{"id":10778,"date":"2025-12-13T16:03:41","date_gmt":"2025-12-13T19:03:41","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=10778"},"modified":"2025-12-13T16:03:43","modified_gmt":"2025-12-13T19:03:43","slug":"%ea%b2%bd%ec%a0%9c-%ec%86%8c%ec%8b%9d-2-%ea%b8%88%ec%a3%bc%ec%9d%98-%eb%b3%b4%ea%b3%a0%ec%84%9c","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=10778","title":{"rendered":"[\uacbd\uc81c \uc18c\uc2dd 2] \uae08\uc8fc\uc758 \ubcf4\uace0\uc11c"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uae08\uc8fc\uc758 \ubcf4\uace0\uc11c<\/p>\n\n\n\n

\uc778\ud50c\ub808\uc774\uc158 \ub3d9\ud5a5
\uacbd\uace0 \uc218\uc900: \ub178\ub780\ubd88
11\uc6d4\uc758 \uc778\ud50c\ub808\uc774\uc158 \uc218\uce58\ub294 \ub2e8\uc21c\ud788 \ub098\uc05c \uacb0\uacfc\ub97c \ub118\uc5b4 \u201c\ubd80\uc815\uc801\uc778 \uc2e0\ud638\u201d\ub85c \ud574\uc11d\ub41c\ub2e4. \uc774\ub294 \ubc00\ub808\uc774 \uc815\ubd80 \ucd9c\ubc94 \uc774\ud6c4 \ucd5c\uc545\uc758 \uc2e0\ud638 \uc911 \ud558\ub098\ub85c, 6\uac1c\uc6d4 \uc5f0\uc18d \uc778\ud50c\ub808\uc774\uc158 \uac00\uc18d\ud654, \uadf8\ub9ac\uace0 2024\ub144 5\uc6d4 \uc774\ud6c4 \ucc98\uc74c\uc73c\ub85c \uc804\ub144 \ub300\ube44 \uc778\ud50c\ub808\uc774\uc158\uc774 \ub2e4\uc2dc \uc0c1\uc2b9\uc138\ub85c \ub3cc\uc544\uc130\uae30 \ub54c\ubb38\uc774\ub2e4.
11\uc6d4 \uc6d4\uac04 \uc778\ud50c\ub808\uc774\uc158\uc740 2.5%, \uc774\ub294 4\uc6d4(2.8%) \uc774\ud6c4 \ucd5c\uace0\uce58\uc774\uba70, \ub2f9\uc2dc\uc5d0\ub294 \uac1c\uc778 \uc678\ud658\uac70\ub798 \uc81c\ud55c(CEPO) \ud574\uc81c\uac00 \uc774\ub8e8\uc5b4\uc84c\ub358 \ub2ec\uc774\uc5c8\ub2e4.
\uc2dd\ub8cc\ud488 \ubb3c\uac00\uac00 4.1%, \uae30\ubcf8 \uc0dd\ud544\ud488 \ubb3c\uac00\uac00 3.6% \uc0c1\uc2b9\ud558\uc5ec, \uac00\uaca9 \uc0c1\uc2b9\uc774 \uc800\uc18c\ub4dd\uce35\uc5d0 \ub354 \ud070 \ucda9\uaca9\uc744 \uc8fc\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4.
\ud575\uc2ec \uc778\ud50c\ub808\uc774\uc158(\uacc4\uc808\u00b7\uaddc\uc81c \uc694\uc778 \uc81c\uc678)\uc740 2.6%\ub85c, 6\uc6d4\uc758 1.5% \ub300\ube44 \ud06c\uac8c \uc0c1\uc2b9\ud588\ub2e4.
\uaddc\uc81c \uac00\uaca9\uc740 2.8%\ub85c \uac00\uc7a5 \ub9ce\uc774 \uc62c\ub790\uc73c\uba70, \uacc4\uc808 \uc694\uc778\uc740 0.4%\ub85c \uc644\ub9cc\ud588\ub2e4.
\uc804\uad6d \uc9c0\ud45c\ub294 \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4\uc2dc\uc758 2.4%\uc640 \ube44\uc2b7\ud55c \ud750\ub984\uc744 \ubcf4\uc600\uace0, \uadf8 \uc911 \ud575\uc2ec\ubb3c\uac00 2.5%, \uaddc\uc81c 2.7%, \uacc4\uc808 0.9%\uc600\ub2e4.
\ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4\uc758 \uc804\ub144 \ub300\ube44 \uc778\ud50c\ub808\uc774\uc158\uc740 32.6%\ub85c \uc5ec\uc804\ud788 \ub192\uc9c0\ub9cc \ud558\ub77d\uc138\ub97c \uc774\uc5b4\uac00\uace0 \uc788\ub2e4.
\uc804\uad6d\uc801\uc73c\ub85c \uc694\uae08(\uc804\uae30, \uc218\ub3c4, \uac00\uc2a4)\uc774 3.4%\ub85c \uc0c1\uc2b9\uc744 \uc8fc\ub3c4\ud588\uace0, \uad50\ud1b5\ube44 3.0%, \uc2dd\uc74c\ub8cc 2.8%\uac00 \ub4a4\ub97c \uc774\uc5c8\ub2e4.
\ubc18\uba74 \uac00\uc804\uc81c\ud488(1.1%), \uc758\ub958\u00b7\uc2e0\ubc1c(0.5%)\uc740 \uc218\uc785 \uac1c\ubc29\uc73c\ub85c \uac00\uaca9 \uc0c1\uc2b9\uc774 \uc81c\ud55c\ub410\ub2e4.
11\uc6d4\uc740 \ud658\uc728\uc5d0 \ubbfc\uac10\ud55c \ud56d\ubaa9(\uaddc\uc81c \ubc0f \uc218\ucd9c \ud488\ubaa9)\ub4e4\uc774 \uc870\uc815\ub41c \ub2ec\uc774\uc5c8\ub2e4. \uc774\ub294 \u201c\ud604\uc7ac \ud658\uc728 \uc218\uc900\uc774 \ub2e8\uae30\uc801\uc774 \uc544\ub2c8\ub77c \uace0\ucc29\ub420 \uac83\u201d\uc774\ub77c\ub294 \uc2dc\uc7a5 \uc778\uc2dd\uacfc \uad00\ub828 \uc788\ub2e4.
\uc815\ubd80\uc758 \ud1b5\ud654\uc8fc\uc758\uc801 \ub17c\ub9ac\uc5d0 \ub530\ub974\uba74 \ubb3c\uac00 \uc0c1\uc2b9\uc740 \ub450 \uac00\uc9c0 \uc6d0\uc778 \uc911 \ud558\ub098\ub2e4:
\ud1b5\ud654 \uacf5\uae09 \uc99d\uac00 (\uae08\uc735 \uc815\ucc45\uc774 \uc81c\ub300\ub85c \uc791\ub3d9\ud558\uc9c0 \uc54a\uc74c), \ud1b5\ud654 \uc218\uc694 \uac10\uc18c (\uc989, \ud398\uc18c\uc640 \uacbd\uc81c\uc815\ucc45\uc5d0 \ub300\ud55c \uc2e0\ub8b0 \uc57d\ud654).
11\uc6d4\uc740 \ucd1d\uc120 \uc2b9\ub9ac\uc758 \ub2ec\ub85c, \ub2e8\uc21c\ud55c \ud1b5\ud654\uc694\uc778\ub9cc\uc73c\ub85c \uc124\uba85\ud558\uae30\uc5d4 \ud55c\uacc4\uac00 \uc788\ub2e4.
\ubcf4\ub2e4 \ub113\uc740 \uc2dc\uac01\uc5d0\uc11c \ubcf4\uba74, \uc778\ud50c\ub808\uc774\uc158 \uac00\uc18d\uc740 \uacbd\uc81c\uc815\ucc45\uc758 \uc2e0\ub8b0 \uc0c1\uc2e4\uacfc \uad00\ub828\ub41c\ub2e4.
\uc120\uac70 \ub9ac\uc2a4\ud06c\ub294 \uc81c\uac70\ub410\uc9c0\ub9cc, \uc678\ud658\ubcf4\uc720\uc561\uc740 \uc5ec\uc804\ud788 \ub9c8\uc774\ub108\uc2a4, \uc790\ubcf8\ud1b5\uc81c\ub294 \uc720\uc9c0, \uc815\ubd80\ub294 \uac1c\ud601\uc5d0 \uc18c\uadf9\uc801\uc774\ub2e4.
\uc774\ub7f0 \ubd88\uc2e0\uc740 2018\ub144 \uc774\ud6c4 \ucc98\uc74c\uc73c\ub85c \uc678\ud654\ucc44 \uc2dc\uc7a5\uc5d0 \ubcf5\uadc0\ud55c \uacb0\uacfc\uc5d0\ub3c4 \ubc18\uc601\ub410\ub2e4.
\uc815\ubd80\ub294 1\uc6d4 \ub9cc\uae30 \ucc44\ubb34 \uc77c\ubd80\ub97c \ucda9\ub2f9\ud558\uae30 \uc704\ud574 \ub2ec\ub7ec \ud45c\uc2dc \ucc44\uad8c\uc744 \uad6d\ub0b4\ubc95 \ud558\uc5d0 \ubc1c\ud589\ud588\ub2e4.
\ud574\uc678\ubc95 \ucc44\uad8c\uc774 \ud22c\uc790\uc790\uc5d0\uac8c \ub354 \ub9e4\ub825\uc801\uc774\uc5c8\uaca0\uc9c0\ub9cc, \uad6d\ud68c \uc2b9\uc778 \ubb38\uc81c\ub97c \ud53c\ud558\uae30 \uc704\ud574 \uad6d\ub0b4\ubc95\uc744 \uc120\ud0dd\ud588\ub2e4.
\uc2e0\uaddc \ubc1c\ud589\ucc44\uad8c AN29\ub294 2029\ub144 11\uc6d4 \ub9cc\uae30, 6.5% \ucfe0\ud3f0, \ubc18\uae30 \uc774\uc790 \uc9c0\uae09, \ucd1d 9\uc5b51\ucc9c\ub9cc \ub2ec\ub7ec \ubc1c\ud589, \uc218\uc775\ub960 9.26%, \uc989 1\uc6d4 \ub9cc\uae30 \ucc44\ubb34\uc758 34%\ub9cc \ucda9\ub2f9\ud588\ub2e4.
\uc815\ubd80\ub294 \ucd5c\uc18c 10\uc5b5 \ub2ec\ub7ec, \uae08\ub9ac 9% \uc774\ud558\ub97c \ubaa9\ud45c\ub85c \ud588\uc73c\ub098 \ub2ec\uc131\ud558\uc9c0 \ubabb\ud588\ub2e4.
\uc774\ub294 \uc608\uc0c1\ubcf4\ub2e4 \uc800\uc870\ud55c \uc218\uc694\ub85c \uc815\ubd80\uc758 \uae30\ub300\uc5d0 \ubabb \ubbf8\uce58\ub294 \uacb0\uacfc\uc600\ub2e4.
\uc815\ubd80\ub294 \uacbd\ub9e4 \uc804, \uacb0\uacfc\ub97c \uac1c\uc120\ud558\uae30 \uc704\ud574 \uc5ec\ub7ec \uc870\uce58\ub97c \ucde8\ud588\ub2e4.
\uc608: \uacf5\uc801\u00b7\ube44\uacf5\uc801 \ub2ec\ub7ec\ub85c\ub3c4 \uc785\ucc30 \ud5c8\uc6a9, \u201c\uad50\ucc28\uc81c\ud55c \ud574\uc81c\u201d(15\uc77c \ubcf4\uc720 \uc870\uac74 \uc644\ud654) \ub4f1.
\uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc751\ucc30 \uaddc\ubaa8\ub294 \uae30\ub300 \uc774\ud558\uc600\ub2e4.
\uc815\ubd80\ub294 \uae08\ub9ac \uc218\uc900(9.26%)\uc744 \uc790\ub791\ud560 \uc218 \uc788\uc73c\ub098, \uc774\ub294 \ub9ac\uc2a4\ud06c \ud504\ub9ac\ubbf8\uc5c4(\uc57d 10.5%) \ub300\ube44 \uc5ec\uc804\ud788 \ub0ae\uc9c0 \uc54a\ub2e4.
\ub2e4\uc2dc \ub9d0\ud574 \uc2dc\uc7a5 \uc2e0\ub8b0 \ud68c\ubcf5\uc740 \uc544\uc9c1 \uc694\uc6d0\ud558\ub2e4.
\ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4\uc2dc\ub294 7.8%, Santa Fe \uc8fc\ub294 8.1%\ub85c \ub354 \ub098\uc740 \uc870\uac74\uc5d0\uc11c \uc678\ucc44\ub97c \ubc1c\ud589\ud588\ub2e4.
\ub530\ub77c\uc11c \uc5f0\ubc29\uc815\ubd80\uc758 \uc2e0\uc6a9\ub3c4\ub294 \uc9c0\ubc29\uc815\ubd80\ubcf4\ub2e4 \ub354 \ucde8\uc57d\ud568\uc744 \ubcf4\uc5ec\uc900\ub2e4.
\ud55c\ud3b8, \uad6d\ucc44 \ub864\uc624\ubc84(\uac31\uc2e0\uc728)\uc740 102%\ub97c \uae30\ub85d\ud588\uc73c\ub098, CER (\uae30\uc900\uc548\uc815\uacc4\uc218, \uc911\uc559\uc740\ud589\uc774 \ubc1c\ud45c\ud568) \uc5f0\ub3d9\ucc44\uc5d0 \uc9d1\uc911\ub41c \ubaa8\uc2b5\uc774\uc5c8\ub2e4 (\uc804\uccb4\uc758 50.3%).
LECAP \ucc44\uad8c \uae08\ub9ac\ub294 2.3~2.4% \uc218\uc900\uc73c\ub85c \ub9c8\uac10\ub410\ub2e4.
\ud658\uc728\uc2dc\uc7a5\uc740 \uc548\uc815\uc801\uc774\uc5c8\uace0, \ud658\uc728\uc740 \uc57d 1,440\ud398\uc18c \uc218\uc900\uc5d0\uc11c \ud6a1\ubcf4\ud588\ub2e4.
\uc218\ucd9c\uc138 \uc778\ud558 \ubc1c\ud45c\ub294 \uc678\ud654\uacf5\uae09\uc5d0 \ud070 \uc601\ud5a5\uc774 \uc5c6\uc5c8\uace0, \uad00\uad11\uc218\uc694 \uc99d\uac00\ub85c \uc778\ud574 BCRA\uac00 \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud558\uae30\ub294 \ub354 \uc5b4\ub824\uc6cc\uc84c\ub2e4.
\uc218\ud655\uae30 \uc804(4\uc6d4 \uc774\uc804)\uc5d0 \ub2ec\ub7ec\ub97c \ud655\ubcf4\ud558\uc9c0 \ubabb\ud558\uba74 \uc704\ud5d8\ud560 \uc218 \uc788\uc74c\uc744 \uc9c0\uc801\ud55c\ub2e4.
\uc81c\uc870\uc5c5 \uc9c0\ud45c(IPIM)\uc740 \uc804\ub144 \ub300\ube44 -2.9%, \uacc4\uc808\uc870\uc815 \uae30\uc900\uc73c\ub85c \uc804\uc6d4 \ub300\ube44 -0.8% \ud558\ub77d.
10\uac1c\uc6d4 \uc911 6\uac1c\uc6d4 \ud558\ub77d\uc73c\ub85c, \ub450 \ubc88\uc9f8 \u2018\uc0b0\uc5c5 \uce68\uccb4\uae30\u2019\uc5d0 \uc9c4\uc785\ud55c \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.
\uc0b0\uc5c5\ubcc4\ub85c \ubcf4\uba74:
\uc12c\uc720\uc81c\ud488 -24.0%,
\uc758\ub958\u00b7\uc2e0\ubc1c -15.1%,
\uac00\uc8fd\u00b7\ud50c\ub77c\uc2a4\ud2f1 -12.0%,
\uc2dd\uc74c\ub8cc -1.7%,
\uc11d\uc720\uc815\uc81c +3.2%,
\uc6b4\uc1a1\uc7a5\ube44 +11.4% \ub4f1.
\uc12c\uc720\uc0b0\uc5c5\uc740 \ud310\ub9e4 \ubd80\uc9c4\uc73c\ub85c \uacf5\uc7a5 \uac00\ub3d9 \uc911\ub2e8 \uc0ac\ud0dc\uac00 \ubc1c\uc0dd\ud588\uace0, \uc758\ub958\u00b7\uc2e0\ubc1c\uc5c5\uc740 \ub0b4\uc218 \uc704\ucd95 + \uc218\uc785 \uc99d\uac00\uc758 \uc774\uc911 \ud0c0\uaca9\uc744 \ubc1b\uc558\ub2e4.
\ud50c\ub77c\uc2a4\ud2f1\u00b7\uace0\ubb34\uc81c\ud488\uc740 \uc18c\ube44 \uac10\uc18c\ub85c -12%,
\uc790\ub3d9\ucc28\uc0b0\uc5c5\uc740 -4.1%, \uad6d\ub0b4 \ud310\ub9e4 -26.5%, \uc218\ucd9c -39.3%\ub85c \uae09\uac10\ud588\ub2e4.
\uc720\uc77c\ud55c \uc644\ub9cc\ud55c \ud638\uc870\ub294 \uc6b4\uc1a1\uc7a5\ube44(+11.4%), \uc11d\uc720\uc815\uc81c(+3.2%) \uc815\ub3c4\uc600\ub2e4.
\uc81c\uc870\uc5c5\uc758 \uce68\uccb4\ub294 \uacbd\uc81c \uc804\ubc18\uc758 \ucd95\uc18c\ub97c \ubc18\uc601\ud560 \ubfd0 \uc544\ub2c8\ub77c, \ubd80\ubb38\ubcc4 \ubd88\uade0\ud615\uc774 \uc2ec\ud654\ub418\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4.
\uc77c\ubd80 \ubd80\ubb38(\ub18d\uc5c5, \uc5d0\ub108\uc9c0, \uae08\uc735)\uc740 \ubc84\ud2f0\uace0 \uc788\uc9c0\ub9cc,
\ub300\ub2e4\uc218 \uc0b0\uc5c5\uc740 \ud6c4\ud1f4\ud558\uac70\ub098 \uc815\uccb4 \uc0c1\ud0dc\ub2e4.
\uc0b0\uc5c5 \uac04 \uc5f0\uacc4(\uac74\uc124\u00b7\uc11c\ube44\uc2a4 \ub4f1)\uc758 \uc57d\ud654\uac00 \uad6c\uc870\uc801 \ubb38\uc81c\ub85c \ud655\ub300\ub418\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc7a5\uae30\uc801\uc778 \uc0dd\uc0b0 \uad6c\uc870 \uc7ac\ud3b8\uc758 \uc9d5\ud6c4\ub85c \uc77d\ud78c\ub2e4.
UIA(\uc544\ub974\ud5e8\ud2f0\ub098 \uc0b0\uc5c5\uc5f0\ud569\ud68c) \uc790\ub8cc\uc5d0 \ub530\ub974\uba74,
\uc870\uc0ac \ub300\uc0c1 \uc81c\uc870\uae30\uc5c5\uc758 \uc808\ubc18 \uac00\uae4c\uc774\uac00 \uc138\uae08\u00b7\ubd80\ucc44\u00b7\uae09\uc5ec \ub4f1 \uc9c0\uae09\uc5d0 \uc5b4\ub824\uc6c0\uc744 \uacaa\uace0 \uc788\ub2e4.
\uc791\ub144 10\uc6d4\uc5d4 40%\uc600\uc73c\ub098 \uc62c\ud574 50%\uc5d0 \uadfc\uc811\ud588\ub2e4.
\ubc18\uba74, \uac74\uc124 \ubd80\ubb38\uc740 \uc0b0\uc5c5\uacfc \ub2ec\ub9ac 10\uc6d4\uc5d0 \ubc18\ub4f1,
\uc6d4\uac04 +8.0%, \uc5f0\uac04 +10.1% \uc0c1\uc2b9\ud588\uc9c0\ub9cc,
\uadf8\ub7ec\ub098 11\uc6d4\uc5d0\ub294 \ub2e4\uc2dc -5.5% \ud558\ub77d\uc73c\ub85c \uc804\ud658\ud574
\uacb0\uad6d \uc81c\uc870\uc5c5\uacfc \uac74\uc124\uc5c5 \ubaa8\ub450 \uc815\uad8c \uad50\uccb4 \uc804 \uc218\uc900\ubcf4\ub2e4 5~20\ud3ec\uc778\ud2b8 \ub0ae\uc740 \uc218\uc900\uc5d0 \uba38\ubb3c\uace0 \uc788\ub2e4.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\uae08\uc8fc\uc758 \ubcf4\uace0\uc11c \uc778\ud50c\ub808\uc774\uc158 \ub3d9\ud5a5\uacbd\uace0 \uc218\uc900: \ub178\ub780\ubd8811\uc6d4\uc758 \uc778\ud50c\ub808\uc774\uc158 \uc218\uce58\ub294 \ub2e8\uc21c\ud788 \ub098\uc05c \uacb0\uacfc\ub97c \ub118\uc5b4 \u201c\ubd80\uc815\uc801\uc778 \uc2e0\ud638\u201d\ub85c \ud574\uc11d\ub41c\ub2e4. \uc774\ub294 \ubc00\ub808\uc774 \uc815\ubd80 \ucd9c\ubc94 \uc774\ud6c4 \ucd5c\uc545\uc758 \uc2e0\ud638 \uc911 \ud558\ub098\ub85c, 6\uac1c\uc6d4 \uc5f0\uc18d \uc778\ud50c\ub808\uc774\uc158 \uac00\uc18d\ud654, \uadf8\ub9ac\uace0 2024\ub144 5\uc6d4 \uc774\ud6c4 \ucc98\uc74c\uc73c\ub85c \uc804\ub144 \ub300\ube44 \uc778\ud50c\ub808\uc774\uc158\uc774 \ub2e4\uc2dc \uc0c1\uc2b9\uc138\ub85c \ub3cc\uc544\uc130\uae30 \ub54c\ubb38\uc774\ub2e4.11\uc6d4 \uc6d4\uac04 \uc778\ud50c\ub808\uc774\uc158\uc740 2.5%, \uc774\ub294 4\uc6d4(2.8%) \uc774\ud6c4 \ucd5c\uace0\uce58\uc774\uba70, \ub2f9\uc2dc\uc5d0\ub294 \uac1c\uc778 \uc678\ud658\uac70\ub798 \uc81c\ud55c(CEPO) \ud574\uc81c\uac00 \uc774\ub8e8\uc5b4\uc84c\ub358 \ub2ec\uc774\uc5c8\ub2e4.\uc2dd\ub8cc\ud488 \ubb3c\uac00\uac00 4.1%, \uae30\ubcf8 \uc0dd\ud544\ud488 \ubb3c\uac00\uac00 3.6% \uc0c1\uc2b9\ud558\uc5ec, \uac00\uaca9 \uc0c1\uc2b9\uc774 \uc800\uc18c\ub4dd\uce35\uc5d0 \ub354 \ud070 \ucda9\uaca9\uc744 \uc8fc\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4.\ud575\uc2ec \uc778\ud50c\ub808\uc774\uc158(\uacc4\uc808\u00b7\uaddc\uc81c \uc694\uc778 \uc81c\uc678)\uc740 2.6%\ub85c, 6\uc6d4\uc758 1.5% \ub300\ube44 \ud06c\uac8c \uc0c1\uc2b9\ud588\ub2e4.\uaddc\uc81c \uac00\uaca9\uc740 2.8%\ub85c \uac00\uc7a5 \ub9ce\uc774 \uc62c\ub790\uc73c\uba70, \uacc4\uc808 \uc694\uc778\uc740 0.4%\ub85c \uc644\ub9cc\ud588\ub2e4.\uc804\uad6d \uc9c0\ud45c\ub294 \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4\uc2dc\uc758 2.4%\uc640 \ube44\uc2b7\ud55c \ud750\ub984\uc744 \ubcf4\uc600\uace0, \uadf8 \uc911 \ud575\uc2ec\ubb3c\uac00 2.5%, \uaddc\uc81c 2.7%, \uacc4\uc808 0.9%\uc600\ub2e4.\ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4\uc758 \uc804\ub144 \ub300\ube44 \uc778\ud50c\ub808\uc774\uc158\uc740 32.6%\ub85c \uc5ec\uc804\ud788 \ub192\uc9c0\ub9cc \ud558\ub77d\uc138\ub97c \uc774\uc5b4\uac00\uace0 \uc788\ub2e4.\uc804\uad6d\uc801\uc73c\ub85c \uc694\uae08(\uc804\uae30, \uc218\ub3c4, \uac00\uc2a4)\uc774 3.4%\ub85c \uc0c1\uc2b9\uc744 \uc8fc\ub3c4\ud588\uace0, \uad50\ud1b5\ube44 3.0%, \uc2dd\uc74c\ub8cc 2.8%\uac00 \ub4a4\ub97c \uc774\uc5c8\ub2e4.\ubc18\uba74 \uac00\uc804\uc81c\ud488(1.1%), \uc758\ub958\u00b7\uc2e0\ubc1c(0.5%)\uc740 \uc218\uc785 \uac1c\ubc29\uc73c\ub85c \uac00\uaca9 \uc0c1\uc2b9\uc774 \uc81c\ud55c\ub410\ub2e4.11\uc6d4\uc740 \ud658\uc728\uc5d0 \ubbfc\uac10\ud55c \ud56d\ubaa9(\uaddc\uc81c \ubc0f \uc218\ucd9c \ud488\ubaa9)\ub4e4\uc774 \uc870\uc815\ub41c \ub2ec\uc774\uc5c8\ub2e4. \uc774\ub294 \u201c\ud604\uc7ac \ud658\uc728 \uc218\uc900\uc774 \ub2e8\uae30\uc801\uc774 \uc544\ub2c8\ub77c \uace0\ucc29\ub420 \uac83\u201d\uc774\ub77c\ub294 \uc2dc\uc7a5 \uc778\uc2dd\uacfc \uad00\ub828 \uc788\ub2e4.\uc815\ubd80\uc758 \ud1b5\ud654\uc8fc\uc758\uc801 \ub17c\ub9ac\uc5d0 \ub530\ub974\uba74 \ubb3c\uac00 \uc0c1\uc2b9\uc740 \ub450 \uac00\uc9c0 \uc6d0\uc778 \uc911 \ud558\ub098\ub2e4:\ud1b5\ud654 \uacf5\uae09 \uc99d\uac00 (\uae08\uc735 \uc815\ucc45\uc774 \uc81c\ub300\ub85c \uc791\ub3d9\ud558\uc9c0 \uc54a\uc74c), \ud1b5\ud654 \uc218\uc694 \uac10\uc18c (\uc989, \ud398\uc18c\uc640 \uacbd\uc81c\uc815\ucc45\uc5d0 \ub300\ud55c \uc2e0\ub8b0 \uc57d\ud654).11\uc6d4\uc740 \ucd1d\uc120 \uc2b9\ub9ac\uc758 \ub2ec\ub85c, \ub2e8\uc21c\ud55c \ud1b5\ud654\uc694\uc778\ub9cc\uc73c\ub85c \uc124\uba85\ud558\uae30\uc5d4 \ud55c\uacc4\uac00 \uc788\ub2e4.\ubcf4\ub2e4 \ub113\uc740 \uc2dc\uac01\uc5d0\uc11c \ubcf4\uba74, \uc778\ud50c\ub808\uc774\uc158 \uac00\uc18d\uc740 \uacbd\uc81c\uc815\ucc45\uc758 \uc2e0\ub8b0 \uc0c1\uc2e4\uacfc \uad00\ub828\ub41c\ub2e4.\uc120\uac70 \ub9ac\uc2a4\ud06c\ub294 \uc81c\uac70\ub410\uc9c0\ub9cc, \uc678\ud658\ubcf4\uc720\uc561\uc740 \uc5ec\uc804\ud788 \ub9c8\uc774\ub108\uc2a4, \uc790\ubcf8\ud1b5\uc81c\ub294 \uc720\uc9c0, \uc815\ubd80\ub294 \uac1c\ud601\uc5d0 \uc18c\uadf9\uc801\uc774\ub2e4.\uc774\ub7f0 \ubd88\uc2e0\uc740 2018\ub144 \uc774\ud6c4 \ucc98\uc74c\uc73c\ub85c \uc678\ud654\ucc44 \uc2dc\uc7a5\uc5d0 \ubcf5\uadc0\ud55c \uacb0\uacfc\uc5d0\ub3c4 \ubc18\uc601\ub410\ub2e4.\uc815\ubd80\ub294 1\uc6d4 \ub9cc\uae30 \ucc44\ubb34 \uc77c\ubd80\ub97c \ucda9\ub2f9\ud558\uae30 \uc704\ud574 \ub2ec\ub7ec \ud45c\uc2dc \ucc44\uad8c\uc744 \uad6d\ub0b4\ubc95 \ud558\uc5d0 \ubc1c\ud589\ud588\ub2e4.\ud574\uc678\ubc95 \ucc44\uad8c\uc774 \ud22c\uc790\uc790\uc5d0\uac8c \ub354 \ub9e4\ub825\uc801\uc774\uc5c8\uaca0\uc9c0\ub9cc, \uad6d\ud68c \uc2b9\uc778 \ubb38\uc81c\ub97c \ud53c\ud558\uae30 \uc704\ud574 \uad6d\ub0b4\ubc95\uc744 \uc120\ud0dd\ud588\ub2e4.\uc2e0\uaddc \ubc1c\ud589\ucc44\uad8c AN29\ub294 2029\ub144 11\uc6d4 \ub9cc\uae30, 6.5% \ucfe0\ud3f0, \ubc18\uae30 \uc774\uc790 \uc9c0\uae09, \ucd1d 9\uc5b51\ucc9c\ub9cc \ub2ec\ub7ec \ubc1c\ud589, \uc218\uc775\ub960 9.26%, \uc989 1\uc6d4 \ub9cc\uae30 \ucc44\ubb34\uc758 34%\ub9cc \ucda9\ub2f9\ud588\ub2e4.\uc815\ubd80\ub294 \ucd5c\uc18c 10\uc5b5 \ub2ec\ub7ec, \uae08\ub9ac 9% \uc774\ud558\ub97c \ubaa9\ud45c\ub85c \ud588\uc73c\ub098 \ub2ec\uc131\ud558\uc9c0 \ubabb\ud588\ub2e4.\uc774\ub294 \uc608\uc0c1\ubcf4\ub2e4 \uc800\uc870\ud55c \uc218\uc694\ub85c \uc815\ubd80\uc758 \uae30\ub300\uc5d0 \ubabb \ubbf8\uce58\ub294 \uacb0\uacfc\uc600\ub2e4.\uc815\ubd80\ub294 \uacbd\ub9e4 \uc804, \uacb0\uacfc\ub97c \uac1c\uc120\ud558\uae30 \uc704\ud574 \uc5ec\ub7ec \uc870\uce58\ub97c \ucde8\ud588\ub2e4.\uc608: \uacf5\uc801\u00b7\ube44\uacf5\uc801 \ub2ec\ub7ec\ub85c\ub3c4 \uc785\ucc30 \ud5c8\uc6a9, \u201c\uad50\ucc28\uc81c\ud55c \ud574\uc81c\u201d(15\uc77c \ubcf4\uc720 \uc870\uac74 \uc644\ud654) \ub4f1.\uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc751\ucc30 \uaddc\ubaa8\ub294 \uae30\ub300 \uc774\ud558\uc600\ub2e4.\uc815\ubd80\ub294 \uae08\ub9ac \uc218\uc900(9.26%)\uc744 \uc790\ub791\ud560 \uc218 \uc788\uc73c\ub098, \uc774\ub294 \ub9ac\uc2a4\ud06c \ud504\ub9ac\ubbf8\uc5c4(\uc57d 10.5%) \ub300\ube44 \uc5ec\uc804\ud788 \ub0ae\uc9c0 \uc54a\ub2e4.\ub2e4\uc2dc \ub9d0\ud574 \uc2dc\uc7a5 \uc2e0\ub8b0 \ud68c\ubcf5\uc740 \uc544\uc9c1 \uc694\uc6d0\ud558\ub2e4.\ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4\uc2dc\ub294 7.8%, Santa Fe \uc8fc\ub294 8.1%\ub85c \ub354 \ub098\uc740 \uc870\uac74\uc5d0\uc11c \uc678\ucc44\ub97c \ubc1c\ud589\ud588\ub2e4.\ub530\ub77c\uc11c \uc5f0\ubc29\uc815\ubd80\uc758 \uc2e0\uc6a9\ub3c4\ub294 \uc9c0\ubc29\uc815\ubd80\ubcf4\ub2e4 \ub354 \ucde8\uc57d\ud568\uc744 \ubcf4\uc5ec\uc900\ub2e4.\ud55c\ud3b8, \uad6d\ucc44 \ub864\uc624\ubc84(\uac31\uc2e0\uc728)\uc740 102%\ub97c \uae30\ub85d\ud588\uc73c\ub098, CER (\uae30\uc900\uc548\uc815\uacc4\uc218, \uc911\uc559\uc740\ud589\uc774 \ubc1c\ud45c\ud568) \uc5f0\ub3d9\ucc44\uc5d0 \uc9d1\uc911\ub41c \ubaa8\uc2b5\uc774\uc5c8\ub2e4 (\uc804\uccb4\uc758 50.3%).LECAP \ucc44\uad8c \uae08\ub9ac\ub294 2.3~2.4% \uc218\uc900\uc73c\ub85c \ub9c8\uac10\ub410\ub2e4.\ud658\uc728\uc2dc\uc7a5\uc740 \uc548\uc815\uc801\uc774\uc5c8\uace0, \ud658\uc728\uc740 \uc57d 1,440\ud398\uc18c \uc218\uc900\uc5d0\uc11c \ud6a1\ubcf4\ud588\ub2e4.\uc218\ucd9c\uc138 \uc778\ud558 \ubc1c\ud45c\ub294 \uc678\ud654\uacf5\uae09\uc5d0 \ud070 \uc601\ud5a5\uc774 \uc5c6\uc5c8\uace0, \uad00\uad11\uc218\uc694 \uc99d\uac00\ub85c \uc778\ud574 BCRA\uac00 \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud558\uae30\ub294 \ub354 \uc5b4\ub824\uc6cc\uc84c\ub2e4.\uc218\ud655\uae30 \uc804(4\uc6d4 \uc774\uc804)\uc5d0 \ub2ec\ub7ec\ub97c \ud655\ubcf4\ud558\uc9c0 \ubabb\ud558\uba74 \uc704\ud5d8\ud560 \uc218 \uc788\uc74c\uc744 \uc9c0\uc801\ud55c\ub2e4.\uc81c\uc870\uc5c5 \uc9c0\ud45c(IPIM)\uc740 \uc804\ub144 \ub300\ube44 -2.9%, \uacc4\uc808\uc870\uc815 \uae30\uc900\uc73c\ub85c \uc804\uc6d4 \ub300\ube44 -0.8% \ud558\ub77d.10\uac1c\uc6d4 \uc911 6\uac1c\uc6d4 \ud558\ub77d\uc73c\ub85c, \ub450 \ubc88\uc9f8 \u2018\uc0b0\uc5c5 \uce68\uccb4\uae30\u2019\uc5d0 \uc9c4\uc785\ud55c \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.\uc0b0\uc5c5\ubcc4\ub85c \ubcf4\uba74:\uc12c\uc720\uc81c\ud488 -24.0%,\uc758\ub958\u00b7\uc2e0\ubc1c -15.1%,\uac00\uc8fd\u00b7\ud50c\ub77c\uc2a4\ud2f1 -12.0%,\uc2dd\uc74c\ub8cc -1.7%,\uc11d\uc720\uc815\uc81c +3.2%,\uc6b4\uc1a1\uc7a5\ube44 +11.4% \ub4f1.\uc12c\uc720\uc0b0\uc5c5\uc740 \ud310\ub9e4 \ubd80\uc9c4\uc73c\ub85c \uacf5\uc7a5 \uac00\ub3d9 \uc911\ub2e8 \uc0ac\ud0dc\uac00 \ubc1c\uc0dd\ud588\uace0, \uc758\ub958\u00b7\uc2e0\ubc1c\uc5c5\uc740 \ub0b4\uc218 \uc704\ucd95 + \uc218\uc785 \uc99d\uac00\uc758 \uc774\uc911 \ud0c0\uaca9\uc744 \ubc1b\uc558\ub2e4.\ud50c\ub77c\uc2a4\ud2f1\u00b7\uace0\ubb34\uc81c\ud488\uc740 \uc18c\ube44 \uac10\uc18c\ub85c -12%,\uc790\ub3d9\ucc28\uc0b0\uc5c5\uc740 -4.1%, \uad6d\ub0b4 \ud310\ub9e4 -26.5%, \uc218\ucd9c -39.3%\ub85c \uae09\uac10\ud588\ub2e4.\uc720\uc77c\ud55c \uc644\ub9cc\ud55c \ud638\uc870\ub294 \uc6b4\uc1a1\uc7a5\ube44(+11.4%), \uc11d\uc720\uc815\uc81c(+3.2%) \uc815\ub3c4\uc600\ub2e4.\uc81c\uc870\uc5c5\uc758 \uce68\uccb4\ub294 \uacbd\uc81c \uc804\ubc18\uc758 \ucd95\uc18c\ub97c \ubc18\uc601\ud560 \ubfd0 \uc544\ub2c8\ub77c, \ubd80\ubb38\ubcc4 \ubd88\uade0\ud615\uc774 \uc2ec\ud654\ub418\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4.\uc77c\ubd80 \ubd80\ubb38(\ub18d\uc5c5, \uc5d0\ub108\uc9c0, \uae08\uc735)\uc740 \ubc84\ud2f0\uace0 \uc788\uc9c0\ub9cc,\ub300\ub2e4\uc218 \uc0b0\uc5c5\uc740 \ud6c4\ud1f4\ud558\uac70\ub098 \uc815\uccb4 \uc0c1\ud0dc\ub2e4.\uc0b0\uc5c5 \uac04 \uc5f0\uacc4(\uac74\uc124\u00b7\uc11c\ube44\uc2a4 \ub4f1)\uc758 \uc57d\ud654\uac00 \uad6c\uc870\uc801 \ubb38\uc81c\ub85c \ud655\ub300\ub418\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc7a5\uae30\uc801\uc778 \uc0dd\uc0b0 \uad6c\uc870 \uc7ac\ud3b8\uc758 \uc9d5\ud6c4\ub85c \uc77d\ud78c\ub2e4.UIA(\uc544\ub974\ud5e8\ud2f0\ub098 \uc0b0\uc5c5\uc5f0\ud569\ud68c) \uc790\ub8cc\uc5d0 \ub530\ub974\uba74,\uc870\uc0ac \ub300\uc0c1 \uc81c\uc870\uae30\uc5c5\uc758 \uc808\ubc18 \uac00\uae4c\uc774\uac00 \uc138\uae08\u00b7\ubd80\ucc44\u00b7\uae09\uc5ec \ub4f1 \uc9c0\uae09\uc5d0 \uc5b4\ub824\uc6c0\uc744 \uacaa\uace0 \uc788\ub2e4.\uc791\ub144 10\uc6d4\uc5d4 40%\uc600\uc73c\ub098 \uc62c\ud574 50%\uc5d0 \uadfc\uc811\ud588\ub2e4.\ubc18\uba74, \uac74\uc124 \ubd80\ubb38\uc740 \uc0b0\uc5c5\uacfc \ub2ec\ub9ac 10\uc6d4\uc5d0 \ubc18\ub4f1,\uc6d4\uac04 +8.0%, \uc5f0\uac04 +10.1% \uc0c1\uc2b9\ud588\uc9c0\ub9cc,\uadf8\ub7ec\ub098 11\uc6d4\uc5d0\ub294 \ub2e4\uc2dc -5.5% \ud558\ub77d\uc73c\ub85c \uc804\ud658\ud574\uacb0\uad6d \uc81c\uc870\uc5c5\uacfc \uac74\uc124\uc5c5 \ubaa8\ub450 \uc815\uad8c \uad50\uccb4 \uc804 \uc218\uc900\ubcf4\ub2e4 5~20\ud3ec\uc778\ud2b8 \ub0ae\uc740 \uc218\uc900\uc5d0 \uba38\ubb3c\uace0 \uc788\ub2e4.<\/p>\n","protected":false},"author":6,"featured_media":10779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-10778","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\/10778","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=10778"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/10778\/revisions"}],"predecessor-version":[{"id":10780,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/10778\/revisions\/10780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/10779"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}