Proof Italy Needs Startups

Italy has many challenges generating economic growth. To ensure a positive future,

Italy must incentivize high-growth innovative industries that

produce high value-added jobs and solutions.

Who will support
the aging population?

The replacement rate is the number of children per woman needed to maintain a stable population, without accounting for migration.

In developed countries, this rate is typically around 2.1 children per woman.

It is 1.25 in Italy.

Young people are leaving

Years 2011 - 2019 for ages 20 - 40 years old.

Milano was stable.

Torino lost 11.7%

Rome lost 3.3%

Napoli lost 6.7%

Mr. Fabio Panetta, Governor of the Bank of Italy

"I have already discussed this disappointing trend and its causes in past speeches: low innovation capacity and limited investment, a fragmented production system oriented towards traditional sectors, shortcomings in the public administration and in infrastructure, and low labor market participation."

GDP per Capita lagging

For the 15 years to 2023, Italy's GDP per Capita went down 6%.

See comparison to France and Germany.

Technology not contributing

"The core problem in Europe is that new companies with new technologies are not rising in our economy."

© The quote, from the 17 September, 2024 address by Mr. Mario Draghi at the presentation of the report on the Future of European competitiveness in the European Parliament is clear. Mr. Draghi added: "The report identifies three main areas for action. The first is aiming at closing the innovation gap with the United States and China." Mr. Draghi's report is available online.

Global Innovation Index Rankings

Stalled labor productivity

"Stalled labor productivity in Italy will make it harder to adapt to geoeconomic fragmentation, rapid diffusion of artificial intelligence, as well as other economic disruptions."

IMF Country Report on Italy July 2024