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 answer is that over the medium term, the tax cuts are simply not affordable.
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Its fiscal problem is not now it should be spending to boost recovery but in the medium term.
Mr Singh said he was optimistic that Indonesia's growth rate would improve over the medium term.
The IMF thinks that, where possible, deficits should be cut gradually over the medium term.
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.
It points to medium term 5% profits on supplying to households, rather than the broader profit figure.
In the medium term at least, Li is now less an Internet visionary and more a manager.
Today's austerity policies are risky, and may well swell jobless lines in the short and medium term.
The investment forms part of the Medium Term Financial Plan due to be debated by the States.
But the candidate also has to understand that tackling the deficit in the medium term is essential.
The leaders said "strong economic fundamentals would enable Asia's impressive growth performance to continue over the medium term".
In the medium term, QE2 should drive inflation theoretically helping ensure that asset values stabilize and even increase.
At this point, with an eye to the short to medium term, they will understandably choose the latter.
And so future numbers coming out of Japan in the medium term are likely to be less spectacular.
For Gazprom, there is no alternative, in the short-to-medium term, to selling its gas to Europe and Turkey.
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The ECB, he said, would "continue to monitor closely" all developments to ensure price stability over the medium term.
First Minister Rhodri Morgan said the decision would secure the future of the plant "well into the medium term".
It is only about the medium term that I am concerned, very concerned.
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Over the medium term measures are needed to increase the number and availability of general practitioners or family doctors.
In September, Shetland Islands Council (SIC) passed a five-year medium term financial plan.
Still, over the medium term Intel cannot correct America's trade deficit by itself.
Zacks Industry rank of 25 out of 265 also indicates the likelihood of out performance in the short-to-medium term.
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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.
Carwyn Jones is deeply sceptical about any significant devolution of tax-raising powers to Wales in at least the medium term.
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