Institute forecast says Greek economy to drop 23 pct from 2008

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,Change tires in the comfort of your own garage with this tire changer ! 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.This is a sheet-shaped intermediate material made by impregnating carbon prepreg with thermoplastic resin.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,knives supplier said Aiginger. 

"Core of a growth strategy must be to accelerate start-up companies, to make direct investments attractive,Our collection of tyre equipments consists of tire changer and two post mechanical lift. to form industrial clusters, or to make wind or solar technology a priority," the WIFO Director added.Prepreg is made by impregnating fibers such as carbon cloth.