According to Consensus Economics, global GDP grew by 2.9% during 2011 compared with 4.3% in 2010. GDP in the EU grew by 1.6% (1.9%), in the US by 1.7% (3.0%). Japan's GDP fell by 0.9% after having risen by 4.5% in 2010. Growth in countries such as Brazil, India and China was dampened compared to the high levels of 2010. For 2012, global GDP is expected to grow by 2.6%. The fast-growing economies primarily in Asia and Latin America continue to be the primary growth engines.