1. Cameron Asharian, Matthew Fang, Tyree Lanier, Sebastian Son and Joseph Yang

2. 2009: Italy debt=116% of GDP

3. 2012: Italy debt=127% of GDP

4. - Graph is yearly

5. Europe’s Economic Growth A chart of Europe economic growth from Q1 2008 to Q1 2014 - Chart is quarterly Huge economic decline from 2009-2010.

6. Italy’s Problems ●Huge governmental debt of 132.6% of nation’s GDP -Consequently, interest rates increase providing a risk for investors. ●High unemployment rate of 13% -small businesses dominate economy -senior workers protected by inflexible rules, young workers have short-term contracts ●Underground market makes huge part of GDP - 15% of economy in the shadows -strong control of corruption and weak rule of law

7. Factors in Economic Growth 1.Advances in Technology 2.Improvement in quality and level of literacy 3.Human and natural resources

8. Industrial Output (2008-2014) After a long period of poor industrial production, there is hope -- >

9. Italy’s GDP

11. Unemployment- Starting from 2008.

12. -Labour

13. Tourism -Since 2011, tourism revenue (in billions of $US) has dropped from 43.0 to 41.2 -Tourism contribution to GDP fell by -1.4% -Italian spending on tourism fell 3.2% -projected contribution to GDP in 2023 is only 1.3% more than 2012 h

14. The Solutions: Privatization -"transferring from government control or ownership to private enterprise." -aims to increase productivity and advance the job market - private companies in Italy have had success (Bulgari) -Governmentally owned companies such as Fincantieri (shipbuilding) could benefit from privatization-- large shipbuilding industry -privatization could increase profit motive, and ingenuity and innovation

15. Conclusion

16. Sources http://www.eurofound.europa.eu/eiro/1999/12/feature/it9912257f.htm http://en.wikipedia.org/wiki/Bulgari http://www.keepeek.com/Digital-Asset-Management/oecd/economics/italy-and-the-euro-area-crisis_5k44ssrpqdxq-en#page4 http://www.cbo.gov/sites/default/files/cbofiles/attachments/43707-SlowRecovery.pdf http://en.wikipedia.org/wiki/World_Tourism_rankings -4.2%file:///C:/Users/Eunyoung/Downloads/2012_corporate_annual_report_english.pdf http://en.wikipedia.org/wiki/Eurozone_crisis http://www.bbc.com/news/business-13856580 http://www.tradingeconomics.com/euro-area/indicators http://www.tradingeconomics.com/italy/indicators http://revolting-europe.com/2013/10/11/italy-tens-of-thousands-of-students-take-to-streets-to-demand-investment-in-education/