The value of global deals fell below $3 trillion

The value of deals fell globally during 2023 below the levels of $3 trillion for the first time since 2013. This decline was caused by a combination of high interest rates and escalating geopolitical tensions, as deal makers found themselves forced to deal with multiple fronts and at several levels, according to the Eastern News Agency. Middle East, Friday. Data from the London Stock Exchange Group revealed that the total value of deals concluded this year amounted to $2.9 trillion, which represents a decline of about 17% from 2022 levels. This is the first time since the global financial crisis that the value of deals has declined by more than 10% over two years. respectively. The largest decline came from Europe, which witnessed an annual decline of 28%, while deals fell by 25% in the Asia Pacific region, and by about 6% in America.