Arab News | Greek output down 20.1 percent Arab News ... but there is no room for complacency," Provopoulos said. Successive tax hikes and other austerity measures have pushed unemployment up to 27 percent, according to data for last November, while 61.7 percent of Greeks under age 24 are out of work. UPDATE 2-Greek economy to contract in 2013, recover next yr -cenbank Crisis shrinks Greek economy by one-fifth Greek economy on rebound, challenges remain: Bank of Greece Governor |