{"id":11175,"date":"2026-01-22T13:20:32","date_gmt":"2026-01-22T16:20:32","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11175"},"modified":"2026-01-22T13:27:01","modified_gmt":"2026-01-22T16:27:01","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c01%ec%9b%94-22%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11175","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(01\uc6d4 21\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \uc544\ub974\ud5e8\ud2f0\ub098 \uc8fc\uc2dd\u00b7\ucc44\uad8c \uac15\ud55c \ubc18\ub4f1
    \uae00\ub85c\ubc8c \uc2dc\uc7a5\uc774 \uc804\ub0a0 \ubc18\ub4f1\ud558\uba74\uc11c \uc544\ub974\ud5e8\ud2f0\ub098 \uc790\uc0b0\uc740 \uc62c\ud574 \ub4e4\uc5b4 \uac00\uc7a5 \uc88b\uc740 \ud558\ub8e8\ub97c \ubcf4\uc600\ub2e4. \uc8fc\uc2dd\uc740 \ub274\uc695 \uc99d\uc2dc\uc5d0\uc11c \ucd5c\ub300 10.1%\uae4c\uc9c0 \uae09\ub4f1\ud588\uc73c\uba70, \ucc44\uad8c\ub3c4 \uc804\ubc18\uc801\uc73c\ub85c \uc0c1\uc2b9\ud588\uace0 \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 \ub2e4\uc2dc \ud55c \ubc88 570bp \uc120\uc744 \ud558\ud68c\ud588\ub2e4.
    \uc774\ub7ec\ud55c \ud658\uacbd \uc18d\uc5d0\uc11c S&P \uba54\ub974\ubc1c \uc9c0\uc218\ub294 \ud398\uc18c \uae30\uc900 3.6%, \ub2ec\ub7ec \uae30\uc900 4.2% \uc0c1\uc2b9\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \ub300\ud45c \uc9c0\uc218\ub294 \ub2ec\ub7ec \uae30\uc900 \uc8fc\uac04 \ub204\uc801 \uc218\uc775\ub960 4.4%\ub97c \uae30\ub85d\ud558\uba70, \ucd5c\uadfc \uba87 \uc8fc\uac04\uc758 \ub192\uc740 \ubcc0\ub3d9\uc131 \uc774\ud6c4 \ubc18\ub4f1 \ud750\ub984\uc744 \uad73\ud614\ub2e4.
    \ucc44\uad8c \uc2dc\uc7a5\uc5d0\uc11c\ub294 \ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44\uac00 \ub300\uccb4\ub85c \uae0d\uc815\uc801\uc778 \uc131\uacfc\ub97c \ubcf4\uc600\uace0, \ud2b9\ud788 \ud574\uc678\ubc95 \uc801\uc6a9 \uae00\ub85c\ubc8c \ucc44\uad8c\ub4e4\uc774 \ub450\ub4dc\ub7ec\uc84c\ub2e4. GD29(+0.8%), GD41(+0.7%), GD38(+0.6%)\uc758 \uc0c1\uc2b9\uc774 \ub208\uc5d0 \ub744\uc5c8\ub2e4. \uc774\ub7ec\ud55c \uc6c0\uc9c1\uc784\uc5d0 \ub530\ub77c \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 8\ud3ec\uc778\ud2b8 \ud558\ub77d\ud574 562bp\ub85c \ub9c8\uac10\ud588\ub2e4.
    \ud398\uc18c \ucc44\uad8c \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uad6c\uac04\ubcc4\ub85c \uc5c7\uac08\ub9b0 \ud750\ub984\uc774 \ub098\ud0c0\ub0ac\ub2e4. \ub2e8\uae30 \uad6c\uac04\uc5d0\uc11c\ub294 \uc81c\ud55c\uc801\uc778 \uc6c0\uc9c1\uc784\uc774 \uad00\uce21\ub41c \ubc18\uba74, \uc7a5\uae30 \uad6c\uac04\uc740 \ub2e4\uc2dc \ub9e4\ub3c4 \uc555\ub825\uc744 \ubc1b\uc558\ub2e4.
    1\uc77c\ubb3c \ucf5c\uae08\ub9ac\ub294 \uc5f0 25%(TNA)\ub85c \ub9c8\uac10\ud588\uc73c\ub098, \uc7a5\uc911 \ud3c9\uade0\uc740 \uc57d \uc5f0 33.5% \uc218\uc900\uc73c\ub85c \ub354 \ub192\uc558\ub2e4. \ub2e8\uae30 LECAP\uacfc BONCAP\uc740 \ub300\uccb4\ub85c \uc548\uc815\uc801\uc778 \ud750\ub984\uc744 \ubcf4\uc600\uace0, \ud3c9\uade0 \uc6d4 \uc720\ud6a8\uae08\ub9ac(TEM)\ub294 3.07% \uc218\uc900\uc774\uc5c8\ub2e4.
    \ubc18\uba74 \uc7a5\uae30 \uad6c\uac04\uc5d0\uc11c\ub294 \uae08\ub9ac\uac00 \uc0c1\uc2b9 \uc870\uc815\ub418\uba70, \uc218\uc775\ub960\uc774 \ud3c9\uade0\uc801\uc73c\ub85c \uc57d 2.5% \ubc94\uc704\uc5d0\uc11c \uc6c0\uc9c1\uc600\ub2e4.
    <\/li>\n\n\n\n
  2. 11\uc6d4 \uacbd\uc81c\ud65c\ub3d9, \ub2e4\uc2dc \ud558\ub77d
    \uacbd\uc81c\ud65c\ub3d9\uc740 11\uc6d4\uc5d0 \ub2e4\uc2dc \ud558\ub77d\ud558\uba70 \uc0ac\uc2e4\uc0c1 1\ub144\uc5d0 \uac00\uae4c\uc6b4 \uc815\uccb4 \uad6d\uba74\uc744 \uc774\uc5b4\uac14\ub2e4.
    \uc5ec\ub2f9\uc774 \uc785\ubc95 \uc120\uac70\uc5d0\uc11c \uc2b9\ub9ac\ud588\uc74c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uacbd\uc81c\ub294 11\uc6d4\uc5d0 \ubc18\ub4f1\ud558\uc9c0 \ubabb\ud588\ub2e4. \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 \uae30\uc900\uc73c\ub85c\ub294 14\uac1c\uc6d4 \ub9cc\uc5d0 \ucc98\uc74c\uc73c\ub85c \ub9c8\uc774\ub108\uc2a4\ub97c \uae30\ub85d\ud588\uc73c\uba70, \uacc4\uc808\uc870\uc815 \uae30\uc900\uc73c\ub85c\ub3c4 \uacbd\uc81c\ub294 \uac70\uc758 1\ub144 \ub3d9\uc548 \uc815\uccb4 \uc0c1\ud0dc\ub97c \ubcf4\uc600\ub2e4.
    \uc6d4\uac04 \uacbd\uc81c\ud65c\ub3d9\uc9c0\uc218(EMAE)\ub294 10\uc6d4 \ub300\ube44 0.3% \ud558\ub77d\ud574 \ub450 \ub2ec \uc5f0\uc18d \uac10\uc18c\ud588\ub2e4. \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 \uc5ed\uc2dc 0.3% \ud558\ub77d\ud558\uba70, 2024\ub144 9\uc6d4 \uc774\ud6c4 \ucc98\uc74c\uc73c\ub85c \ub9c8\uc774\ub108\uc2a4\ub97c \uae30\ub85d\ud588\ub2e4.
    \uc804\ub144 \ub300\ube44 \ud558\ub77d\uc758 \uc8fc\uc694 \uc6d0\uc778\uc740 \uc81c\uc870\uc5c5(-8.2%)\uacfc \uc0c1\uc5c5(-6.4%)\uc758 \uae09\ub77d\uc774\uc5c8\ub2e4. \ub610\ud55c \uc5b4\uc5c5(-25%), \uac74\uc124(-2.3%)\uc758 \uc704\ucd95\ub3c4 \ub450\ub4dc\ub7ec\uc84c\ub2e4.
    \ubc18\uba74 \uae08\uc735\uc911\uac1c(+13.9%), \ub18d\uc5c5(+10.5%), \uc11d\uc720\u00b7\uad11\uc5c5(+7%)\uc740 \uc0c1\ub300\uc801\uc73c\ub85c \uc88b\uc740 \uc131\uacfc\ub97c \ubcf4\uc600\ub2e4. \ub2e4\ub9cc \uc774\ub4e4 \ubd80\ubb38\uc740 \uace0\uc6a9 \ube44\uc911\uc774 \ub0ae\uc544 \uc804\uccb4 \uc77c\uc790\ub9ac\uc758 \uc57d 9%\ub9cc \ucc28\uc9c0\ud558\ub294 \ubc18\uba74, \uac00\uc7a5 \ud070 \ud0c0\uaca9\uc744 \ubc1b\uc740 \uc0b0\uc5c5\u00b7\uc0c1\uc5c5\u00b7\uac74\uc124 \ubd80\ubb38\uc740 \uc804\uccb4 \uace0\uc6a9\uc758 \uc57d 45%\ub97c \ucc28\uc9c0\ud55c\ub2e4.
    \ucd5c\uadfc \uc218\uac1c\uc6d4\uc758 \ubd80\uc9c4\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, 2025\ub144 \ub204\uc801 \uae30\uc900\uc73c\ub85c\ub294 4.5% \uc131\uc7a5\ud588\ub294\ub370, \uc774\ub294 2024\ub144 \uc0c1\ubc18\uae30 \uc2ec\uac01\ud55c \uacbd\uae30\uce68\uccb4\ub85c \uc778\ud55c \ub0ae\uc740 \uae30\uc800\ud6a8\uacfc\uc758 \uc601\ud5a5\uc774 \ud06c\ub2e4.
    <\/li>\n\n\n\n
  3. \uc911\uc559\uc740\ud589(BCRA), \ub2ec\ub7ec \ub9e4\uc785 \uac00\uc18d
    \uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589\uc740 \uc218\uc694\uc77c \uacf5\uc2dd \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c \ub2ec\ub7ec \ub9e4\uc785\uc744 \uac00\uc18d\ud654\ud588\uc73c\uba70, \uc678\ud658\ubcf4\uc720\uc561\uc740 450\uc5b57,700\ub9cc \ub2ec\ub7ec\ub85c \ub9c8\uac10\ud574 \uac70\uc758 4\ub144 \ubc18 \ub9cc\uc5d0 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\ub2e4.
    \uc911\uc559\uc740\ud589\uc740 1\uc6d4 \ub4e4\uc5b4 \ud604\uc7ac\uae4c\uc9c0 8\uc5b5 \ub2ec\ub7ec \uc774\uc0c1\uc744 \ub9e4\uc785\ud588\uc73c\uba70, \ub2f9\uc77c\uc5d0\ub294 \ud604\ubb3c\uc2dc\uc7a5 \uac70\ub798\ub7c9 3\uc5b51,500\ub9cc \ub2ec\ub7ec \uc911 1\/3\uc774 \ub118\ub294 1\uc5b5700\ub9cc \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud588\ub2e4. \uc774\ub85c\uc368 1\uc6d4 \ud55c \ub2ec \ub204\uc801 \ub9e4\uc785\uc561\uc740 8\uc5b52,300\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud588\ub2e4.
    \uc774\ub7ec\ud55c \uc0c1\ud669\uc5d0\uc11c \uc678\ud658\ubcf4\uc720\uc561\uc740 \ud558\ub8e8\uc5d0\ub9cc 2\uc5b5300\ub9cc \ub2ec\ub7ec \uc99d\uac00\ud588\ub294\ub370, \uc774\ub294 \uacf5\uc2dd \ub9e4\uc785\ubfd0 \uc544\ub2c8\ub77c \uae08\uc744 \ud3ec\ud568\ud55c \uae08\uc735\uc790\uc0b0 \uac00\uaca9 \uc0c1\uc2b9\uc758 \uc601\ud5a5\ub3c4 \ucef8\ub2e4. \uae08 \uac00\uaca9\uc740 \ub2e4\uc2dc \uc0ac\uc0c1 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\ub2e4.
    <\/li>\n\n\n\n
  4. \ud658\uc728 \ud558\ub77d\uacfc \u2018\ud658\uc728 \uc548\uc815\u2019\uc758 \uac15\ud654
    \ud658\uc728\uc740 \ub2e4\uc2dc \ud558\ub77d\ud558\uba70 \ud658\uc728 \uc548\uc815 \uad6d\uba74\uc774 \uac15\ud654\ub410\ub2e4. \uc815\ubd80\uac00 \uc2e4\uc9c8\uae08\ub9ac\ub97c \ub192\uc740 \uc218\uc900\uc73c\ub85c \uc720\uc9c0\ud558\ub294 \uc804\ub7b5\uc744 \ud575\uc2ec \uc815\ucc45\uc73c\ub85c \uc0bc\ub294 \uac00\uc6b4\ub370, \uc2dc\uc7a5\uc740 \ud658\uc728 \uc548\uc815\uc138\ub97c \uc774\uc5b4\uac14\ub2e4.
    \uacf5\uc2dd \ud658\uc728\uc740 \ud558\ub77d\ud558\uba70 \uc774\uc804 \ub450 \ucc28\ub840 \uac70\ub798\uc77c\uc5d0 \ub098\ud0c0\ub0ac\ub358 \ubc18\ub4f1\uc744 \ubaa8\ub450 \ub418\ub3cc\ub9ac\uace0 \uc9c0\ub09c\uc8fc \uae08\uc694\uc77c \uc218\uc900\uc73c\ub85c \ubcf5\uadc0\ud588\ub2e4. \ub3c4\ub9e4 \ud658\uc728\uc740 \ub9e4\ub3c4 \uae30\uc900 4\ud398\uc18c \ud558\ub77d\ud55c 1,430.50\ud398\uc18c\ub85c \ub9c8\uac10\ud574 0.28% \ud558\ub77d\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \ud658\uc728\uc740 \ubcc0\ub3d9\ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8 \ub300\ube44 8.5% \ub0ae\uc740 \uc218\uc900\uc73c\ub85c, \uc774\ub294 10\uc6d4 \uc774\ud6c4 \ucd5c\ub300 \uaca9\ucc28\ub2e4.
    \ub3d9\uc2dc\uc5d0 MEP \ud658\uc728\uc740 1,463.70\ud398\uc18c\ub85c \ud558\ub77d\ud588\uace0, CCL \ud658\uc728\uc740 1,507.32\ud398\uc18c\ub97c \uae30\ub85d\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \ud658\uc728 \uaca9\ucc28\ub294 \uac01\uac01 2.32%, 5.30% \uc218\uc900\uc73c\ub85c \ucd95\uc18c\ub410\ub2e4.
    \ud604\uc7ac\uc758 \ud658\uc728 \uc548\uc815\uc740 \uce90\ub9ac \ud2b8\ub808\uc774\ub4dc\uc758 \ub9e4\ub825\uc5d0 \ub2e4\uc2dc \uae30\ubc18\ud558\uace0 \uc788\ub2e4. \uc815\ubd80\ub294 \ub192\uc740 \uc2e4\uc9c8\uae08\ub9ac\uc640 \uad00\ub9ac\ub41c \ud658\uc728\uc744 \uacb0\ud569\ud574 \ud398\uc18c \uc790\uc0b0 \ud22c\uc790\ub97c \uc720\ub3c4\ud558\uace0 \ub2ec\ub7ec\ud654 \uc218\uc694\ub97c \uc5b5\uc81c\ud558\uace0 \uc788\ub2e4. \uc774\ub7ec\ud55c \uad6c\uc870\ub294 \uc778\ud50c\ub808\uc774\uc158 \uc644\ud654\uc5d0 \uae30\uc5ec\ud558\uc9c0\ub9cc, \uacbd\uc81c\ud65c\ub3d9 \ub454\ud654\ub97c \uc2ec\ud654 \uc2dc\ud0a4\ub294 \ub300\uac00\ub97c \uc218\ubc18\ud55c\ub2e4.
    \ud074\ub77c\ub9b0(Clar\u00edn) \uc2e0\ubb38\uc740 \u201c\uc774 \uccb4\uacc4\ub294 \ub192\uc740 \uc2e4\uc9c8\uae08\ub9ac, \uac15\ud55c \ud398\uc18c \uc720\ub3d9\uc131 \uc5b5\uc81c, \uad00\ub9ac\ub41c \ud658\uc728\uc5d0 \uae30\ubc18\ud574 \ud604\uc9c0 \ud1b5\ud654 \ud22c\uc790\ub97c \uc7a5\ub824\ud558\uace0 \ub2ec\ub7ec\ud654\ub97c \uc5b5\uc81c\ud55c\ub2e4\u201d\uace0 \ubcf4\ub3c4\ud588\ub2e4.
    <\/li>\n\n\n\n
  5. \uce74\ud478\ud1a0\u2013\uac8c\uc624\ub974\uae30\uc5d0\ubc14 \ud68c\ub3d9\uacfc IMF \uc77c\uc815
    \uacbd\uc81c\ubd80 \uc7a5\uad00 \ub8e8\uc774\uc2a4 \uce74\ud478\ud1a0\ub294 \uc2a4\uc704\uc2a4 \ub2e4\ubcf4\uc2a4\uc5d0\uc11c \uc5f4\ub9b0 \uc138\uacc4\uacbd\uc81c\ud3ec\ub7fc \uae30\uac04 \uc911 \uad6d\uc81c\ud1b5\ud654\uae30\uae08(IMF) \ucd1d\uc7ac \ud06c\ub9ac\uc2a4\ud0c8\ub9ac\ub098 \uac8c\uc624\ub974\uae30\uc5d0\ubc14\uc640 \ud68c\ub3d9\ud588\ub2e4.
    \uac8c\uc624\ub974\uae30\uc5d0\ubc14\ub294 \ud68c\ub3d9 \ud6c4 \u201c\uc544\ub974\ud5e8\ud2f0\ub098 \uacbd\uc81c\uc758 \uac15\ud55c \uc131\uacfc\uc640 \uc678\ud658\ubcf4\uc720\uc561 \ucd95\uc801\uc758 \uc9c4\uc804\u201d\uc744 \uac15\uc870\ud558\uba70, \ud5a5\ud6c4 IMF \ud504\ub85c\uadf8\ub7a8\uacfc \uad00\ub828\ud55c \uc911\uc694\ud55c \uc815\uce58\uc801 \uc2e0\ud638\ub77c\uace0 \ud3c9\uac00\ud588\ub2e4.
    \uc774\ubc88 \ud68c\ub3d9\uc740 IMF\uac00 2\uc6d4 \uc911 \uae30\uc220 \uc2e4\uc0ac\ub2e8\uc744 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0 \ud30c\uacac\ud574 \ud604\ud589 \ud611\uc815\uc758 2\ucc28 \uc810\uac80\uc744 \uc900\ube44\ud558\ub294 \uac00\uc6b4\ub370 \uc774\ub904\uc84c\uc73c\uba70, \ud574\ub2f9 \ud3c9\uac00\uac00 \uc2b9\uc778\ub420 \uacbd\uc6b0 10\uc5b5 \ub2ec\ub7ec\uc758 \uc2e0\uaddc \uc790\uae08 \uc9d1\ud589\uc774 \uac00\ub2a5\ud574\uc9c4\ub2e4.
    \ud55c\ud3b8 \uc815\ubd80\ub294 2\uc6d4 1\uc77c\uc5d0 \uc774\uc790 \uc0c1\ud658\uc73c\ub85c 8\uc5b52,400\ub9cc \ub2ec\ub7ec\uc758 \ubd80\ucc44 \ub9cc\uae30\ub97c \uc55e\ub450\uace0 \uc788\ub2e4. \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc815\ubd80\uac00 IMF \uac10\uc0ac \uacb0\uacfc\ub97c \uae30\ub2e4\ub9b0 \ub4a4 \uc9c0\uae09\uc744 \ub2e8\ud589\ud560\uc9c0 \uc5ec\ubd80\uc5d0 \uc8fc\ubaa9\ud558\uace0 \uc788\ub2e4.
    \uc7ac\uc815 \ubaa9\ud45c\ub294 \ucda9\uc871\ud588\uc9c0\ub9cc \uc911\uc559\uc740\ud589\uc740 \uc678\ud658\ubcf4\uc720\uc561 \ub204\uc801 \ubaa9\ud45c\ub97c \ub2ec\uc131\ud558\uc9c0 \ubabb\ud574, \uc544\ub974\ud5e8\ud2f0\ub098\uac00 \ud574\ub2f9 \ubbf8\ub2ec\uc5d0 \ub300\ud574 IMF\uc5d0 \uc6e8\uc774\ubc84(\uba74\uc81c)\ub97c \uc694\uccad\ud560 \uac00\ub2a5\uc131\uc774 \ub192\uc73c\uba70, \uc774\ub97c \ud1b5\ud574 \ud504\ub85c\uadf8\ub7a8\uc744 \ucc28\uc9c8 \uc5c6\uc774 \uc774\uc5b4\uac00\ub824\ub294 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.
    <\/li>\n\n\n\n
  6. \uc720\ub7fd\uc758\ud68c, \uba54\ub974\ucf54\uc218\ub974\u2013EU \ud611\uc815 \ube44\uc900 \uc81c\ub3d9
    \uc720\ub7fd\uc758\ud68c\ub294 \uba54\ub974\ucf54\uc218\ub974\uc640 \uc720\ub7fd\uc5f0\ud569(EU) \uac04 \uc790\uc720\ubb34\uc5ed\ud611\uc815\uc758 \ube44\uc900 \uc808\ucc28\ub97c \uc911\ub2e8\ud588\ub2e4. \uc774 \ud611\uc815\uc740 \uc9c0\ub09c 1\uc6d4 17\uc77c \ud1a0\uc694\uc77c\uc5d0 \uc11c\uba85\ub418\uc5c8\uc73c\ub098, \uc720\ub7fd\uc758\ud68c\uac00 \uadf8 \ubc95\uc801 \uc720\ud6a8\uc131\uc5d0 \uc758\ubb38\uc744 \uc81c\uae30\ud558\ub294 \uacb0\uc758\uc548\uc744 \ud1b5\uacfc\uc2dc\ud0a4\uba74\uc11c \uc808\ucc28\uac00 \uba48\ucdc4\ub2e4.
    \ud574\ub2f9 \uacb0\uc758\uc548\uc740 \uc774 \uc870\uc57d\uc774 \uc720\ub7fd\uc5f0\ud569\uc758 \uae30\ubcf8 \uc870\uc57d\uc744 \uc874\uc911\ud558\uace0 \uc788\ub294\uc9c0 \uc5ec\ubd80\uc5d0 \uc758\ubb38\uc744 \uc81c\uae30\ud55c\ub2e4. \uc2e4\uc81c\ub85c \uc774\ubc88 \uacb0\uc815\uc740 \ud611\uc815\uc774 \uc720\ub7fd\uc5f0\ud569 \uc0ac\ubc95\uc7ac\ud310\uc18c\ub85c \ud68c\ubd80\ub428\uc744 \uc758\ubbf8\ud558\uba70, \uc7ac\ud310\uc18c\ub294 \uc774 \ud611\uc815\uc774 \uacf5\ub3d9\uccb4 \uc870\uc57d\uacfc\uc758 \ud569\uce58\uc131 \ubc0f \ubc95\uc801 \uc815\ub2f9\uc131\uc744 \ucda9\uc871\ud558\ub294\uc9c0 \ud3c9\uac00\ud558\uac8c \ub41c\ub2e4. \uc774 \uc808\ucc28\uac00 \uc885\ub8cc\ub420 \ub54c\uae4c\uc9c0 \ud611\uc815\uc758 \ube44\uc900\uc740 \uc911\ub2e8 \uc0c1\ud0dc\ub85c \uc720\uc9c0\ub41c\ub2e4.
    \ud2b9\ud788 \ubbfc\uac10\ud55c \uc7c1\uc810\uc73c\ub85c\ub294 \ud611\uc815\uc5d0 \ud3ec\ud568\ub41c \uc7ac\uade0\ud615 \uba54\ucee4\ub2c8\uc998\uc758 \ud569\ubc95\uc131, \uadf8\ub9ac\uace0 \uc2b9\uc778\uc744 \uc704\ud574 \uc120\ud0dd\ub41c \ubc95\uc801 \uadfc\uac70\uac00 \uc788\ub2e4. \uc774 \ubc95\uc801 \uadfc\uac70\ub294 \uc77c\ubd80 \uc7a5\uc744 \uac01 \ud68c\uc6d0\uad6d \uc758\ud68c\uc758 \uc2b9\uc778 \uc5c6\uc774\ub3c4 \ube44\uc900\ud560 \uc218 \uc788\ub3c4\ub85d \ud5c8\uc6a9\ud560 \uc218 \uc788\ub294 \uad6c\uc870\ub2e4.
    \uacf5\uc2dd \ucd94\uc0b0\uc5d0 \ub530\ub974\uba74, \uc774 \ubc95\uc801 \uac80\ud1a0 \uc808\ucc28\ub294 18~24\uac1c\uc6d4\uc774 \uc18c\uc694\ub420 \uc218 \uc788\uc73c\ub098, \uc815\uce58\u00b7\uacbd\uc81c\uc801 \uc0c1\ud669\uc774 \ud544\uc694\ud558\ub2e4\uace0 \ud310\ub2e8\ub420 \uacbd\uc6b0 \uc7ac\ud310\uc18c\uac00 \uc6b0\uc120 \uc2ec\ub9ac\ub97c \uc9c4\ud589\ud560 \uad8c\ud55c\ub3c4 \uac16\uace0 \uc788\ub2e4.
    <\/li>\n\n\n\n
  7. \ud2b8\ub7fc\ud504, \uadf8\ub9b0\ub780\ub4dc \uad00\ub828 \uc6d0\uce59\uc801 \ud569\uc758 \ubc1c\ud45c, \uc720\ub7fd\uc5d0 \ub300\ud55c \uad00\uc138 \uc704\ud611 \ucca0\ud68c
    \ubbf8\uad6d \ub300\ud1b5\ub839 \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504\ub294 \uadf8\ub9b0\ub780\ub4dc \ubb38\uc81c\uc640 \uad00\ub828\ud574 \ubd81\ub300\uc11c\uc591\uc870\uc57d\uae30\uad6c(NATO)\uc640 \uc6d0\uce59\uc801 \ud569\uc758\uc5d0 \ub3c4\ub2ec\ud588\ub2e4\uace0 \ubc1c\ud45c\ud558\uba70, 2\uc6d4\ubd80\ud130 \uc720\ub7fd\uc5f0\ud569\uc5d0 \uc2e0\uaddc \uad00\uc138\ub97c \ubd80\uacfc\ud558\uaca0\ub2e4\ub294 \uc704\ud611\uc744 \uc77c\ub2e8 \ucca0\ud68c\ud588\ub2e4.
    \uc774 \ubc1c\ud45c\ub294 \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc774 \uc2a4\uc704\uc2a4 \ub2e4\ubcf4\uc2a4\uc5d0\uc11c \uc5f4\ub9b0 \uc138\uacc4\uacbd\uc81c\ud3ec\ub7fc\uc5d0 \ucc38\uc11d\ud55c \uc790\ub9ac\uc5d0\uc11c \uc774\ub904\uc84c\ub2e4. \uadf8\ub294 \uadf8\ub9b0\ub780\ub4dc\uc5d0 \ub300\ud55c \ud1b5\uc81c\uc640 \uc601\ud5a5\ub825\uc774 \ubbf8\uad6d\uc758 \uad6d\uac00\uc548\ubcf4\uc5d0 \ud575\uc2ec\uc801\uc778 \uc0ac\uc548\uc774\ub77c\uace0 \uc7ac\ucc28 \uac15\uc870\ud588\ub2e4. \ud2b8\ub7fc\ud504\ub294 \ud604 \uc9c0\uc815\ud559\uc801 \ud658\uacbd\uc774 \uc7a5\uac70\ub9ac \ubbf8\uc0ac\uc77c \uac1c\ubc1c, \ud575 \uc5ed\ub7c9, \uc804\uc7c1\uc5d0 \uc801\uc6a9\ub418\ub294 \uc2e0\uae30\uc220\ub85c \uc778\ud574 \ub354\uc6b1 \ubcf5\uc7a1\ud574\uc9c0\uace0 \uc788\ub2e4\uace0 \uc8fc\uc7a5\ud588\ub2e4.
    \uc5f0\uc124 \uc911 \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc740 \uadf8\ub9b0\ub780\ub4dc\uac00 \uc790\uce58\ub839\uc73c\ub85c \uc18d\ud574 \uc788\ub294 \ub374\ub9c8\ud06c\ub97c \uac15\ud558\uac8c \ube44\ud310\ud588\ub2e4. \ud2b8\ub7fc\ud504\uc5d0 \ub530\ub974\uba74, \ucf54\ud39c\ud558\uac90\uc740 NATO \ub0b4\uc5d0\uc11c\uc758 \ubc29\uc704 \uacf5\uc57d\uc744 \ucda9\ubd84\ud788 \uc774\ud589\ud558\uc9c0 \uc54a\uace0 \uc788\uc73c\uba70, \uc774\ub294 \ud574\ub2f9 \uc9c0\uc5ed\uc5d0\uc11c \ubbf8\uad6d\uc758 \uac1c\uc785\uacfc \uc8fc\ub3c4\uc801 \uc5ed\ud560 \ud655\ub300\ub97c \uc815\ub2f9\ud654\ud558\ub294 \uc0ac\uc720\uac00 \ub41c\ub2e4\ub294 \uac83\uc774\ub2e4.
    NATO\uc640\uc758 \uc608\ube44\uc801 \ud569\uc758\ub294, \ucd5c\uadfc \uba70\uce60\uac04 \uad00\uc138 \uc804\uc7c1 \uc7ac\uac1c \uac00\ub2a5\uc131\uc73c\ub85c \uc778\ud574 \ubd88\uc548\ud574\uc84c\ub358 \uc2dc\uc7a5 \ubd84\uc704\uae30\ub97c \uc9c4\uc815\uc2dc\ud0a4\ub294 \ub370 \uae30\uc5ec\ud588\ub2e4. \ube44\ub85d \ud569\uc758\uc758 \uad6c\uccb4\uc801 \ub0b4\uc6a9\uc740 \uacf5\uac1c\ub418\uc9c0 \uc54a\uc558\uc9c0\ub9cc, \uc774\ubc88 \ubc1c\ud45c\ub294 \uc9c0\uc815\ud559\uc801 \uacbd\uc7c1\uc774 \uc2ec\ud654\ub418\uace0 \uad6d\uc81c \ubb34\uc5ed \ud750\ub984\uc758 \ubbfc\uac10\uc131\uc774 \ucee4\uc9c4 \uae00\ub85c\ubc8c \ud658\uacbd \uc18d\uc5d0\uc11c \uc644\ud654 \uc2e0\ud638\ub85c \ud574\uc11d\ub418\uc5c8\ub2e4.
    <\/li>\n\n\n\n
  8. \ud2b8\ub7fc\ud504 \ubc1c\uc5b8\uc5d0 \uc6d4\uac00 \uc0c1\uc2b9
    \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc758 \ubc1c\uc5b8 \uc774\ud6c4, \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc758 3\ub300 \uc8fc\uc694 \uc9c0\uc218\ub294 \uc77c\uc81c\ud788 \uc0c1\uc2b9 \ub9c8\uac10\ud588\ub2e4. \uadf8\ub294 \uadf8\ub9b0\ub780\ub4dc\ub97c \ubb34\ub825\uc73c\ub85c \ud655\ubcf4\ud558\ub294 \ubc29\uc548\uc744 \ubc30\uc81c\ud558\uace0, \u201c\uc989\uac01\uc801\uc778 \ud611\uc0c1\u201d\uc744 \uc120\ud638\ud55c\ub2e4\uace0 \ubc1d\ud788\uba70 \uc2dc\uc7a5\uc5d0 \uc548\ub3c4\uac10\uc744 \uc8fc\uc5c8\ub2e4.
    \uc774\ub7ec\ud55c \ubd84\uc704\uae30 \uc18d\uc5d0\uc11c,\ub2e4\uc6b0\uc874\uc2a4 \uc0b0\uc5c5\ud3c9\uade0\uc9c0\uc218\ub294 +1.12%, S&P 500 \uc9c0\uc218\ub294 +1.16%,
    \ub098\uc2a4\ub2e5 \uc885\ud569\uc9c0\uc218\ub294 +1.18% \uc0c1\uc2b9\ud588\ub2e4.
    \uc774\ub294 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5 \uc644\ud654\uc640 \ubc31\uc545\uad00\uc758 \ubcf4\ub2e4 \ub099\uad00\uc801\uc778 \ud1a4\uc5d0 \ud798\uc785\uc740 \uacb0\uacfc\uc600\ub2e4.
    \ud2b8\ub7fc\ud504\ub294 \ub2e4\ubcf4\uc2a4 \ud3ec\ub7fc \uc5f0\uc124 \uc11c\ub450\uc5d0\uc11c \ubbf8\uad6d \uacbd\uc81c\uc5d0 \ub300\ud55c \uae0d\uc815\uc801 \ud3c9\uac00\ub97c \ub0b4\ub193\uc558\uc73c\uba70, \uc9d1\uad8c \uccab\ud574 \ub3d9\uc548 \uc758\ubbf8 \uc788\ub294 \uac1c\uc120\uc774 \uc774\ub8e8\uc5b4\uc84c\ub2e4\uace0 \uac15\uc870, \uc774\uc804 \ud589\uc815\ubd80\uc640 \ud604 \uc0c1\ud669\uc744 \ub300\ube44\uc2dc\ucf30\ub2e4. \ub2e4\ub9cc \uadf8\ub294 \uace7 \uad6d\uc81c \uc758\uc81c \uc911 \uac00\uc7a5 \ubbfc\uac10\ud55c \uc0ac\uc548 \uc911 \ud558\ub098\uc778 \uadf8\ub9b0\ub780\ub4dc\uc758 \uc18c\uc720\uad8c \ubb38\uc81c\ub85c \ud654\uc81c\ub97c \ub3cc\ub838\ub2e4.
    \ud2b8\ub7fc\ud504\ub294 \ub374\ub9c8\ud06c \ubc18\uc790\uce58 \uc601\ud1a0\uc778 \uadf8\ub9b0\ub780\ub4dc\uc5d0 \ub300\ud574, \uadf8 \ub545\uc740 \ubbf8\uad6d\uc758 \uad6d\uac00 \uc548\ubcf4\uc5d0 \ud575\uc2ec\uc801\uc778 \uc9c0\uc5ed\uc774\ub2e4. \uc774\ub7f0 \ub9e5\ub77d\uc5d0\uc11c NATO \ub3d9\ub9f9\uad6d\ub4e4\uc744 \ub9e4\uc6b0 \ub9cc\uc871\uc2dc\ud0ac \uc218 \uc788\ub294 \ud569\uc758\uc5d0 \ub3c4\ub2ec\ud558\uaca0\ub2e4\ub294 \uc758\uc9c0\ub97c \uc7ac\ucc28 \uac15\uc870\ud588\uc73c\uba70, \uc774\ub294 \ud654\uc694\uc77c\uc5d0 \uc774\ubbf8 \uc2dc\uc7a5\uc744 \uc9c4\uc815\uc2dc\ud0a4\uae30 \uc2dc\uc791\ud588\ub358 \uadf8\uc758 \ubc1c\uc5b8\uacfc \uac19\uc740 \ud750\ub984\uc5d0 \uc788\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":11176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-11175","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\/11175","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=11175"}],"version-history":[{"count":0,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/11176"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}