World Bank Crop Global GDP

Washington - World Bank for reducing thin projection of economic growth (GDP), the global and the U.S. in 2011.

This action was carried out after seeing the global growth of 3.2% and USA 2.6%, down from estimates in January of their respective 3.3% and 2.8%.

The World Bank also expects growth in Japan is only 0.1% this year followed by 2.6% next year, compared with an estimated growth of 1.8% pragempa in 2011 and 2% in 2012.

"The earthquake and tsunami in Japan as well as political turmoil in the Middle East and North Africa have contributed to the modest slowdown in global industrial production and trade," World Bank said in a report two times per year.

Both monetary and fiscal policy in developing countries may need to be tightened more quickly to reduce the pressure, while concerns about fiscal sustainability in high-income countries still persist.