TOKYO -- Global deal values are expected to suffer two straight years of double-digit falls through next year, as the protracted U.S.-China trade war sparks recession fears, according to an annual deal report released on Monday.
The value of global mergers and acquisitions is expected to fall 15% this year, followed by a drop of 26% next year, according to the Global Transactions Forecast released by Baker McKenzie, one of the world's largest law firms.
