Romania enters technical recession

Business Forum

13 February, 2026 at 10:30 AM

Romania's economy grew by 0.6% in 2025 but ended the year in a technical recession. According to flash data released on Friday by the National Institute of Statistics (INS), GDP fell by 1.9% in Q4 compared to Q3 2025, marking the second consecutive period of decline.

During Q3, the economy recorded a 0.2% contraction compared to the previous quarter.

On a seasonally adjusted basis, GDP decreased by 1.9% in Q4 2025 compared to the preceding quarter. When compared to the same period in 2024, GDP fell by 1.6%.

The INS said: ''As a result of the revision of the quarterly raw GDP series to include the estimate for the fourth quarter of 2025, the seasonally adjusted series has been recalculated. (...) Consequently, Q1 2025 results compared to Q4 2024 were revised from 100.1% to 99.4%; Q2 2025 results compared to Q1 2025 were revised from 101.1% to 101.0%; and Q3 2025 results compared to Q2 2025 were revised from 99.8% to 99.9%. Seasonally adjusted series are recalculated quarterly in accordance with European practice.''

On an unadjusted basis, Q4 2025 saw a marginal increase of 0.1% compared to the same quarter in 2024. For the full year 2025, GDP increased by 0.6% relative to 2024.

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