VIENNA, Feb. 5 (Xinhua) -- Greece's economic output in 2013 is expected to slide 23 percent from the high recorded in 2008, the Austrian Institute of Economic Research (WIFO) said Tuesday.
The grim outlook defied the comments made by George Provopolous, Bank of Greece Governor, in January that the "worst is over."
The forecast means Greece's recovery will not only come to a stillstand, but also going to the opposite, said the WIFO Director Karl Aiginger, adding that the nation could not solve the issue without strategic adjustment and aids from European partners.
Per-capita income in Greece has dropped to 28 percent below the average of EU-15, the countries that joined the European Union prior to the accession of 10 candidates in 2004.
The unemployment rate in Greece has rose to 19.7 percent, Austrian media reported, adding that it might continue to rise through 2013.
Aiginger said Greece needed to increase the competitiveness of its industry and service sectors, to extend its tourism season and to tighten in health care services.
Further, administrative structures should be changed and tax collection reformed, and women and youth should take a more active role in the reform process involving administration, politics, and economy, said Aiginger.
"Core of a growth strategy must be to accelerate start-up companies, to make direct investments attractive, to form industrial clusters, or to make wind or solar technology a priority," the WIFO Director added.