BNR: Economia României se va redresa mai modest în trimestrele II şi III din 2026 decât se estima anterior

The National Bank of Romania anticipates a modest economic recovery in Q2 and Q3 of 2026, with a slower reduction in aggregate demand deficit than previously expected. Economic activity stagnated in Q1 2026, following a contraction in late 2025, primarily due to a significant negative contribution from inventory changes and a slight decline in household consumption. The gross fixed capital formation has also slowed, particularly in the public sector. Inflation rates have shown a downward trend, but remain high, influenced by rising energy and fuel prices. Labor market conditions are stabilizing, with a slight decrease in unemployment rates, while wage growth has slowed significantly. Overall, the outlook suggests a cautious economic environment with persistent inflationary pressures.