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Ukraine in 2024: Year of Challenges and Adjustments
BY
The Institute for Economic Research and Policy Consulting - Kyiv / February 17, 2025
At the outset of 2024, many economic projections assumed the war in Ukraine would conclude within the year. However, reality defied expectations. The war persisted, bringing new challenges, including territorial losses, large-scale infrastructure destruction, and sustained Russian attacks on Ukraine’s energy grid. The Government faced the pressing need to secure funding for the war effort and mobilize additional defense forces.