The economic numbers remain weak in Italy, where industrial orders declined 7.4% in January...

|By:, SA News Editor

The economic numbers remain weak in Italy, where industrial orders declined 7.4% in January while production fell 4.9%. Into the contraction, the government is continuing to tighten - something no country that truly had control over its policy levers would do, writes Ambrose Evans-Pritchard. Even the IMF is worried, its chief economist speaking of "a dangerous downward spiral."