Yerevan/Mediamax/. Economy recovery in Russia and EU is going on at lower rates than forecasted which will exert a negative impact on the Armenian economy within the second half-year, the semiannual report “Statement on Financial Stability” published by the Central Bank (CB) of Armenia  reads.

According to the statement, in case the scenario of international structures on the global growth slowdown comes true Armenia’s economic growth in 2011 may decrease from the planned 4.6% to 2.6% and the state debt/GDP correlation will deteriorate without exceeding 50% limit though, Mediamax reports.

State debt stability stress-scenarios read that the currency inflow to Armenia may reduce and the country will undergo devaluation pressures in case of possible negative developments in the global economy: according to the midterm state expenditures program\'s forecasts, the dram rate will make 382, 400 and 420 drams against USD 1 in 2011, 2012 and 2013 respectively. But in case of the pessimistic scenario, the devaluation will make 10% already this year and Armenian dram will devaluate to 420 drams against USD.

The CB hasn’t registered growth of risks in the stability of the financial system yet.

“The banking system and credit organizations keep on facilitating terms of lending and the growth of economy lending will continue in the first half-year making 18%”, the document reads.