Goldman Sachs Group Inc’s top dealmakers are bullish on a recovery in global mergers & acquisitions (M&A) in the second half of 2023 despite a slowdown in economic growth and a weak credit market.
As economic forecasts turn gloomier, executives at the Wall Street powerhouse – including Dan Dees and Jim Esposito, who jointly run its global banking and markets division – said they are primed for a recovery when financing markets ease up, potentially as early as the second half of 2023.