While U.S. M&A activity in the first quarter of 2022 declined from near-record levels of a year ago, ongoing near-term interest in acquisitions could well be sufficient to muscle aside concerns over inflation, ongoing labor and supply chain issues, and the prospect of higher interest rates.
U.S. economic activity declined sharply in March, and with new cases of COVID-19 still accelerating and the vast majority of the U.S. population under shelter-at-home directives, the true impact of the crisis will be felt in the second quarter.