{"id":11191,"date":"2026-01-23T12:30:26","date_gmt":"2026-01-23T15:30:26","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11191"},"modified":"2026-01-23T13:53:10","modified_gmt":"2026-01-23T16:53:10","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c01%ec%9b%94-23%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11191","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(01\uc6d4 22\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \uc911\uc559\uc740\ud589 \uc678\ud658\ubcf4\uc720\uc561, \ubc00\ub808\uc774 \ucde8\uc784 \uc774\ud6c4 \ucd5c\uace0 \uc218\uc900 \ub3c4\ub2ec
    \uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589(BCRA)\uc758 \uad6d\uc81c \ucd1d\uc678\ud658\ubcf4\uc720\uc561\uc774 \ud558\ube44\uc5d0\ub974 \ubc00\ub808\uc774 \ub300\ud1b5\ub839 \ucde8\uc784 \uc774\ud6c4 \uac00\uc7a5 \ub192\uc740 \uc218\uc900\uc5d0 \ub3c4\ub2ec\ud588\ub2e4. \ubcf4\uc720\uc561 \uaddc\ubaa8\ub294 \ubbf8\ud654 450\uc5b5 \ub2ec\ub7ec\uc5d0 \uadfc\uc811\ud588\uc73c\uba70, \uc774\ub294 \ud1b5\ud654\ub2f9\uad6d\uc774 \uc678\ud658 \uc790\uc720\uc2dc\uc7a5\uc5d0\uc11c \ub2ec\ub7ec \ub9e4\uc785\uc5d0 \ub2e4\uc2dc \uac1c\uc785\ud55c \uc0c1\ud669\uc5d0\uc11c \ub098\ud0c0\ub09c \uac83\uc774\ub2e4.
    \uc911\uc559\uc740\ud589(BCRA)\uc758 \uacf5\uc2dd \ubc1c\ud45c\uc5d0 \ub530\ub974\uba74, \ucd5c\uadfc \uac70\ub798\uc77c \ub3d9\uc548 \uc678\ud658\ubcf4\uc720\uc561\uc740 2\uc5b5 700\ub9cc \ub2ec\ub7ec \uc99d\uac00\ud558\uc5ec \ucd1d 448\uc5b5 800\ub9cc \ub2ec\ub7ec\uc5d0 \ub3c4\ub2ec\ud588\ub2e4. \uc774\ub294 2023\ub144 1\uc6d4 5\uc77c \uc774\ud6c4 \ucd5c\uace0\uce58\ub85c, \uc815\ubd80\uac00 \uc911\uc559\uc740\ud589\uc758 \uc7ac\ubb34 \uc0c1\ud0dc\uac00 \uac15\ud654\ub418\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc2e0\ud638\ub85c \ud574\uc11d\ud558\uace0 \uc788\ub2e4.
    \ub2e4\ub9cc, \uacf5\uc2dd \uc18c\uc2dd\ud1b5\uc740 \uc774\ubc88 \ubcf4\uc720\uc561 \uc99d\uac00\uac00 \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c\uc758 \ub2ec\ub7ec \ub9e4\uc785\uc774 \uc8fc\ub41c \uc6d0\uc778\uc740 \uc544\ub2c8\uc5c8\ub2e4\uace0 \uc124\uba85\ud588\ub2e4. \ub300\uc2e0, \uc678\ud658\ubcf4\uc720\uc561\uc744 \uad6c\uc131\ud558\ub294 \uae08\uc735\uc790\uc0b0, \ud2b9\ud788 \uae08\uc758 \uc7ac\ud3c9\uac00\uac00 \uc8fc\uc694 \uc694\uc778\uc774\uc5c8\ub2e4\uace0 \ubc1d\ud614\ub2e4.
    \ucd1d\uc678\ud658\ubcf4\uc720\uc561\uc774 \uc99d\uac00\ud588\uc74c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \uc21c\uc678\ud658\ubcf4\uc720\uc561 \uc0c1\ud669\uc740 \uc5ec\uc804\ud788 \ubd80\uc815\uc801\uc778 \uc0c1\ud0dc\uc5d0 \uba38\ubb3c\ub7ec \uc788\ub2e4. \uc774\ub294 \uc911\uad6d\uacfc\uc758 \ud1b5\ud654 \uc2a4\uc651, \ub2ec\ub7ec \uc608\uae08\uc5d0 \ub300\ud55c \uc9c0\uae09\uc900\ube44\uae08, \uadf8\ub9ac\uace0 1\uc6d4 \ucc44\ubb34 \uc0c1\ud658\uc744 \uc704\ud574 \uad6d\uc81c \uc740\ud589\ub4e4\uacfc \uccb4\uacb0\ud55c 30\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ub808\ud3ec(repo,\ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c) \ub4f1 \uc790\uc720\ub86d\uac8c \uc0ac\uc6a9\ud558\uae30 \uc5b4\ub824\uc6b4 \ubd80\ucc44\uc131\u00b7\uc81c\uc57d\uc131 \ud56d\ubaa9\ub4e4\uc774 \ud3ec\ud568\ub418\uc5b4 \uc788\uae30 \ub54c\ubb38\uc774\ub2e4.
    \uc774\ucc98\ub7fc \ucd1d\uc678\ud658\ubcf4\uc720\uc561\uc758 \uc218\uc900 \uc790\uccb4\ub294 \uc815\uad8c \uad50\uccb4 \uc774\ud6c4 \ud558\ub098\uc758 \uc774\uc815\ud45c\ub97c \uc138\uc6b0\uba70 \uc2dc\uc7a5\uc5d0 \uae0d\uc815\uc801 \uc2e0\ud638\ub97c \uc81c\uacf5\ud558\uace0 \uc788\uc9c0\ub9cc, \uc21c\uc678\ud658\ubcf4\uc720\uc561\uc744 \uc2e4\uc9c8\uc801\uc73c\ub85c \ud68c\ubcf5\ud558\ub294 \uacfc\uc81c\ub294 \uc5ec\uc804\ud788 \uacbd\uc81c\uc815\ucc45\uc758 \ud575\uc2ec \ub09c\uc81c \uc911 \ud558\ub098\ub85c \ub0a8\uc544 \uc788\ub2e4.
    <\/li>\n\n\n\n
  2. \uac70\ub798\ub7c9\uc774 \uc801\uc740 \uac00\uc6b4\ub370 \uacf5\uc2dd \ud658\uc728 \ubc18\ub4f1
    \uacf5\uc2dd \ub2ec\ub7ec \ud658\uc728\uc740 \ub450 \ub2ec \ub9cc\uc758 \ucd5c\uc800\uce58\ub97c \ucc0d\uc740 \ub4a4, \uc18c\ud3ed \ubc18\ub4f1\ud588\ub2e4. \uc774\ub0a0 \uac70\ub798\ub294 \ubbf8\uad6d\uc758 \uacf5\ud734\uc77c\ub85c \uc778\ud574 \uac70\ub798\ub7c9\uc774 \ub9e4\uc6b0 \uc801\uc740 \uc0c1\ud669\uc5d0\uc11c \uc774\ub8e8\uc5b4\uc84c\ub2e4.
    \ubc18\ub4f1\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \ud658\uc728\uc740 \uc5ec\uc804\ud788 \uacf5\uc2dd \ud658\uc728 \ubc34\ub4dc \ub0b4\uc5d0\uc11c \uc6c0\uc9c1\uc774\uace0 \uc788\uc73c\uba70, \uc0c1\ud55c\uc120\ubcf4\ub2e4\ub294 \ud558\ud55c\uc120\uc5d0\uc11c \ub354 \uac00\uae4c\uc6b4 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uace0 \uc788\ub2e4. \ub2e4\ub9cc, \uc778\ud50c\ub808\uc774\uc158 \ud750\ub984\uc5d0 \ub530\ub77c \ud658\uc728 \ubc34\ub4dc\uc758 \uc591 \uadf9\ub2e8\uc774 \uc870\uc815\ub418\uae30 \uc2dc\uc791\ud55c \uc9c0 2\uc8fc \uc774\uc0c1 \uc9c0\ub09c \uc2dc\uc810\uc5d0\uc11c, \ud658\uc728\uc740 \uc774\uc804\ubcf4\ub2e4 \uc0c1\ub2e8 \ucabd\uc5d0 \ub354 \uac00\uae4c\uc6cc\uc84c\ub2e4.
    \ub3c4\ub9e4\uc2dc\uc7a5\uc5d0\uc11c \uacf5\uc2dd \ub2ec\ub7ec\ub294 4.50\ud398\uc18c \uc0c1\uc2b9\ud574 1,434.50\ud398\uc18c\ub85c \ub9c8\uac10\ud588\uc73c\uba70, \uc774\ub294 \ucd5c\uadfc \ud558\ub77d \uc555\ub825 \uc774\ud6c4 \ub098\ud0c0\ub09c \uc644\ub9cc\ud55c \ud68c\ubcf5\uc744 \uc758\ubbf8\ud55c\ub2e4.
    \ud55c\ud3b8, \uae08\uc735 \ud658\uc728\uc740 \ud558\ub77d\uc138\ub97c \ubcf4\uc600\ub2e4.
    MEP \ud658\uc728\uc740 1,466.70\ud398\uc18c\uc5d0 \ub9c8\uac10\ud558\uba70 \uacf5\uc2dd \ud658\uc728 \ub300\ube44 2.24%\uc758 \uaca9\ucc28\ub97c \uae30\ub85d\ud588\ub2e4.
    CCL \ud658\uc728\uc740 1,512.63\ud398\uc18c\ub85c \ub9c8\uac10\ud574 5.45% \uaca9\ucc28\ub97c \ub098\ud0c0\ub0c8\ub2e4.
    \ud658\uc728 \uc548\uc815\uc758 \ud575\uc2ec \uc694\uc778\uc740 \uac15\ub825\ud55c \ud1b5\ud654 \uae34\ucd95 \uc815\ucc45\uc774\ub2e4. \uc740\ud589 \uc2dc\uc2a4\ud15c\uc5d0 \ub118\uce58\ub294 \uc720\ub3d9\uc131\uc774 \ub192\uc740 \uae08\ub9ac \uc218\uc900\uc744 \uc720\uc9c0\ud558\uac8c \ub9cc\ub4e4\uace0 \uc788\uc73c\uba70, \uc774\ub294 \ud398\uc18c\ud654 \uc790\uc0b0\uc758 \ub9e4\ub825\uc744 \uac15\ud654\ud558\uace0 \ub2ec\ub7ec\ud654\ub85c\uc758 \uc790\uc0b0 \uc774\ub3d9\uc744 \uc5b5\uc81c\ud558\ub294 \uc5ed\ud560\uc744 \ud558\uace0 \uc788\ub2e4.
    \uce90\ub9ac \ud2b8\ub808\uc774\ub4dc \uc804\ub7b5\uc744 \ub118\uc5b4, \uc9c0\ub09c \uc218\uc694\uc77c \uad6d\ucc44 \uc785\ucc30 \uc774\ud6c4 \uae08\ub9ac \uad6c\uc870\uac00 \uc810\ucc28 \uc815\uc0c1\ud654\ub418\ub294 \uc870\uc9d0\ub3c4 \ub098\ud0c0\ub098\uace0 \uc788\ub2e4. \uc774\ub294 \uc7ac\ubb34\uccad\uc774 \uc2dc\uc7a5\uc5d0 \ud398\uc18c\ub97c \uacf5\uae09\ud558\uc9c0 \uc54a\uc740 \uc0c1\ud669\uc5d0\uc11c\ub3c4 \uad00\ucc30\ub418\uc5c8\ub2e4. \uc774 \uccb4\uacc4\ub294 \uac70\ub798\uac00 \uc801\uc740 \ub0a0\uc5d0\ub3c4 \uc678\ud658\uc2dc\uc7a5\uc758 \uc548\uc815\uc744 \uc720\uc9c0\ud558\ub294 \ud575\uc2ec \uc694\uc778\uc73c\ub85c \uacc4\uc18d \uc791\ub3d9\ud558\uace0 \uc788\ub2e4.
    \uc774\uc640\uad00\ub828 Infobae \uc9c0\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \ubcf4\ub3c4\ud588\ub2e4.
    \uc5ed\uc0ac\uc801\uc73c\ub85c \uc120\uac70\uac00 \uc5c6\ub294 \ud574\ub294 \uc678\ud658\ubcf4\uc720\uc561\uc744 \uc7ac\uad6c\uc131\ud560 \uc218 \uc788\ub294 \ud575\uc2ec\uc801\uc778 \uae30\ud68c\ub97c \uc758\ubbf8\ud574 \uc654\ub2e4.
    2\ub144\ub9c8\ub2e4 \uc120\uac70 \uc8fc\uae30\uac00 \ubc18\ubcf5\ub418\ub294 \uc815\uce58 \uccb4\uc81c\uc5d0\uc11c\ub294 \uc774\ub7ec\ud55c \uae30\uac04\uc774 \ub354 \ud070 \uac70\uc2dc\uacbd\uc81c\uc801 \uc608\uce21 \uac00\ub2a5\uc131\uc744 \uc81c\uacf5\ud558\uba70, \uc0c8\ub85c\uc6b4 \ubcc0\ub3d9\uc131 \uad6d\uba74\uc774 \ub098\ud0c0\ub098\uae30 \uc804\uc5d0 \ube44\uad50\uc801 \uc801\uc740 \ucda9\uaca9\uc73c\ub85c \uc815\ucc45\uc744 \ucd94\uc9c4\ud560 \uc218 \uc788\uac8c \ud574\uc900 \uc774\ub7ec\ud55c \ub9e5\ub77d\uc5d0\uc11c \ud604 \uc815\ubd80\ub294 \ub300\uc678 \ubd80\ubb38\uc744 \uac15\ud654\ud558\uace0 \ud5a5\ud6c4 \uc120\uac70 \uad00\ub828 \ub3c4\uc804\uc5d0 \ub354 \uc720\ub9ac\ud55c \uc870\uac74\uc73c\ub85c \ub300\ube44\ud558\uae30 \uc704\ud574 \uc774 ‘\uae30\ud68c\uc758 \ucc3d’\uc744 \ud65c\uc6a9\ud558\ub824 \ud558\uace0 \uc788\ub2e4.
    <\/li>\n\n\n\n
  3. S&P \uba54\ub974\ubc1c \uc9c0\uc218, \ud558\ub77d\uc138\ub85c \ud55c \uc8fc \uc2dc\uc791
    \uc544\ub974\ud5e8\ud2f0\ub098 \uc8fc\uac00\uc9c0\uc218 S&P \uba54\ub974\ubc1c\uc740 \uc9c0\ub09c 5\uac70\ub798\uc77c \ub3d9\uc548 5% \uc774\uc0c1 \uc0c1\uc2b9\ud55c \uc774\ud6c4, \ud558\ub77d\uc138\ub85c \ud55c \uc8fc\ub97c \uc2dc\uc791\ud588\ub2e4. \uc774\ubc88 \uc8fc\uac04 \ud558\ub77d\ud3ed\uc740 \ucd5c\uadfc 4\uac1c\uc6d4 \uc911 \uac00\uc7a5 \ud070 \uc218\uc900\uc774\ub2e4.
    \uc774\ub0a0 \uc7a5\uc740 \uac70\ub798\ub7c9\uc774 \ub9e4\uc6b0 \uc801\uc5c8\uace0, \ubbf8\uad6d \uacf5\ud734\uc77c\ub85c \uc778\ud574 \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uac00 \ud734\uc7a5\ud558\uba74\uc11c \uc678\ubd80 \uae30\uc900 \uc9c0\ud45c\uac00 \ubd80\uc7ac\ud55c \uc0c1\ud669\uc5d0\uc11c \uc9c4\ud589\ub418\uc5c8\ub2e4. \uc774\ub85c \uc778\ud574 \uc544\ub974\ud5e8\ud2f0\ub098 \uc8fc\uc2dd\uc758 ADR\uacfc \uad6d\ucc44\ub294 \ub274\uc695 \uc2dc\uc7a5\uc5d0\uc11c \uac70\ub798\ub418\uc9c0 \uc54a\uc558\ub2e4.
    \uc774\ub7ec\ud55c \ud658\uacbd \uc18d\uc5d0\uc11c, \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4 \uc99d\uc2dc\uc758 \uc8fc\uc694 \uc8fc\uac00\uc9c0\uc218\ub294, \ud398\uc18c \uae30\uc900 0.7% \ud558\ub77d, \ub2ec\ub7ec \uae30\uc900 0.2% \ud558\ub77d\ud588\ub2e4.
    \uc774\ub85c\uc368 \uc8fc\uc694 \uc8fc\uac00\ub294 \uc5f0\ucd08 \uc774\ud6c4 \ub204\uc801 \uc57d 4%\uc758 \uc190\uc2e4\uc744 \uae30\ub85d\ud558\uac8c \ub418\uc5c8\ub2e4. \ud604\uc9c0 \uc99d\uc2dc\ub294 \ud604\uc7ac \ucd5c\uadfc 4\uac1c\uc6d4 \uc911 \ucd5c\uc545\uc758 \uc8fc\uac04 \uc131\uacfc\ub97c \uae30\ub85d \uc911\uc774\uba70, \uc774 \uae30\uac04 \ub3d9\uc548 S&P \uba54\ub974\ubc1c \uc9c0\uc218\ub294 5.1% \uae09\ub77d\ud588\ub2e4. \uc774\ub294 \ud22c\uc790\uc790\ub4e4 \uc0ac\uc774\uc5d0\uc11c \uacbd\uacc4 \uc2ec\ub9ac\uac00 \uac15\ud654\ub418\uace0 \uc788\uc74c\uc744 \ubc18\uc601\ud55c\ub2e4.
    <\/li>\n\n\n\n
  4. \ub3c4\ub9e4\ubb3c\uac00, 12\uc6d4 \uc99d\uac00\ud588\uc73c\ub098 2025\ub144 \uc5f0\uac04 \uc0c1\uc2b9\ub960\uc740 \uc804\ub144 \ub300\ube44 \ud06c\uac8c \ub454\ud654
    \ub3c4\ub9e4\ubb3c\uac00\ub294 12\uc6d4\uc5d0 2.4% \uc0c1\uc2b9\ud558\uba70 \ub2e4\uc2dc \uac00\uc18d\ud588\ub2e4. \uc774\ub294 \uc8fc\ub85c \uc11d\uc720 \ubc0f \uc11d\uc720 \ud30c\uc0dd\uc0c1\ud488 \uac00\uaca9 \uc0c1\uc2b9\uc758 \uc601\ud5a5\uc744 \ubc1b\uc740 \uac83\uc774\ub2e4.
    \uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \ub3c4\ub9e4\ubb3c\uac00\uc9c0\uc218(IPIM) \ub294 2025\ub144 \uc5f0\uac04 \ub204\uc801 \uc0c1\uc2b9\ub960 26.2%\ub85c \ub9c8\uac10\ud574, 2024\ub144 \uc0c1\uc2b9\ub960\uc758 \uc808\ubc18\uc5d0\ub3c4 \ubabb \ubbf8\uce58\ub294 \uc218\uc900\uc744 \uae30\ub85d\ud588\ub2e4.
    \uad6d\uac00\ud1b5\uacc4\uccad(INDEC)\uc5d0 \ub530\ub974\uba74, 12\uc6d4 IPIM\uc740 \uc804\uc6d4 \ub300\ube44 0.8%\ud3ec\uc778\ud2b8 \ub192\uc740 \uc218\uc900\uc744 \uae30\ub85d\ud588\ub2e4. \uc774\ubc88 \uc0c1\uc2b9\uc740 \uc8fc\ub85c \uad6d\ub0b4\uc0b0 1\ucc28 \uc0c1\ud488 \uac00\uaca9 \uc0c1\uc2b9\uc5d0 \uc758\ud574 \uc124\uba85\ub418\uba70, \uadf8\uc911\uc5d0\uc11c\ub3c4 \uc11d\uc720 \uac00\uaca9\uc774 3.4% \uc0c1\uc2b9\ud55c \uc810\uc774 \ub450\ub4dc\ub7ec\uc84c\ub2e4.
    \ud55c\ud3b8, \uad6d\ub0b4\uc0b0 \uacf5\uc0b0\ud488 \uac00\uaca9\ub3c4 2.6% \uc0c1\uc2b9\ud558\uba70 \uac00\uc18d\ud654\ub418\uc5c8\ub294\ub370, \uc774\ub294 \uc804\uc6d4 \ub300\ube44 0.3%\ud3ec\uc778\ud2b8 \uc99d\uac00\ud55c \uc218\uce58\ub2e4.
    \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(IPC)\uc640 \ub2ec\ub9ac, IPIM\uc740 \ub300\uc678 \uad50\uc5ed\uc774 \uac00\ub2a5\ud55c \uc0c1\ud488\uc5d0 \ub354 \ud070 \ube44\uc911\uc744 \ub450\uace0 \uc788\uae30 \ub54c\ubb38\uc5d0 \uacf5\uc2dd \ud658\uc728 \ubcc0\ub3d9\uc5d0 \ub354 \ubbfc\uac10\ud558\ub2e4. \uc774\ub7ec\ud55c \ud2b9\uc131\uc774 \uc5f0\ub9d0 \ubb3c\uac00 \ud750\ub984\uc744 \uc124\uba85\ud558\ub294 \uc8fc\uc694 \uc694\uc778 \uc911 \ud558\ub098\ub85c \uc791\uc6a9\ud588\ub2e4.
    <\/li>\n\n\n\n
  5. IMF, \uae00\ub85c\ubc8c \uc131\uc7a5 \uc720\uc9c0\ud558\uc9c0\ub9cc \ucda9\uaca9 \uc704\ud5d8 \ud655\ub300 \uacbd\uace0
    \uad6d\uc81c\ud1b5\ud654\uae30\uae08(IMF)\uc740 \uc62c\ud574 \uc138\uacc4 GDP \uc131\uc7a5\ub960 \uc804\ub9dd\uc744 \uc7ac\uac80\ud1a0\ud558\uba74\uc11c, \uc704\ud5d8\uc758 \uade0\ud615\uc774 \uc5ec\uc804\ud788 \ub354 \ubd80\uc815\uc801\uc778 \uc2dc\ub098\ub9ac\uc624 \ucabd\uc73c\ub85c \uae30\uc6b8\uc5b4\uc838 \uc788\ub2e4\ub294 \uacbd\uace0\ub97c \uc7ac\ud655\uc778\ud588\ub2e4. IMF\ub294 \uc138\uacc4 \uacbd\uc81c \ud65c\ub3d9\uc774 \u201c\uc0c1\ub300\uc801\uc73c\ub85c \uacac\uc870\ud55c \uc0c1\ud0dc\u201d\ub97c \uc720\uc9c0\ud558\uace0 \uc788\ub2e4\uace0 \ubcf4\uba74\uc11c\ub3c4, \uae08\uc735 \ubc0f \ubb34\uc5ed \ubd80\ubb38\uc5d0\uc11c \ubc1c\uc0dd\ud560 \uc218 \uc788\ub294 \ub3cc\ubc1c\uc801\uc778 \uad50\ub780\uc5d0 \ucde8\uc57d\ud55c \ubd88\uc548\uc815\ud55c \ud658\uacbd\uc774 \uacc4\uc18d\ub418\uace0 \uc788\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4.
    IMF\ub294 \ud604\uc7ac\uc758 \uc131\uc7a5 \uc218\uc900\uc774 \uc138\uacc4 \uacbd\uc81c\uc758 \ucde8\uc57d\uc131\uc744 \uc81c\uac70\ud558\uc9c0\ub294 \ubabb\ud55c\ub2e4\uace0 \uac15\uc870\ud588\ub294\ub370, \ud2b9\ud788 \uc815\uce58\uc801\u00b7\uacbd\uc81c\uc801 \uae34\uc7a5\uc774 \uc874\uc7ac\ud558\ub294 \uc0c1\ud669\uc5d0\uc11c\ub294 \uc774\ub7ec\ud55c \ucde8\uc57d\uc131\uc774 \ub354\uc6b1 \ub450\ub4dc\ub7ec\uc9c4\ub2e4\uace0 \uc124\uba85\ud588\ub2e4. \ub610\ud55c \ubd80\uc815\uc801\uc778 \ucda9\uaca9\uc774 \ub9e4\uc6b0 \ube60\ub974\uac8c \uc804\uc774\ub420 \uc218 \uc788\ub2e4\ub294 \uc810\uc744 \uac15\uc870\ud558\uba70, \uc774\ub294 \uae08\uc735 \uc548\uc815\uc131\uc5d0 \ub300\ud55c \uc704\ud5d8\uc744 \ud55c\uce35 \uc99d\ud3ed\uc2dc\ud0a8\ub2e4\uace0 \uacbd\uace0\ud588\ub2e4.
    \uc804\ub9dd\uc5d0 \ub530\ub974\uba74 \uc138\uacc4 \uacbd\uc81c\ub294 2026\ub144 3.3%, 2027\ub144 3.2% \uc131\uc7a5\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\uba70, \uc774\ub294 2025\ub144\uc5d0 \ub300\ud55c \uae30\uc874 \ucd94\uc815\uce58\uc640 \uac70\uc758 \uc77c\uce58\ud558\ub294 \uc218\uc900\uc774\ub2e4. \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \uacbd\uc6b0, IMF\ub294 10\uc6d4 \ubcf4\uace0\uc11c\uc5d0\uc11c \uc81c\uc2dc\ud55c \uc804\ub9dd\uc744 \uadf8\ub300\ub85c \uc720\uc9c0\ud588\ub2e4. IMF\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uacbd\uc81c\uac00 2025\ub144 4.5% \uc131\uc7a5\ud558\uba70 \ud68c\ubcf5\ud558\uace0, 2026\ub144\uacfc 2027\ub144\uc5d0\ub294 \uac01\uac01 4% \uc131\uc7a5\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4.
    <\/li>\n\n\n\n
  6. \ucf54\ub974\ub3c4\ubc14 \uc8fc, \ub2e4\uc2dc \ud574\uc678 \uc790\uae08 \uc870\ub2ec \uc608\uc815
    \ucf54\ub974\ub3c4\ubc14 \uc8fc\ub294 \uae08\uc735 \uc5ec\uac74 \uac1c\uc120\uacfc \ucd5c\uadfc \uad6d\uac00 \uc704\ud5d8\ub3c4 \ud558\ub77d\uc744 \ud65c\uc6a9\ud574 \uad6d\uc81c \ucc44\uad8c \uc2dc\uc7a5\uc73c\ub85c\uc758 \ubcf5\uadc0\ub97c \uc900\ube44\ud558\uace0 \uc788\ub2e4. \uc774\ubc88 \uac70\ub798\ub294 \ud654\uc694\uc77c\uc5d0 \uac1c\uc2dc\ub420 \uc608\uc815\uc774\uba70, \uc57d 5\uc5b5 \ub2ec\ub7ec \uc870\ub2ec\uc744 \ubaa9\ud45c\ub85c \ud558\uace0 \uc788\ub2e4. \uc774\ub97c \uc704\ud574 \ucf54\ub974\ub3c4\ubc14 \uc8fc\ub294 \uc774\ubbf8 \uc911\uc559\uc815\ubd80\uc758 \uc2b9\uc778\uc744 \ud655\ubcf4\ud55c \uc0c1\ud0dc\ub2e4.
    \ucc44\uad8c \ubc1c\ud589\uc740 \ub274\uc695 \uc2dc\uc7a5\uc5d0\uc11c \uc774\ub8e8\uc5b4\uc9c8 \uc608\uc815\uc774\uba70, \ucd5c\uadfc \uba70\uce60\uac04 \uad6d\uc81c \ud22c\uc790\uc790\ub4e4\uc744 \ub300\uc0c1\uc73c\ub85c \uc9c4\ud589\ud574 \uc628 \uc8fc \uc815\ubd80 \uad00\uacc4\uc790\ub4e4\uc758 \ub85c\ub4dc\uc1fc\uc758 \uc5f0\uc7a5\uc120\uc0c1\uc5d0\uc11c \ucd94\uc9c4\ub41c\ub2e4. \uc774\ubc88 \uc6c0\uc9c1\uc784\uc740 \ucf54\ub974\ub3c4\ubc14\uac00 \ud574\uc678 \uc790\uae08 \uc870\ub2ec \uc2dc\uc7a5\uc73c\ub85c \ubcf5\uadc0\ud558\ub294 \ub610 \ud558\ub098\uc758 \uc774\uc815\ud45c\uac00 \ub41c\ub2e4. \uc55e\uc11c \ucf54\ub974\ub3c4\ubc14\ub294 2025\ub144 6\uc6d4, \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0\uc11c \uac00\uc7a5 \uba3c\uc800 \uad6d\uc81c \uc2dc\uc7a5\uc5d0 \ubcf5\uadc0\ud55c \uc9c0\ubc29\uc815\ubd80\ub85c, \ub9cc\uae30 7\ub144, \uae08\ub9ac 9.75%\ub85c 7\uc5b52,500\ub9cc \ub2ec\ub7ec\ub97c \ubc1c\ud589\ud55c \ubc14 \uc788\ub2e4.
    \uc774\ubc88 \ubc1c\ud589\uc758 \ubaa9\ud45c\ub294 \uc870\ub2ec \ube44\uc6a9\uc744 \ub0ae\ucd94\uace0 \ub9cc\uae30\ub97c \uc5f0\uc7a5\ud558\ub294 \uac83\uc73c\ub85c, \uad6d\uac00 \uc704\ud5d8 \uc778\uc2dd\uc774 \uc644\ud654\ub418\uace0 \uc544\ub974\ud5e8\ud2f0\ub098 \uc790\uc0b0\uc5d0 \ub300\ud55c \ud22c\uc790 \uc218\uc694\uac00 \ud655\ub300\ub418\uace0 \uc788\ub294 \ud658\uacbd\uc744 \ud65c\uc6a9\ud558\ub824\ub294 \uc804\ub7b5\uc774\ub2e4.
    <\/li>\n\n\n\n
  7. YPF\uc640 \ub85c\ub9c8 \ub124\uadf8\ub77c, \ub2ec\ub7ec \ud45c\uc2dc \uc2e0\uaddc \ud68c\uc0ac\ucc44 \ubc1c\ud589\uc73c\ub85c \uc2dc\uc7a5 \uc9c4\ucd9c
    \ub450 \uac1c\uc758 \uc544\ub974\ud5e8\ud2f0\ub098 \uae30\uc5c5\uc774 \uc790\uad6d \uc790\uc0b0\uc5d0 \ub300\ud55c \ud22c\uc790\uc790\ub4e4\uc758 \ud68c\ubcf5\ub41c \uad00\uc2ec\uc744 \ud65c\uc6a9\ud574 \uc774\ubc88 \uc8fc \ub2ec\ub7ec \ud45c\uc2dc \ucc44\uad8c \ubc1c\ud589\uc5d0 \ub098\uc130\ub2e4. \ub300\uc0c1\uc740 \uad6d\uc601 \uc11d\uc720\ud68c\uc0ac YPF\uc640 \uc2dc\uba58\ud2b8 \uc5c5\uccb4 \ub85c\ub9c8 \ub124\uadf8\ub77c(Loma Negra)\ub85c, \uc774\ub4e4 \uae30\uc5c5\uc740 \ud654\uc694\uc77c\uacfc \uc218\uc694\uc77c\uc5d0 \uac78\uccd0 \uc0c8\ub85c\uc6b4 \ub2ec\ub7ec \ucc44\uad8c \uc785\ucc30\uc744 \uc9c4\ud589\ud55c\ub2e4.
    YPF\ub294 2025\ub144\uc5d0 \ucc98\uc74c \ubc1c\ud589\ub41c \ucc44\uad8c\uc744 \uc7ac\uac1c(\ub9ac\uc624\ud508)\ud558\ub294 \ubc29\uc2dd\uc73c\ub85c \ubbf8\ud654 3\uc5b5\uc5d0\uc11c 5\uc5b5 \ub2ec\ub7ec \uc815\ub3c4\uc758 \uc870\ub2ec\uc744 \uc2dc\ub3c4\ud560 \uc608\uc815\uc774\ub2e4. \ud574\ub2f9 \ucc44\uad8c\uc758 \ub9cc\uae30\ub294 2034\ub144\uc774\uba70, \uc5f0 8.25%\uc758 \uace0\uc815 \uae08\ub9ac\uac00 \uc801\uc6a9\ub41c\ub2e4. \uc6d0\uae08 \uc0c1\ud658\uc740 2032\ub144\ubd80\ud130 \ubd84\ud560 \uc0c1\ud658 \ubc29\uc2dd\uc73c\ub85c \uc2dc\uc791\ub418\uba70, \uc774\uc790\ub294 \ub9e4\ub144 1\uc6d4 17\uc77c\uacfc 7\uc6d4 17\uc77c, \uc989 \ubc18\uae30\ub9c8\ub2e4 \uc9c0\uae09\ub418\uace0 \ucc44\uad8c \uc874\uc18d \uae30\uac04 \ub3d9\uc548 \ub3d9\uc77c\ud558\uac8c \uc720\uc9c0\ub41c\ub2e4.
    \ud55c\ud3b8 \ub85c\ub9c8 \ub124\uadf8\ub77c\ub294 \uad6d\ub0b4 \ucc44\uad8c \uc2dc\uc7a5\uc5d0\uc11c \uae30\uc874 \ub2ec\ub7ec \ubd80\ucc44 \ubc1c\ud589 \uaddc\ubaa8\ub97c \ud655\ub300\ud560 \uacc4\ud68d\uc774\ub2e4. \uc870\ub2ec \ubaa9\ud45c \uae08\uc561\uc740 4\ucc9c\ub9cc\uc5d0\uc11c 6\ucc9c\ub9cc \ub2ec\ub7ec\uc774\uba70, \uace0\uc815 \uae08\ub9ac \ucc44\uad8c\uc73c\ub85c \ubc1c\ud589\ub418\uc9c0\ub9cc MEP \ud658\uc728\uc5d0 \uc5f0\ub3d9\ub418\ub294 \uad6c\uc870\ub2e4.
    \ub450 \uae30\uc5c5\uc758 \uc774\ubc88 \ubc1c\ud589\uc740 \uae08\uc735 \uc5ec\uac74 \uac1c\uc120\uacfc \ub2ec\ub7ec \ud45c\uc2dc \uc0c1\ud488\uc5d0 \ub300\ud55c \ud22c\uc790\uc790 \uc120\ud638\uac00 \ub9de\ubb3c\ub9ac\uba74\uc11c, \uc544\ub974\ud5e8\ud2f0\ub098 \uc790\uc0b0\uc5d0 \ub300\ud55c \uc218\uc694\uac00 \ud655\ub300\ub418\uace0 \uc788\ub294 \ud658\uacbd \uc18d\uc5d0\uc11c \uc774\ub8e8\uc5b4\uc9c0\uace0 \uc788\ub2e4.
    <\/li>\n\n\n\n
  8. \uae08, \uc0ac\uc0c1 \ucd5c\uace0\uce58 \uacbd\uc2e0\u2026\uae00\ub85c\ubc8c \uc548\uc804\uc790\uc0b0\uc73c\ub85c\uc11c\uc758 \uc5ed\ud560 \uac15\ud654
    \uae08 \uac00\uaca9\uc740 \uc911\uc559\uc740\ud589, \uae30\uad00\ud22c\uc790\uc790, \uac1c\uc778 \ud22c\uc790\uc790\ub4e4\uc758 \uac15\ud55c \uc218\uc694\uc5d0 \ud798\uc785\uc5b4 \uc0c1\uc2b9\uc138\ub97c \uba48\ucd94\uc9c0 \uc54a\uace0 \uc788\ub2e4. \uc774\ub7ec\ud55c \ud750\ub984\uc740 \ub2ec\ub7ec \uc57d\uc138, \ubbf8\uad6d\uacfc \uc911\uad6d \uac04 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5 \uace0\uc870, \uadf8\ub9ac\uace0 \ubd88\ud655\uc2e4\uc131\uc73c\ub85c \uac00\ub4dd \ucc2c \uae00\ub85c\ubc8c \ud658\uacbd\uc5d0 \uc758\ud574 \ub354\uc6b1 \uac00\uc18d\ud654\ub418\uace0 \uc788\ub2e4.
    \uae08 \uc628\uc2a4\ub2f9 \uac00\uaca9\uc740 \ubaa9\uc694\uc77c \uc0ac\uc0c1 \ucd5c\uace0\uce58\uc5d0 \uadfc\uc811\ud558\uba70 \ubbf8\ud654 4,700\ub2ec\ub7ec \uc120\uc744 \uc704\ud611\ud588\ub2e4. \uac19\uc740 \uc2dc\uc810\uc5d0 \ub2ec\ub7ec\ub294 \ub2e4\uc2dc \uc57d\uc138\ub97c \ubcf4\uc600\uace0, \ub2ec\ub7ec \uc778\ub371\uc2a4(DXY)\ub294 0.55% \ud558\ub77d\ud574 98.5\ud3ec\uc778\ud2b8\ub97c \uae30\ub85d\ud588\ub2e4.
    \uadc0\uae08\uc18d \uac00\uaca9\uc758 \uc0c1\uc2b9 \ucd94\uc138\ub294 2023\ub144, \uae08\uc774 \ucc98\uc74c\uc73c\ub85c \uc628\uc2a4\ub2f9 2,000\ub2ec\ub7ec\ub97c \ub3cc\ud30c\ud558\uba74\uc11c \uc2dc\uc791\ub418\uc5c8\uace0, 2025\ub144\uc5d0\ub294 3,000\ub2ec\ub7ec \uc120\uc744 \ub3cc\ud30c\ud558\uba70 \ub354\uc6b1 \uac00\uc18d\ud654\ub418\uc5c8\ub2e4. \uc62c\ud574 \ub4e4\uc5b4\uc11c\ub294 \uc0c1\uc2b9\uc138\uac00 \ud55c\uce35 \uac15\ud654\ub418\uba70 \uc628\uc2a4\ub2f9 4,676\ub2ec\ub7ec\uae4c\uc9c0 \uc624\ub974\uba74\uc11c, \uc7a5\uae30\uc801\uc778 \uc0c1\uc2b9 \ucd94\uc138\uac00 \ud655\uace0\ud788 \uc790\ub9ac \uc7a1\uace0 \uc788\ub2e4.
    \uc774\ub7ec\ud55c \ud658\uacbd \uc18d\uc5d0\uc11c \uae08\uc740 \uae08\uc735 \ubc0f \ud658\uc728 \ubcc0\ub3d9\uc131\uc5d0 \ub300\uc751\ud558\ub294 \uc804\ud1b5\uc801\uc778 \uac00\uce58 \uc800\uc7a5 \uc218\ub2e8(\uc548\uc804\uc790\uc0b0)\uc73c\ub85c\uc11c\uc758 \uc5ed\uc0ac\uc801 \uc5ed\ud560\uc744 \ub2e4\uc2dc \ud55c\ubc88 \ud655\uc2e4\ud788 \ud558\uace0 \uc788\ub2e4.
    (\uc774 \ubc88\uc5ed \uae30\uc0ac\ub294 \uc804\uc5d0 \uac83\ubcf4\ub2e4 \ud558\ub8e8 \ube60\ub978 \ub0a0\uc9dc \uac83\uc785\ub2c8\ub2e4. \uc21c\uc11c\uac00 \ubc14\ub00c\uc5c8\uc2b5\ub2c8\ub2e4.)<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":11192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-11191","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\/11191","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=11191"}],"version-history":[{"count":0,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/11192"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}