Executive Summary

Deal makers are cautiously optimistic about the outlook for their business in 2019, as even modest growth would still equate to another record year.

There are reasons to be cautious, however: the macroeconomic environment has shifted with signs of a possible recession appearing and trade wars threatening global commerce.


Between November 2018 and January 2019, Greenwich Associates interviewed 470 M&A and capital markets professionals and business executives in 53 countries across Europe, the Americas and Asia-Pacific.

The aggregated results provide a broad and deep quantitative assessment of the prospects for M&A-related and capital markets activity in the year ahead across all major sectors and geographies.