Military actions in Ukraine as an external factor of the economic cycle

The article analyzes the influence of external factors, on the example of the military Ukrainian conflict, on business cycles. The paper presents graphs of the economic growth rates of some states, according to which conclusions are drawn about the phases of cycles. There are a number of countries with similar fluctuations in business activity. The interpretation of the impact of the crisis in Ukraine on the dynamics of the total income of the countries under consideration is given. The conclusion is made about the need to link economic state policy with the phases of economic cycles.