technical recession

Romania's Gross Domestic Product (GDP) stagnated in the second quarter of 2026 compared to the first three months of the year, but recorded a decrease of 1.9% compared to the same period in 2025, according to provisional data published by the National Institute of Statistics (INS).

Prime Minister Ilie Bolojan says Romania’s technical recession is temporary, and after the impact of austerity measures fades in the coming months, the second half of the year should bring stability and create the basis for economic growth.