New Growth on the Horizon

The U.S. business sector came into 2025 looking forward to a resurgence of merger-and-acquisition activity, based on their collective expectations about inflation, interest rates and the new presidential administration, according to highlights from a new report from PwC.

Contrary to those expectations, the administration has pursued aggressive policies with respect to trade and tariffs. So far, at least, this has not resulted in an M&A slowdown, as both deal volume and total dollar value are comparable, year-over-year.

Still, a May survey by PwC found that roughly one-third of respondents were pausing or revisiting deals, leading the Big Four accounting firm to conclude in its US Deals 2025 Midyear Outlook, “We believe an upswing is still possible, but it’s unlikely without more policy clarity and stability.”   ...more

RSK: I quick inside look at what may happen for certain CRE sectors...a few bright spots and a few burn outs.