The Shape of the Downturn and Its Effect on M&A

View this page in: Français

Following the curve

There is a lot of noise about whether we are in a V-curve (short term), U-curve (medium term) or L-curve (long term) economic downturn. While nobody knows for certain what will happen next in the markets, there is a lot at stake – and not just for investors and creditors.

The following article, written by PwC partner Russell Goodman, discusses the possible length of the economic downturn and the effect it will have on corporate mergers and acquisitions. It was originally published in the February 2009 issue of Lexpert magazine and is reprinted here with permission.