September 2022Welcome to The State of the Deal including the 193rd edition of the Deloitte Queensland Index, a review of Queensland listed companies on the Australian Securities Exchange (ASX), together with an update on Queensland M&A activity during H1 2022.
Amidst growing economic and geopolitical challenges, global equity markets suffered significant losses throughout Q2 2022, as investors sought to price in the rapid pivot in monetary policy globally, as well as the growing threat of a recession.
Similarly, on the back of a record-breaking year for Queensland M&A in 2021, deal activity in Queensland has moderated in H1 2022, broadly mirroring the slowdown witnessed in global deal volumes over the same period. Our M&A update also considers the key highlights from the fifth edition of Deloitte's annual Deal in Focus: Heads of M&A report, which revealed that Australian and New Zealand M&A leaders remain upbeat about their M&A prospects, with more than 8 out of 10 predicting that the number of transactions will increase or stay stable over the next 12 months.
Our quarterly Queensland Economic Update also explores the potential implications to the Queensland economy as a result of rising inflation and tightening monetary policy, including the role that both State and Federal Government’s will play to ease the impact on Queensland businesses and consumers.