Global M&A volumes and values declined during the first half of 2023 (H1'23) by 4% and 12%, respectively, from already subdued levels in the second half of 2022 (H2'22), said a study.

When compared to the first half of 2022, the declines were 9% and 39%, respectively, said Global M&A Industry Trends: 2023 Mid-Year Update by PwC.

However, PwC expects dealmakin