CHALLENGES AND KEY DIRECTIONS OF RECOVERY OF UKRAINE’S ECONOMY IN THE POST-WAR PERIOD

Abstract

The article examines modern challenges and the main trends of recovery and reconstruction of the state's economy in the post-war period. Analyzed economic indicators before the start of a full-scale invasion and during the period of the country being at war. It was determined that the main risks of economic dynamics and growth slowdown are related to protracted war, international global economic recession, unstable situation of enterprises, disruption of global production chains. The crisis of the national economy and negative trends caused by the war become a factor in the emergence of long-term negative trends. Key threats include corruption, demographics, uncertainty, financial legislation, resources and political instability. It is substantiated that in order to respond to the manifestations of the socio-economic crisis, there should be increased stability and early recovery, which involves the implementation of such steps as: support of the government by Ukraine's international partners; strengthening of civil society institutions and local communities; preservation and development of the initiated tendency to minimize the regulatory influence of power institutions on the operational functioning of the economy; changing the goals of the structural economic policy of the state; post-war accelerated economic growth and development. Attention is focused on financial and humanitarian support of foreign partner states. For a balanced reconstruction plan, it is considered important to follow the appropriate phasing of the measures taken. Emphasis is placed on the positive impact on the pace of socio-economic development and the reduction of transactional and transformational costs of the activity of regulatory structures of the public sector. The key areas of recovery of the national economy destroyed after the war are substantiated.