高盛：2026年全球并购市场展望报告宏图致远构筑未来报告（英文版）

Volatility never dissipates entirely, but it becomes navigable with improved clarity. After markets digested the initial shock of US tariff announcements and reciprocal measures in Q2, M&A activity sharply accelerated as central banks cut rates, policy uncertainty moderated, valuations normalized, and markets recalibrated. CEO sentiment has strengthened in turn, fueling an environment increasingly defined by “dream deals” as industry leaders look to acquire new capabilities that sup