| During these times of crisis, expenditure in health had to be seen as a countercyclical measure. |
| Above all, however, both before and after the crisis broke out, we implemented countercyclical policies. |
| We know that the share of self-employment in the economy is a countercyclical measure. |
| Long known for championing fiscal stringency, the fund has recommended that Tanzania and Mozambique consider countercyclical fiscal expansions. |
| According to us, countercyclical investment is the way to success in difficult times. |
| Nonetheless, the responsiveness of monetary policy, although improved, remained somewhat sluggish, which limited its countercyclical impact. |
