AmCham’s Macroeconomic Insights is an internal assessment of Romania’s macroeconomic and fiscal developments. The present edition covers Q1, Q2, Q3 of 2025, and provides an overview of the main projections anticipated for the full year. It examines economic growth and sectoral trends from both demand and supply-side perspectives, and analyzes labor market conditions, financial markets` evolutions, as well as the dynamics of the twin deficits.

The analysis adopts a forward-looking approach by incorporating projections for the full year 2025 and, where relevant, for 2026, to outline anticipated trends and developments.

The analysis is both quantitative and qualitative, based on the processing and interpretation of statistical data on the volume and dynamics of key macroeconomic indicators, as well as on the analysis of factors and implications, where relevant.

Author: Ioana Gavril, Senior Advocacy & Macro Lead – AmCham Romania