News Headline Summary

IMF's Lipton says financial crisis is proving hard to end

- Fiscal adjustments should be as growth friendly as possible.
- Access to funding at reasonable costs essential for adjustment in troubled times.
- Central banks should stay ready to provide stimulus.
- Without action to avoid fiscal cliff, US will fall into recession.

Print 16:20, 12 Nov 2012 - Economic commentary - Source: Newswires