This automatic fiscal stimulus mitigates the downturn.
And he praised Mr. Corzine for helping mitigate the pain the downturn has inflicted on middle-class families by preserving funding for education and health care and making New Jersey one of the first states to start its own economic stimulus plan.
Payments coming in from the European Union's structural funds, which by 2013 will amount to €67 billion, or $84 billion, are also helping to mitigate the effects of the downturn in Poland, Mr. Laursen said.
As the crisis escalates, pressure will mount on Gordon Brown's fiscal stimulus plan to mitigate the effects of the downturn with extra investment in housing, principally through the newly formed superquango, the Homes and Communities Agency (HCA), led by Sir Bob Kerslake.
Sweden, which ran into trouble in the early 1990s, suffered three years in which GDP shrank at an average rate of almost 1.5%.Dramatically looser monetary policy, together with some fiscal easing, can help to mitigate the severity of the downturn now under way.
And fortunately, one of the first major acts that the Obama administration brought forth was one intended to mitigate or to mitigate the negative effects of the downturn and stimulate the economy.
Collaborations across the public, private, institutional and philanthropic sectors mitigate the impact that market downturns and budget cuts can have on entrepreneurs and the investors supplying the capital they need.
"The SNP group will continue to support any sensible suggestions on how to mitigate the effects of this economic downturn".
By contrast, US states, as users of currency, are reliant on this counter-cyclical fiscal policy to mitigate the destructive effects of economic downturns -- particularly unemployment and the suffering it causes.
The government has allowed borrowing to rise rapidly from £35bn two years ago in an attempt to mitigate the impact of the most severe global downturn since the Great Depression.
