The current global energy crisis has had a significant impact on economic growth in various countries. As the main driving source for industry, transportation and other sectors, energy is a crucial factor in determining economic dynamics. Energy price spikes, driven by geopolitical instability and rising demand, have affected inflation in many countries. High inflation reduces people’s purchasing power, so household consumption decreases. Sluggish demand results in decreased production and income for companies. Many small and medium-sized businesses that depend on affordable energy costs are now struggling to survive. As operational costs increase, they are forced to increase selling prices, which in turn puts further pressure on consumers’ purchasing power. In addition, dependence on volatile fossil energy disrupts economic stability. Countries that depend on energy imports are particularly vulnerable to price fluctuations. Reduced investment in the renewable energy sector is also causing instability in the long-term response to this crisis. Many countries, especially those in the developing world, are having difficulty transitioning towards more sustainable energy sources. The energy crisis not only impacts the industrial sector, but also affects the transportation sector. Rising fuel prices contribute to increased logistics costs, which can slow down the delivery of goods and add complexity to global supply chains. This delay results in delays in the production and distribution of goods, which supports a decline in global economic growth. The service sector, including tourism, was also hit. Many tourist destinations have experienced a decline in visits due to soaring transportation prices. Energy market volatility creates an atmosphere of uncertainty, which keeps investors away from investing in new projects, thereby slowing innovation and long-term economic expansion. In some cases, governments respond by providing energy subsidies, but this can result in heavy fiscal burdens for countries and create market distortions. These policies are often unsustainable and can disrupt the transition to green energy. Diversification of energy sources and investment in renewable energy technology are very important. Many countries are now seeking to accelerate the transition from fossil energy to cleaner, more sustainable energy, in order to reduce their resilience to similar crises in the future. Initiatives to improve energy efficiency and utilize local resources can help ease the pressures created by uncertainty in energy supply and prices. With increasing interest in sustainability, the renewable energy sector is starting to grow as a business opportunity. Investments in clean technologies can be an important underpinning of future economic growth, creating new jobs and strengthening economic resilience. International cooperation is a key factor in overcoming this crisis. Countries need to collaborate to develop policies that support innovation in energy and technology sharing, to create long-term solutions. A collective approach to these challenges will not only help overcome the current crisis but also drive more inclusive and sustainable economic growth in the future.