Italy military strenght in a world without WW-II

Said that Adolph Hitler is died for diarrhea in 1913,Weimar Repubblic in some way is survived without becoming communist or fascist (or worse like in OTL).
So in this timeline September 1 1939 is a day like another.
But in a timeline without WW-II what about Italy military strenght?
Could Italy become stronger in 40s enough to be a serious menace for British Empire by early-mid 50s?
 
I doubt, Mussolini was all for apparence and little for substance in regard of the armed forces so his strategic direction will be...terrible.
If he delegate or someone convince him to be realistic maybe but i don't see who
 
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