On 11 November 2022, Paolo Gentiloni, the European Commissioner for Economy, presented the Autumn Forecast for the economic development in the EU. Following a strong first half of the year 2022, the energy crisis weakens the purchasing power of households and burdens the manufacturing industry. In spite of the Commission’s positive Summer 2022 Interim Economic Forecast, the forecast for 2023 suggests less growth and higher inflation. Furthermore, due to its continuing reliance on gas imports from Russia, the EU has one of the most vulnerable economies.