Author:
Péter Halmai National University of Public Service, Budapest, Hungary
Budapest University of Technology and Economics, Hungary

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Abstract

The main features of war shock are substantially different from those of the preceding COVID-19 shock. The EU economy is showing important elements of resilience. The existing structural forces and adaptive capacity of the EU economy are clear indications that it is capable of transformation and avoiding recession.

The dynamics of the war is also crucial in terms of economic impacts. There are still many uncertainties about the future course of the war and its ramifications. The fundamental question is whether the war is heading in the direction of escalation or de-escalation. Unless the war spreads beyond Ukraine and the conventional means of warfare, its global economic consequences may be limited after the initial shock. New adjustment processes in the field of green and digital transition can be set in motion in parallel with the suffering and turmoil of war shock. New market players could emerge in the energy markets.

The prolonged war continues to challenge the Ukrainian economy, but it can remain viable with massive external support. The Russian economy could suffer serious erosion, with its comparative advantage being wasted.

There is a real threat of deglobalisation and the emergence of a fragmented world economy, but the counteracting factors appear to be much stronger. However, the prolonged war continues to pose major and unpredictable threats to the countries affected directly and indirectly, to Europe and to the world economy.

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Senior editors

Editor-in-Chief: 

  • Éva JAKAB (Károli Gáspár University of the Reformed Church, Department of Civil Law and Roman Law, head of Doctoral School of Political Science and Law, Hungary)

Editors:

  • Fruzsina GÁRDOS-OROSZ (HUN-REN Centre for Social Sciences, Institute for Legal Studies, Hungary; Eötvös Loránd University, Faculty of Law, Hungary)
  • Miklós KÖNCZÖL (HUN-REN Centre for Social Sciences, Institute for Legal Studies, Hungary; Pázmány Péter Catholic University, Faculty of Law and Political Sciences, Hungary)
  • Viktor LŐRINCZ (HUN-REN Centre for Social Sciences, Institute for Legal Studies, Hungary)
  • Tamás HOFFMANN (HUN-REN Centre for Social Sciences, Institute for Legal Studies, HU; Corvinus University of Budapest, Institute of International, Political and Regional Studies / Department of International Relations, Hungary)
  • Eszter KOVÁCS SZITKAY (HUN-REN Centre for Social Sciences, Institute for Legal Studies, HUNGARY; Ludovika University of Public Service, Doctoral School of Law Enforcement, Hungary)

Editorial Board

  • Attila BADÓ (University of Szeged, Faculty of Law and Political Sciences, Hungary)
  • Mátyás BÓDIG (University of Aberdeen, King's College, School of Law, United Kingdom)
  • Zoltán CSEHI (Eötvös Loránd University, Faculty of Law, Hungary; Pázmány Péter Catholic University, Faculty of Law and Political Sciences, Hungary)
  • Péter CSERNE (University of Aberdeen, King's College, School of Law, United Kingdom)
  • Balázs GELLÉR (Eötvös Loránd University, Faculty of Law, Hungary)
  • András JAKAB (Paris Lodron Universität Salzburg, Faculty of Law, Business and Economics, Austria)
  • Miodrag JOVANOVIĆ (University of Belgrade, Faculty of Law, Serbia)
  • Miklós KIRÁLY (Eötvös Loránd University, Faculty of Law, Hungary)
  • György KISS (National University of Public Service, Faculty of Public Governance and International Studies, HUNGARY; University of Pécs, Faculty of Law, Hungary)
  • Jan KUDRNA (Charles University, Faculty of Law, Czech Republic)
  • Herbert KÜPPER (Institut für Ostrecht, DE; Andrássy Universität, Chair of European Public Law, Hungary)
  • Konrad LACHMAYER (Sigmund Freud University, Faculty of Law, Austria)
  • Andzrej Stanislaw MĄCZYŃSKI (Jagiellonian University, Faculty of Law and Administration, Poland)
  • Guido PFEIFER (Goethe University, Faculty of Law, Germany)
  • Miklós SZABÓ (University of Miskolc, Faculty of Law, Hungary)
  • Zoltán SZENTE (HUN-REN Centre for Social Sciences, Institute for Legal Studies, Hungary)
  • G.J.J. Heerma VAN VOSS (Leiden University, Institute of Public Law; Labour Law and Social Security, Netherlands)
  • Bernd WAAS (Goethe University, Faculty of Law, Germany)
  • Fryderyk ZOLL (University of Osnabrück, European Legal Studies Institute, Germany)

Advisory Board

  • Péter ERDŐ
  • Gábor HAMZA
  • Attila HARMATHY
  • László KECSKÉS
  • Tibor KIRÁLY
  • László KORINEK
  • László SÓLYOM
  • Lajos VÉKÁS
  • Imre VÖRÖS

Hungarian Journal of Legal Studies
P.O. Box 25
HU–1250 Budapest,Hungary
Phone: (36 1) 355 7384
Fax. (36 1) 375 7858
E-mail: acta.juridica@tk.mta.hu

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2023  
Scopus  
CiteScore 1.2
CiteScore rank Q2 (Law)
SNIP 1.024
Scimago  
SJR index 0.204
SJR Q rank Q3

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Hungarian Journal of Legal Studies
Language English
Size B5
Year of
Foundation
2016 (1959)
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia  
Founder's
Address
H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 2498-5473 (Print)
ISSN 2560-1067 (Online)