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Real GDP in Italy is finally growing again at a solid rate, but the economy remains more or less depressed with the unemployment rate elevated and economic output still 6 percent below its 2008 peak. Italy must hold a general election by May 20, and the populist/anti-establishment/Eurosceptic message of the Five Star Movement (5SM) has resonated with some voters. A date has not yet been set for the election, but polls show that the 5SM would do well if the election were held today.

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