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Italy's Midsummer Dream: Shaking Off Sick Man of Europe Label

  • Report Wednesday may show 10th straight quarterly GDP growth
  • Italy still lags behind euro-area peers in post-crisis rebound
Pedestrians walk with a dog beneath arches at Piazza Grande in Modena, Italy.
Photographer: Alessia Pierdomenico/Bloomberg
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Italy is working hard to shake off the sick man tag.

Through government tensions, bank rescues and a migrant crisis, business sentiment has improved and the economy managed to maintain consistent growth after multiple false dawns. A report on second-quarter economic expansion this week is expected to top off a streak of encouraging numbers ranging from the labor market to exports.