And although there is no imminent threat of default in Argentina or Turkey, she said, "There are medium-term concerns going into 2002".
For the unions, the medium-term concern is about their ability to organize and fight for better contracts.
CSFB said its medium-term concern is return-on-marketing.
"However, on the issue of the medium term outlook, serious concerns remain about the viability of borrowing reductions.
"But the likely deterioration in debt affordability over the medium term and ongoing concerns about the economy's ability to withstand fiscal consolidation and private sector deleveraging mean its outlook may no longer be consistent with an A1 rating".
As our Paris correspondent Kim Willsher writes: Moody's said it was not confident Hollande's government could – or would – introduce the necessary structural reforms and spending cuts to improved its rating in the medium term and expressed concern over France's exposure to risks from other ailing eurozone countries.
Most macroeconomic analysis is concerned with a medium-term business cycle and long-term trend movement.
Most macroeconomic analysis is concerned with a medium-term business cycle and a long-term trend movement.
Chris Iggo of AXA Investment Managers said that in the medium term he would be concerned about a Conservative-led combinedn, combined with the Scottish National party dominance north of the border that is being widely forecast.
Although yields have risen this year, governments in most big economies are still paying less than they were when the crisis began in 2007 (see chart 2).The real questions concern the medium term.
It has, after all, been quite a year — not just the sea-change in professional opinion on structural unemployment, but the collapse of the expansionary austerity doctrine and its replacement by the view that multipliers are quite large, the collapse of the 90 percent debt threshold view, the plunging deficit and the vanishing of medium-term debt concerns, and more.
