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EU officials said that the Greek economy is expected to shrink 2.3% this year and 1.3% next year. The country's economy is expected to expand 2.7% in 2017 and 3.1% in 2018.
Under a new reform program, the primary budget targets are a primary deficit of 0.25% of gross domestic product in 2015, a 0.5% surplus in 2016, a 1.75% surplus in 2017 and a 3.5% surplus in 2018.
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