ECONOMIC CONSEQUENCES OF THE CORONAVIRUS PANDEMIC OUTBREAK AND THE RUSSIAN – UKRAINIAN WAR

Nowadays, the economy, along with other types of sectors and industries is seriously impacted by a number of factors. Among the most prominent: the fears of other possible coronavirus outbreaks, which will force imposing new restrictions, along with the current Russian-Ukrainian war. Russia's invasion of Ukraine in February 2022 fuelled a rise in global inflation and prompted warnings of social and economic unrest as the world moves away from cheap energy and flexible global supply chains. For this reason, the current research develops investigations into the field of economic consequences both at the international level, as well as on the Romanian economy. In addition, the study will analyze the macroeconomic shocks, the behaviour of developed states in order to protect the final consumers, as well as their strategies for adapting to the new economic realities. The study reveals that the global economy is still dominated by serious negative risks and the Euro zone may enter into an economic recession at the end of 2022, which will significantly increase the cost of living for individuals.