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135 new news items in the last 24 hours
  1. Home
  2. Politics

Romania has entered technical recession, says a former social-democrat minister

Gabriel Dumitrache
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15 April 2026, 14:20
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Deputy Marius Budăi, first vice president of PSD Botoșani, stated that Romania has entered technical recession, a situation generated by the austerity policy of Prime Minister Ilie Bolojan. In a press release, Budăi emphasized that PSD warned about the consequences of this strategy, offering solutions such as the Economic Relaunch Program and support for farmers, which were ignored. He highlighted that the economy has decreased from a growth of +1% to -1.9% in just six months, with two consecutive quarters of economic decline, representing the most severe post-pandemic drop.

Budăi mentioned that the economic confidence index has dropped to 92 points, below the alert threshold, and estimates from the Fiscal Council suggest that this trend will continue. He criticized the current government, stating that PSD will not remain silent in the face of a misguided direction and will continue to demand changes in the country's leadership.

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Financial Intelligence
Deputatul Marius Budăi (PSD): România a intrat în recesiune tehnică
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psnews.ro
Deputatul Marius Budăi (PSD): România a intrat în recesiune tehnică
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Ziare.com
Un fost ministru avertizează că România a intrat în "recesiune tehnică": "Această situație este consecința directă a politicii de austeritate promovate de premierul Ilie Bolojan"

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NEWS ON THE SAME TOPICS

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Politics
Sorin Grindeanu warns that Romania could enter an economic crisis: "Bolojan promised reform and delivered recession"
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Economy
Interim Prime Minister Ilie Bolojan stated that inflation and the technical recession in Romania are the result of accumulated economic imbalances.
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Politics
PSD Deputy Marius Budăi attacks Ilie Bolojan: "The myth of the savior has collapsed"
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Economy
Theodor Stolojan stated that Romania is losing its economic momentum, with a constant decline in economic growth, despite the increase in public investments.
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Current Affairs
Tánczos Barna states that austerity measures cannot solve Romania's economic crisis, emphasizing the importance of economic stimulation.
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Politics
Rareș Bogdan says that Ilie Bolojan has "buried" the economy of Romania.
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