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This could harm medium-term growth.
Phelps discussed prospects for enhancing medium-term growth.
In the absence of further structural reforms, medium-term growth is projected to remain low.
"A lasting solution to the debt overhang problem is not possible without higher medium-term growth," it said.
"The first is the inevitable uncertainty a 'leave' vote would generate for medium-term growth and investment.
The information revolution could lead to patience wearing thin … This could harm medium-term growth.
"Should these trends continue, they would increasingly push down France's medium-term growth prospects," it added.
And the government's medium-term growth targets are likely to remain in the region of 8%.
As such, policy should be tailored around maximising medium-term growth potential.
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Convincing the market on the medium term growth model therefore remains key.
We are more pessimistic about the economy's medium term growth prospects than we were in March.
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