Current Affairs Global - 8 April 2014

1. Indian American novelist Jhumpa Lahiri-s -Lowland- has been shortlisted for this year-s Baileys Prize, the UK-s only annual book award for fiction written by a woman. Earlier known as the Orange Prize, the winner will be announced on June 4 in London and presented with a cheque for USD 30,000. Earlier, the book was also shortlisted for Man Booker Prize.

The other five shortlisted books are -Americanah- by Chimamanda Ngozi Adichie (Nigeria), -Burial Rites- by Hannah Kent (Australia), -The Undertaking- by Audrey Magee (Ireland), -A Girl is a Half-formed Thing- by Eimear McBride (Ireland) and -The Goldfinch- by Donna Tartt (the US).

2. The International Monetary Fund (IMF) projected that the UK economy will be the fastest-growing among G7 countries in 2014. It has projected UK-s economic growth at 2.9% in 2014 and 2.5% in 2015.

The IMF also projected that the global economy will grow at the rate of 3.6% this year and 3.9% in 2015. World-s largest economy, US economy will grow at 2.8% in 2014 and 3% in 2015.

3. The Bank of Japan decided to maintain aggressive monetary-easing steps to boost the world-s third-largest economy amid years of deflation. The central bank introduced its monetary easing policy one year ago with the aim of achieving 2% inflation within about 2 years.