This view is predicated on the assumption that profit margins will recover in the medium term.
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In the medium term, that could be a serious problem for the Bundesliga cheerleaders.
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The Chinese government agrees that in the medium term it needs to set its currency free.
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In the medium term, however, academic studies suggest that higher government spending leads to slower economic growth.
He adds that a mix shift to mobile and international is hurting growth in the medium term.
In the medium term at least, Li is now less an Internet visionary and more a manager.
But the candidate also has to understand that tackling the deficit in the medium term is essential.
In the medium term, QE2 should drive inflation theoretically helping ensure that asset values stabilize and even increase.
And so future numbers coming out of Japan in the medium term are likely to be less spectacular.
And not one that I see that is euro-bullish in the medium term.
The industry can also take heart from a number of trends that should help it in the medium term.
The committee expects labour productivity growth to resume slowly, helping to bring inflation back to target in the medium term.
Privately held Neiman Marcus and Tommy Hilfiger are among candidates likely to go public in the medium term, he says.
In the medium term I believe American companies will have to begin manufacturing again rather than relying on Asian suppliers.
However, Mr Draghi said that inflation would be contained in the medium term, but the bank would act if necessary.
But that premium must fall further if Brazil is to be able to honour its debts in the medium term.
During the past month, the balance of those risks to inflation in the medium term has shifted decisively to the downside.
Further policy efforts are required to achieve sustainable public finances in the medium term, particularly in the context of population ageing.
At the same time, we have in the medium term and the long-term fiscal issues that have to be dealt with.
In the medium term these seem certain to involve a greater role for markets and foreign investment in the state-dominated economy.
In the medium term, NATO offers the only serious supranational security structure.
Meanwhile, two-way trading traffic in June contract put options sends mixed signals as to investor sentiment on Petrohawk in the medium term.
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That will require broader, more painful measures in the medium term: higher taxes for all, tougher spending cuts, or a bit of both.
In the medium term, "external price pressures fade and a gradual revival in productivity growth curbs increases in domestic costs, " the report said.
EU-American agreement, imbalance will grow, real competition will suffer in the medium term, and moves towards world liberalisation will, at best, creep along.
Expanding credit to investment projects that struggle to show a profit in the medium term is a cause for concern for China investors.
Amusing as the above diversion was for the financial press, far more concerning is the ambiguity over regulatory capital requirements in the medium term.
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In the medium term, solar power combined with improved battery storage systems will make a difference, as will military vehicles with hybrid electric engines.
Overall, the net impact of all these policy actions is likely to be slightly negative for growth potential, at least in the medium term.
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