Global dealmaking fell to its lowest level since the coronavirus pandemic as surging inflation, stricter regulation, and the war in Ukraine led to a slowdown in what had been a record period of mergers and acquisitions, reported The Financial Times.
According to Refinitiv data, just over $1 trillion worth of deals were struck in the first quarter of 2022, 23% lower than the same period last year, with all continents facing a decline in M&A activity.
