www.g4media.ro/iulian-lolea-economistul-sef-al-con

Iulian Lolea, chief economist at Concordia, highlighted the burden of tax increases on Romania's economy and criticized the delay in promised reforms. He warned of a potential economic decline by 2026 if no miracle occurs. Lolea emphasized that the private sector has borne the brunt of economic adjustments, while government spending cuts and broader reforms remain unimplemented. He noted a significant drop in confidence among both the public and businesses, urging the government to provide credible signals and engage in genuine dialogue with the private sector to avoid recession.