1)The Italian economy has had very variable growth. In the 1950s and early 1960s, the Italian economy was booming, with record high growth rates, including 6.4% in 1959, 5.8% in 1960, 6.8% in 1961, and 6.1% in 1962.

Italy is the world's ninth biggest (process of people making, selling, and buying things). Its money-based structure relies mainly on services and manufacturing. The services part/area accounts for almost three quarters of total GDP and employs around 65% of the country's total employed people. Within the (companies that perform services, like trucking, health care, entertainment, etc.), the most important contributors are the wholesale, retail sales and transportation parts/areas. Industry accounts for a quarter of Italy's total production and employs around 30% of the total (all the workers in a company or country). Manufacturing is the most important sub-part/area within the industry part/area. The country's manufacturing is (made to do one thing very well) in high-quality products (that are bought and sold) and is mainly run by small- and medium-sized businesses/projects. Most of them are family-owned businesses/projects. Farming adds/gives the remaining share of total GDP and it employs around 4.0% of the total (all the workers in a company or country).

The country is divided into a highly-(change an area or country so that it builds factories and starts manufacturing lots of things)d and developed northern part, where about 75% of the nation's wealth is produced; and a less-developed, more agriculture-depended southern part. As a result, unemployment in the north is lower and per person income in higher compared to the south.

Italy suffers from (not having a steady, trustworthy government), money-based going bad (from not moving) and lack of (related to what holds something together and makes it strong) good changes. Before the 2008 major money-based problem, the country was already (causing something to not operate or someone to not work) in low gear. In fact, Italy grew an average of 1.2% between 2001 and 2007. The worldwide serious problem had a breaking down/getting worse effect on the already delicate and breakable Italian (process of people making, selling, and buying things). In 2009, the (process of people making, selling, and buying things) suffered a big 5.5% contraction--the strongest GDP drop in at least 20 years. Since then, Italy has shown no clear (popular thing/general way things are going) of recovery. In fact, in 2012 and 2013 the (process of people making, selling, and buying things) recorded contractions of 2.4% and 1.8% (match up each pair of items in order).

Going forward, the Italian (process of people making, selling, and buying things) faces some important challenges, one of which is unemployment. The (percent of people who want to work but cannot find a job) has increased constantly in the last seven years. In 2013, it reached 12.5%, which is the highest level on record. The stubbornly high (percent of people who want to work but cannot find a job) highlights the weaknesses of the Italian labor market and growing worldwide competition. Another challenge is presented by the very hard status of the country's public finances. In 2013, Italy was the second biggest money-ower in the Eurozone and the fifth largest worldwide.

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