“Bad news” for Greek was provided by the quarterly report of the Foundation for Economic and Industrial Research ( ). IOBE plans for 2024 growth 2.1%, i.e. higher than 2023, but worsening the current account deficit. Imports at constant prices are expected to increase annually by + 1.8% while exports will decrease marginally by -0.4%. However, apart from the decline in the export activity of the Greek economy, IOBE observes that the added value of Greek exports proportional to the total export value is below the European average level. What does that mean? According to the report, the import share of Greek exports is greater over time than the average European average, while it has been increasing in recent years. In practice, this means that even for the production of the final products exported by Greece, other intermediate goods are required. Therefore, IOBE demonstrates that the extroversion and strengthening of domestic production at the expense of importing intermediate products from abroad is considered important in turning towards a new model of economic growth. The report notes that over time the share of value added in all exports is declining, especially in Greece. The decrease suggests that exports of goods and services with lower domestic value added or equivalent have increased over the last decade, with a higher import share. In relation to the EU, the biggest difference is in the secondary (industrial) production sector, even reaching 32.6% in 2019.