{"id":10053,"date":"2025-11-08T20:22:20","date_gmt":"2025-11-08T23:22:20","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=10053"},"modified":"2025-11-08T20:22:21","modified_gmt":"2025-11-08T23:22:21","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c11%ec%9b%94-08%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=10053","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(11\uc6d4 08\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n

    \n
  1. \uc678\ud658\uc2dc\uc7a5, \uc548\uc815\uc138 \uc18d \ud658\uc728 \uac04 \uaca9\ucc28 \ucd95\uc18c
    \uc815\ubd80\ud658\uc728\uc740 \ubaa9\uc694\uc77c 1,452 \ud398\uc18c\ub85c \ub9c8\uac10\ud574, \uc548\uc815\uc801\uc778 \ud750\ub984\uc744 \uc720\uc9c0\ud558\uace0 \uc788\ub2e4.
    \uc774\ub294 \ud1b5\ud654 \ud1b5\uc81c\uc640 \ub0ae\uc740 \ubcc0\ub3d9\uc131 \uc18d\uc5d0\uc11c \ub098\ud0c0\ub0ac\ub2e4.
    MEP \ud658\uc728\uc740 1,480.23 \ud398\uc18c, CCL \ud658\uc728\uc740 1,496.66 \ud398\uc18c\ub97c \uae30\ub85d\ud574 \uaca9\ucc28\ub294 \uac01\uac01 1.94%\uc640 3.08%\ub85c \uc881\ud600\uc84c\ub2e4.
    \uc678\ud658\uc2dc\uc7a5\uc758 \ubd84\uc704\uae30\ub294 \uae30\ub300\uac10, \uc678\ud658 \uc720\uc785 \uc99d\uac00, \uc548\uc815\uc801\uc778 \uc678\ubd80 \uae08\uc735 \ud658\uacbd\uc73c\ub85c \ube44\uad50\uc801 \ucc28\ubd84\ud558\ub2e4.
    \uc911\uc559\uc740\ud589\uc758 \uac1c\uc785\uacfc \ud5e4\uc9c0 \uc218\uc694 \uc5b5\uc81c\uac00 \ud658\uc728 \uac04\uc758 \uaca9\ucc28\ub97c \ucd5c\uadfc \uba87\uc8fc \uc911 \ucd5c\uc800 \uc218\uc900\uc73c\ub85c \uc720\uc9c0\ud558\uba70, \ud658\uc728 \uae34\uc7a5 \uc644\ud654 \uc2dc\ub098\ub9ac\uc624\ub97c \uac15\ud654\ud558\uace0 \uc788\ub2e4.<\/li>\n\n\n\n
  2. \ubc00\ub808\uc774 2027\ub144\uae4c\uc9c0 \ubc34\ub4dc \ud658\uc728 \uc81c\ub3c4 \uc720\uc9c0 \ud655\uc778
    \ubc00\ub808\uc774 \ub300\ud1b5\ub839\uc740 \ud30c\uc774\ub0b8\uc15c \ud0c0\uc784\uc2a4\uc640 \uc778\ud130\ubdf0\uc5d0\uc11c \ubc34\ub4dc \ud658\uc728 \uc81c\ub3c4\uac00 \uc801\uc5b4\ub3c4 \uc784\uae30 \ub9d0\uae4c\uc9c0\ub294 \uc720\uc9c0\ub420 \uac83\uc774\ub77c\uace0 \ubc1d\ud614\ub2e4.
    \ub2e4\ub9cc 2027\ub144\uc5d0\ub294 \ubc34\ub4dc \ud3ed\uc774 \ud6e8\uc52c \ub113\uc5b4\uc838 \uc2dc\uac04\uc774 \uc9c0\ub098\uba74 \uc6b0\uc758\ubbf8\ud574\uc9c8 \uac83\uc774\ub77c\uace0 \uc608\uc0c1\ud588\ub2e4.
    \ub300\ud1b5\ub839\uc740, \ubaa9\ud45c\ub294 \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \ub9cc\uc131\uc801\uc778 \ubcc0\ub3d9\uc131\uc744 \uc644\ud654\ud558\ub294 \uac83\uc774\uba70, \uc911\uac04\uc120\uac70 \uacb0\uacfc\uac00 2026\ub144\uc5d0 \uc544\ub974\ud5e8\ud2f0\ub098\uac00 \uad6d\uc81c\uc2dc\uc7a5\uc73c\ub85c \ubcf5\uadc0\ud560 \uac00\ub2a5\uc131\uc5d0 \ub300\ud55c \uacf5\uc2dd\uc801 \ub099\uad00\ub860\uc744 \uac15\ud654\ud55c\ub2e4\uace0 \uc8fc\uc7a5\ud588\ub2e4.
    \uadf8\ub294 \ubbf8\uad6d \uc7ac\ubb34\ubd80\uc758 \uc7ac\uc815 \uc9c0\uc6d0\uc740 \uc804\ub840\uc5c6\ub294 \uc870\uce58\ub77c\uace0 \ud3c9\uac00\ud558\uba70, \uc678\ud658\uc2dc\uc7a5 \uac1c\uc785\uc740 \ubbf8\uad6d \uae30\uad00\uc758 \uc2dc\uae30 \uc801\uc808\ud55c \uc6b4\uc601\uc774\uc5c8\ub2e4\uace0 \ubc1d\ud614\ub2e4.
    \uacbd\uc81c \uacc4\ud68d\uacfc \uad00\ub828\ud558\uc5ec \ubc00\ub808\uc774 \ub300\ud1b5\ub839\uc740 \ud589\uc815\ubd80\uac00 \uc758\ud68c\uc5d0 \uc81c\ucd9c\ud560 \ub178\ub3d9 \ubc0f \uc138\uc81c \uac1c\ud601\uc744 \uc639\ud638\ud558\uba74\uc11c \uacf5\uacf5\uc9c0\ucd9c \uac10\ucd95\uc5d0 \ub300\ud55c \uc9c4\uc804\uc744 \uac15\uc870\ud588\ub2e4.
    \uc774\ubbf8 GDP\uc758 11%\uac00 \uac10\ucd95\ub418\uc5c8\uc73c\uba70, \ubaa9\ud45c\ub294 GDP\uc758 25% \uac10\ucd95\uc774\ub77c\uace0 \ub9d0\ud588\ub2e4.
    \ub300\ud1b5\ub839\uc740 \uacbd\uc81c \ud504\ub85c\uadf8\ub7a8\uc774 \uad73\uac74\ud574\uc9c0\uba74 2026\ub144\ubd80\ud130 \uc5f0\uac04 7~10% \uc0ac\uc774\ub85c \uc131\uc7a5\ud560 \uc218 \uc788\uc73c\uba70, \uc62c\ud574\ub294 4% \uc131\uc7a5\uc774 \uc608\uc0c1\ub41c\ub2e4\uace0 \uc804\ub9dd\ud588\ub2e4.<\/li>\n\n\n\n
  3. \uc544\ub974\ud5e8\ud2f0\ub098 \ucc44\uad8c \ubc0f \uc8fc\uc2dd \ucc28\uc775\uc2e4\ud604
    \uc544\ub974\ud5e8\ud2f0\ub098 \ub2ec\ub7ec \ucc44\uad8c\uc740 \uac70\uc758 1\ub144 \ub9cc\uc5d0 \ucd5c\uace0\uce58 \uc0c1\uc2b9\uc138\ub97c \uc774\uc5b4\uac04 \ud6c4, \ubaa9\uc694\uc77c \ud63c\uc870\uc138\ub97c \ubcf4\uc774\ub2e4\uac00 \uc18c\ud3ed \ud558\ub77d\uc73c\ub85c \ub9c8\uac10\ud588\ub2e4.
    \uc774\ub294 \uae00\ub85c\ubc8c \ud558\ub77d\uc138\uc640 \ud568\uaed8 \ucc28\uc775\uc2e4\ud604 \ub9e4\ubb3c\uc774 \ub098\uc628 \uacb0\uacfc\uc774\ub2e4.
    \uc678\uad6d \ubc95\ub960\uc5d0 \ub530\ub77c \ubc1c\ud589\ub41c \ucc44\uad8c\uc740 \ud3c9\uade0 0.5% \ud558\ub77d\ud588\uace0, \uc774\uc790\uc728\uc740 \uc5f0\uac04 10% \uc218\uc900\uc744 \uc720\uc9c0\ud588\ub2e4.
    AL38\uc740 11\uc6d4\uc5d0 33% \uc774\uc0c1 \uc0c1\uc2b9\ud588\uace0, CER \ucc44\uad8c\uacfc \ub2ec\ub7ec \uc5f0\ub3d9 \ucc44\uad8c\uc740 \uc81c\ud55c\uc801\uc778 \uc0c1\uc2b9\uc744 \ubcf4\uc600\ub2e4.
    \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc758 ADR\uc740 4% \uc774\uc0c1 \ud558\ub77d\ud588\uc73c\uba70, \uad6d\ub0b4\uc758 Merval \uc9c0\uc218\ub294 2.5% \ub5a8\uc5b4\uc84c\ub2e4.<\/li>\n\n\n\n
  4. \uc544\ub974\ud5e8\ud2f0\ub098 – \ube0c\ub77c\uc9c8 \ubb34\uc5ed, 1\ub144 \uc774\uc0c1 \uc0c1\uc2b9 \ud6c4 10\uc6d4\uc740 \uac10\uc18c
    \uc544\ub974\ud5e8\ud2f0\ub098\uc640 \ube0c\ub77c\uc9c8 \uac04\uc758 \ubb34\uc5ed\uc740 10\uc6d4 \uc5f0\uac04 3.5% \uac10\uc18c\ud574 12\uac1c\uc6d4 \uc774\uc0c1\uc758 \uc5f0\uc18d\uc801\uc778 \uc99d\uac00\uac00 \uba48\ucdc4\ub2e4.
    \uc544\ub974\ud5e8\ud2f0\ub098 \uc0c1\uacf5\ud68c\uc758\uc18c\ub294 \ubcf4\uace0\uc11c\uc5d0\uc11c \uc774\ub294 \uc8fc\ub85c \uc544\ub974\ud5e8\ud2f0\ub098 \uc218\ucd9c \uac10\uc18c\uc5d0 \ub530\ub978 \uacb0\uacfc\ub77c\uace0 \ubc1d\ud614\ub2e4.
    10\uc6d4 \ubb34\uc5ed\uc561\uc740 28\uc5b5 7800\ub9cc \ub2ec\ub7ec\ub85c, \uc791\ub144 10\uc6d4 29\uc5b5 8100\ub9cc \ub2ec\ub7ec\ubcf4\ub2e4 \uc801\uc5c8\ub2e4.
    \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0\uc11c \ube0c\ub77c\uc9c8\ub85c \uc218\ucd9c\uc740 12\uc5b5 3800\ub9cc \ub2ec\ub7ec\ub85c, \uc5f0\uac04 13.5% \uac10\uc18c (4\uac1c\uc6d4 \uc5f0\uc18d)\ud588\uc9c0\ub9cc, 9\uc6d4\ubcf4\ub2e4\ub294 0.1% \uc99d\uac00\ud574 \ub450\ub2ec \uc5f0\uc18d \uc18c\ud3ed \uc99d\uac00\ud588\ub2e4.
    \ube0c\ub77c\uc9c8\ub85c \uc218\uc785\uc740 16\uc5b5 3900\ub9cc \ub2ec\ub7ec\ub85c \uc5f0\uac04 5.8% \uc99d\uac00\ud588\uc9c0\ub9cc, \uc62c\ud574\ub4e4\uc5b4 \uac00\uc7a5 \ub0ae\uc740 \uc99d\uac00\uc728\uc774\uc5c8\uace0, \uc804\uc6d4 \ub300\ube44 9.6% \uac10\uc18c\ud588\ub2e4.
    \uc544\ub974\ud5e8\ud2f0\ub098\uc758 10\uc6d4 \ub300 \ube0c\ub77c\uc9c8 \uc218\uc9c0\ub294 4\uc5b5 100\ub9cc \ub2ec\ub7ec \uc801\uc790\uc774\ub2e4.
    \uc62c\ud574 10\uac1c\uc6d4 \ub3d9\uc548 \ub300 \ube0c\ub77c\uc9c8 \ubb34\uc5ed\uc218\uc9c0 \uc801\uc790\ub294 51\uc5b5 2100\ub9cc \ub2ec\ub7ec\ub85c, 2024\ub144 \ub3d9\uae30\uc758 50\uc5b5 6900\ub9cc \ub2ec\ub7ec\uc640 \ube44\uc2b7\ud55c \uc561\uc218\uc774\ub2e4.
    \uc77c\uc2dc\uc801\uc778 \uac10\uc18c\uc5d0\ub3c4 \ube0c\ub77c\uc9c8\uc740 \uc218\ucd9c\uacfc \uc218\uc785 \ubaa8\ub450\uc5d0\uc11c \uc8fc\uc694 \uad50\uc5ed\uad6d\uc774\uc9c0\ub9cc, \uc62c\ud574 \uc0c1\ubc18\uae30 \uac15\ud55c \uc5ed\ub3d9\uc801 \uc774\ud6c4 \ub454\ud654 \uc870\uc9d0\uc744 \ubcf4\uc774\uace0\uc788\ub2e4.<\/li>\n\n\n\n
  5. \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8 \uc8fc\uac04 \ud558\ub77d \ud655\ub300
    \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc758 \uc8fc\uc694 \uc9c0\uc218\ub294 \uae08\uc694\uc77c \uac1c\uc7a5 \uc804 \uc18c\ud3ed \ud558\ub77d\ud558\uba70 \ud55c\uc8fc\ub97c \ub9c8\uac10 \ud558\uace0\uc788\ub2e4.
    \uae30\uc220 \ub300\uae30\uc5c5 \uc2e4\uc801 \ubc1c\ud45c \uc774\ud6c4 \uc218\uc775\uc131\uc5d0 \ub300\ud55c \uc758\ubb38\uc774 \uc81c\uae30\ub418\uace0 \ubc38\ub958\uc5d0\uc774\uc158 (\ub0b4\uc7ac\uc801 \uac00\uce58 \ud3c9\uac00) \uac70\ud488 \uac00\ub2a5\uc131\uc5d0 \uad00\ud55c \ub17c\uc7c1\uc774 \ub2e4\uc2dc \ubd88\uac70\uc84c\ub2e4.
    \uc8fc\uac04 \uae30\uc900\uc73c\ub85c S&P 500\uc740 1.75%, \ub2e4\uc6b0\uc874\uc2a4 1.37%, \ub098\uc2a4\ub2e5 2.8% \uac01\uac01 \ud558\ub77d\ud588\ub2e4.
    \uc911\uad6d \uc218\ucd9c\uc774 10\uc6d4\uc5d0 1.1% \uac10\uc18c\ud574 2\uc6d4 \uc774\ud6c4 \ucd5c\uc800\ub97c \ubcf4\uc774\uba74\uc11c \ubd80\uc815\uc801\uc778 \uae30\ub958\ub97c \uc870\uc131\ud588\ub2e4.
    \uc774 \ub370\uc774\ud130\ub294 \uc138\uacc4 \ubb34\uc5ed \ub454\ud654\uc640 \uc8fc\uc694 \uad6d\uac00 \uac04\uc758 \ubb34\uc5ed \uae34\uc7a5\uc774 \uc9c0\uc18d\ub420 \uacbd\uc6b0 \ubca0\uc774\uc9d5\uc774 \ucc44\ud0dd\ud560 \uacbd\uc81c \uc804\ub7b5\uc758 \ubd88\ud655\uc2e4\uc131\uc5d0 \ub300\ud55c \uc6b0\ub824\ub97c \ub2e4\uc2dc \ubd88\ub7ec\uc654\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":10054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-10053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-noticias-argentina","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/10053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10053"}],"version-history":[{"count":0,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/10053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/10054"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}