Romania’s Economy Contracts by 1.7% Y/y in First Quarter
11 Articles
11 Articles
The gross domestic product recorded a decrease of 1.7% on the gross series and 1.5% on the seasonally adjusted series compared to the same quarter of 2025, transmitted on Wednesday INS. The institution revised the results published for previous quarters, as follows: The economists at UBB Cluj estimate that the whole year will be a recessionist. "On the basis of the overlap ...
The data communicated on Wednesday, 13 May, by the National Institute of Statistics (INS) confirms the conclusion of the economic growth cycle in the second quarter of 2025 (the last with non-majorised VAT) and the entry on a recessionary slope since the third quarter of last year, which has now been amplified.The same data shows that the economy not only does not show signs of return, but has accelerated its decline more than "the statistical s…
The data published by the European Statistical Office (Eurostat) show that the gross domestic product increased by 0.8% in the euro area and by 1% in the European Union in the first quarter of 2026, compared to the similar period of 2025, when an advance of 1.3% in the euro area and 1.4% in the EU, Ireland and Romania being the only EU Member States with a decline in the economy, according to Profit.ro. The data show that the Romanian economy re…
It's over with official optimism. Figures don't lie, and reality hits us directly in the pocket. Romania officially enters the recession. INS data confirms a disaster that the Bolojan government tried to ignore: a fall of 1.7% of the economy in the first quarter. After promises of reform and stability, we get the hardest bill. A [...] Source
President PSD, Sorin Grindeanu, had a first reaction on Wednesday, after the National Institute of Statistics (INS) announced that Romania's economy fell in the first three months by 0.2% compared to the previous quarter and by 1.7% compared to 2025.
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