THE IMPACT OF INTERNATIONAL CRISES ON THE CURRENT STATE OF UKRAINE'S ECONOMY

Анотація

The theme of the work is relevant and painful for many young countries – it is overcoming the crisis and stable life and development. The article highlights the global financial crises and their impact on Ukraine’s economy since the withdrawal from the Soviet Union and the current situation. Many experienced specialists all over the world are struggling with the problem of crisis phenomena, which speaks of its importance. The concept of economic crisis is revealed and research of this term from the point of view of various scientists is carried out. It should be added that the worsening economic situation was also caused by the political crisis. Due to the pandemic, Ukraine’s economic crisis has worsened, which has had a particular impact on macroeconomic indicators such as GDP, prices, unemployment, and the balance of payments. Now our state is in an adaptive period, adapting to quarantine measures and resuming business activity. Therefore, the state of the economy was analyzed by comparing the volume of GDP in different periods of the country’s development and a forecast was given for its further potential retrospective in the future. The main internal and external factors that negatively affect the stability of Ukraine’s economy in the macroeconomic space are identified. A set of measures is proposed to overcome the consequences of the crisis, including those caused by acute respiratory disease Covid-19, and its further avoidance. Public authorities must take a more detailed approach to solving internal problems, develop an algorithm for overcoming the critical situation in the country, involve additional financial flows, and develop their own competitive production. Also stabilize commodity prices, contain inflation and depreciate money. It is necessary to adopt positive foreign experience to overcome internal difficulties, to reorganize the existing economic structure within. Finally, it should be noted that many different reasons, including external ones, have a great impact on the economic levers and success of the country. We hope that all the guidelines set out in the work will be taken into account, and the country will be able to overcome all difficulties through public efforts.

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