Stagflation is considered to be a growing risk for the Romanian economy this year, as the country has already entered a technical recession while facing additional challenges on the energy front, as prices could soar over the ongoing Middle East conflict. By Ovidiu Poșircă Iulian Lolea, chief economist at the Concordia Employers’ Organisation, said the 1.9% quarter-to-quarter contraction recorded in Q4 2025 ranks among the steepest quarterly declines in Romania’s post-crisis history, with