Ukraine’s direct and indirect losses due to Russian's invasion has already reached about $1 trillion. What'll happen to the Ukrainian economy in coming months if the war Continues?
The Russian military invasion of Ukraine and it's subsequent airstrikes have really caused the entire economy of Ukraine to dwindle since February 24 and it's likely that more airstrikes and destructions will take place in the coming days, weeks and months if nothing is done to end the war.
Several houses, industries and commercial cities have been targeted by the Russian military. The nature of destruction meted on the Ukrainian cities could be said to be a collateral damages. This is because to return Ukraine to its pre-war state will consume billion of dollars and beyond, and this could take over 5 years to come to return Ukraine to its pre-war condition.
Physical damage to Ukraine's buildings and infrastructure from Russia's invasion has reached roughly $60 billion and will rise further as the war continues, World Bank President David Malpass said on Thursday.
Malpass told a World Bank conference on Ukraine's financial assistance needs that the early estimate of "narrow" damage costs does not include the growing economic costs of the war to Ukraine.Source
The World Bank gave a report in April that the physical damages caused by the war in Ukraine is worth about $60 billion and this is subject to change as the war continues to persist and the cost of the war is also subject to change.
Currently, it has been reported that the damages in the war in Ukraine have surpassed $500 billion and have reached $1 trillion.
According to News 24:
It is equal to the five of the country's five annual state, according to Oleh Ustenko, an adviser to the Ukrainian president on economic issues.Source
This actually means that the cost of the war and the physical damages could amount to an annual budget for about 5 states in Ukraine, which indicates that the country might be heading towards recession if nothing is done to help her out of the situation by the international community.
My fear is that if the international community isn't helping Ukraine, the country would have lost most part of her territories to Russia. If the war last for another 3 months, the cost of the war may double the aforementioned amount.