The annual real GDP growth forecasts for 2024 have been revised upward in several major economies. These economies include Canada, the eurozone, Japan and Russia. S&P Global Market Intelligence's annual global real GDP growth forecast for this year is stable at 2.6% in April's forecast round, reflecting rounding effects and unchanged forecasts for the US and China. While our global growth forecasts for 2024 and 2025 remain somewhat higher than market consensus expectations, various headwinds are expected to prevent sequential growth rates from reaching the heights of prior expansions. Global real GDP growth on a quarter-over-quarter basis is forecast to pick up from 0.5% during the second half of 2023 to an average of 0.7% over the four quarters of 2024. Global growth rates have typically peaked at over 1% quarter over quarter during prior expansions.