Goldman Sachs dealmakers see M&A recovery in second half of 2023

Goldman Sachs dealmakers see M&A recovery in second half of 2023

A Goldman Sachs sign is seen above the floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York January 24, 2014. REUTERS/Lucas Jackson/File Photo

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.

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