The global economic crisis against the background of the war in Ukraine: Currant realities and prospects for overcoming

Abstract

The purpose of the article is to study the global economic crisis through the prism of the war in Ukraine, as well as to study the prospects to overcome it. The subject matter of the research is global economic crisis. Research methodology includes the use of general scientific and special methods of scientific knowledge, including dialectical, historical, qualitative and quantitative comparison, normative and dogmatic, method of factor and structural analysis, modelling and forecasting methods. Research results. The peculiarities of the term “economic crisis” are revealed and the authors’ definition of this concept is provided. National and international statistical studies related to the economic situation in Ukraine are considered. The legislative acts and resolutions on solving the problems of the economic crisis caused by the war, adopted by Ukraine, are analyzed. Practical implementation. It is determined how the war in Ukraine affects the economic system of all countries of the world. It is concluded that the war in Ukraine negatively affects inflation fluctuations and may cause and could increase poverty in Colombia. Value/ originality. It is concluded that the war in Ukraine can be the cause of global economic crisis. The measures that will contribute to overcoming rapid development of this negative phenomenon are proposed.