The Foundation for Economic and Industrial Research Foundation (IOVE), a private, non-profit, public-benefit research organisation, has re-evaluated its predictions
regarding the recession of the Greek economy and estimates that for 2013, the rate will be between 4.8% and 5%, compared to the earlier prediction of 4.6%.
IOVE also made some new predictions on the rate of unemployment in its four-month report, suggesting that unemployment will climb to 27.8%, compared to 27.3%.