Abstract
The important problem of regional development is the strengthening of interregional disparities due to the concentration of financial capital in some of the most economically developed and investment-attractive regions and its outflow from economically weaker regions. The purpose of the article is to analyze the spatial distribution of the processes of credit activity and capital investment in conditions of financial and economic turbulence, to assess their impact on the economic growth of the regions of Ukraine. The following methods were used for the study: abstract-logical, comparative analysis, graphical visualization, statistical. The article identifies trends and problems of spatial distribution of credit activity, capital investment and highlights the features of credit and investment development of regions in crisis conditions; the influence of credit and investment factors on the economic growth of the regions is estimated. It has been found that in Ukraine a high concentration of capital investment in highly developed regions does not always guarantee them high investment productivity. Regional development under the COVID-19 quarantine restrictions was often influenced by behavioral factors and a number of irrational decisions by economic entities. During 2020, the share of public capital investments increased, but these investments were often financed by international funds. However, unlike most developed countries, the main objects of investment were not the health care system (including its increased capacity to fight the pandemic) or the digitalisation of public services, but the objects of hard infrastructure. The article identifies the risks of economic growth of regions, in particular: the risk of delayed effect of economic growth in the short term, the risk of deepening imbalances in economic development of Ukraine, the risk of low productivity of public investment, the risk of increasing irrationality of consumer behavior in the short term.
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