The global economy in 2022 is experiencing multiple unprecedented crises. The Russian invasion of Ukraine brought a geopolitical disruption to Europe, spreading energy and supply chain crises in other parts of the world. The deepening of the US-China confrontation and rising techno-nationalism cast a series of gloomy economic forecasts. The energy crunch in Europe increased uncertainties in the global energy market. The intense pressure of inflation in the post-pandemic period began to be coupled with a strong dollar and fiscal austerity. As winter is approaching, energy and economic crises are facing a harsh edge of reality. How long will the crisis last? How can the global economy overcome these multi-layered crises? The session examined the impacts of ongoing energy and economic crises and compared the responses from major countries.