate potential danger or problems.
• Example: "Despite the good tidings, the report also carries ominous assessments about long-term growth."

3.  Averted

• Meaning: Prevented from happening.
• Example: "A much-feared global recession has been averted due to strong monetary policies."

4.  Unwinding of shocks

• Meaning: The gradual reversal or easing of sudden disruptions.
• Example: "The moderation in inflation has been partly attributed to the unwinding of shocks since the COVID-19 pandemic."

5.  Lift the tide

• Meaning: To improve a situation or bring positive change.
• Example: "Improved rural incomes could lift the tide in the coming months for India’s economy."

6.  Take for granted

• Meaning: To assume something will happen or continue without effort or question.
• Example: "The potential for economic recovery cannot be taken for granted given global uncertainties."

7.  Underwhelming

• Meaning: Not meeting expectations or being less impressive than anticipated.
• Example: "Global growth is projected to reach a mediocre 3.1% in five years, which is underwhelming compared to pre-COVID trends."

8.  Gaining more traction

• Meaning: Becoming more accepted or influential.
• Example: "Protectionist trade policies are gaining more traction globally, affecting economic growth."

9.  Hinge more on

• Meaning: To depend more on a particular factor or condition.
• Example: "India’s economic growth will hinge more on domestic momentum than exports."

10.  Work doubly hard

• Meaning: To put in twice the effort or make a stronger commitment.
• Example: "Central policymakers need to work doubly hard to lift potential growth through reforms."