Q1 2023 had the third-lowest global quarterly M&A deal volume in the last 10 years

(with a global deal volume of $559 billion) … and only Q1 2013 ($502 billion) and early-pandemic Q2 2020 ($442 billion) had lower quarterly deal volumes

Global mergers and acquisitions (M&A) activity shrank to its lowest level in more than a decade in the first quarter of 2023, as rising interest rates, high inflation and fears of a recession soured the appetite of companies for dealmaking.