Former minister Florin Jianu: "Romania has officially entered recession"

Florin Jianu, president of IMM România and former minister, warns that the country has officially entered recession, and the effects of the political deadlock on the economy have been felt for some time.

Trade and industry in decline, consumption falling

According to Jianu, the absence of a fully empowered government is worsening the economic downturn. He emphasises that, in this context, both trade and industry are already on a downward trajectory, whilst consumer spending is declining.

Inflation at historic levels

The president of IMM România further noted that inflation remains at a historic level, at a time when the country's economy is showing clear signs of weakness on multiple fronts.