ECONOMY IN CONDITIONS OF WAR AND POST-WAR ECONOMIC DEVELOPMENT

Abstract

The full-scale war in Ukraine has been ongoing for over two years and continues to negatively impact the Ukrainian economy. It has caused widespread destruction of production capital and infrastructure, led to human casualties and social losses, reduced jobs and incomes, diminished purchasing power, and decreased accumulated assets. The destructive consequences of the war are evident not only in the economy and social sphere but also in the country's financial system, which is engaged in armed struggle. Looking forward, the country's economic development must initially reject the harmful dogma that has dominated the Ukrainian economy throughout its period of independence to this day. The article analyzes the profound changes in Ukraine's economy caused by the full-scale war, now ongoing for more than two years. Special attention is paid to the destructive consequences for production capital, infrastructure, and the social and financial systems of the country. The main goal of the article is to analyze the impact of military aggression on Ukraine's economy and to identify strategic directions for the country's economic recovery in the post-war period. The main tasks of the study were to examine GDP losses, the level of inflation, the state of the government budget, and changes in the structure of financing government expenditures. It assesses the needs for economic and infrastructure recovery and develops recommendations for stabilizing the economic situation and facilitating future development. The author employs methods of theoretical analysis, abstract-logical generalization, comparative analysis, and evaluates statistical data from international financial organizations. The article reveals the critical consequences of the war for Ukraine's economy, including significant GDP decline, high inflation, and substantial social losses. At the same time, it emphasizes the importance of refocusing on domestic and external financing sources, liberalizing economic policy, developing infrastructure, and reforming the financial system. Recommendations are provided for attracting international aid, implementing new technologies, and strategies for gradual transition to sustainable development and full integration with European economic structures.