{"id":11862,"date":"2026-03-17T17:52:28","date_gmt":"2026-03-17T20:52:28","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11862"},"modified":"2026-03-17T17:52:30","modified_gmt":"2026-03-17T20:52:30","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c03%ec%9b%94-17%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11862","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(03\uc6d4 17\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \uc815\ubd80, \uc138\uc218 \uac10\uc18c\uc5d0\ub3c4 \uc7ac\uc815 \ud751\uc790 \uc720\uc9c0
    \uacbd\uc81c \ud65c\ub3d9\uc758 \uac15\ud55c \uc704\ucd95 \uc18d\uc5d0\uc11c\ub3c4 \uacbd\uc81c\ubd80\ub294 \uad6d\uac00 \uacf5\uacf5\ubd80\ubb38\uc774 2\uc6d4\uc5d0 1,444\uc5b5 2,100\ub9cc \ud398\uc18c\uc758 \uc7ac\uc815 \ud751\uc790\uc640 1\uc870 4\ucc9c\uc5b5 \ud398\uc18c\uc758 1\ucc28 \ud751\uc790\ub97c \uae30\ub85d\ud588\ub2e4\uace0 \ubc1c\ud45c\ud588\ub2e4.
    \uc774 \uacb0\uacfc\ub294 \uc7ac\uc815 \uae34\ucd95\uacfc \ube44\uc870\uc138 \uc218\uc785\uc758 \uc9c0\uc6d0 \ub355\ubd84\uc774\ub2e4.
    \uc138\uc218\ub294 \uc804\ub144 \ub300\ube44 \uc2e4\uc9c8 \uae30\uc900\uc73c\ub85c 9% \uac10\uc18c\ud588\uc9c0\ub9cc, \ucd1d\uc218\uc785\uc740 11\uc870 8\ucc9c\uc5b5 \ud398\uc18c\uc5d0 \ub3c4\ub2ec\ud588\uc73c\uba70, \uc774\ub294 \uacf5\uacf5\uc9c0\ucd9c\uc744 \uc2e4\uc9c8 \uae30\uc900 8% \uc0ad\uac10\ud55c \uac83\uc73c\ub85c \uc0c1\uc1c4\ub418\uc5c8\ub2e4.
    \ub610\ud55c \uc7ac\uc815 \uade0\ud615\uc740 \ubd80\ub3d9\uc0b0 \uc218\uc775 \ubc0f \uae30\ud0c0 \ube44\uc138\uc218 \uc218\uc785 \uc57d 8,500\uc5b5 \ud398\uc18c\uc758 \uae30\uc5ec\ub85c \uac15\ud654\ub418\uc5c8\ub2e4.
    \uc774\ub85c \uc778\ud574 \uc9c0\ucd9c\uc774 \uba85\ubaa9\uc0c1 21% \uc99d\uac00\ud588\uc74c\uc5d0\ub3c4
    (\uc778\ud50c\ub808\uc774\uc158\ubcf4\ub2e4 \ub0ae\uc740 \uc218\uc900) \uc99d\uac00\ubd84\uc744 \ud761\uc218\ud560 \uc218 \uc788\uc5c8\ub2e4.
    \uc774 \uacb0\uacfc\ub85c \uc815\ubd80\ub294, \uae08\uc735 \ud751\uc790: GDP \ub300\ube44 0.1%,
    1\ucc28 \ud751\uc790: GDP \ub300\ube44 0.4%\ub97c \ub2ec\uc131\ud588\uc73c\uba70,
    \ucd1d 4\uc870 5\ucc9c\uc5b5 \ud398\uc18c\uc758 \uc5ec\uc720 \uc790\uae08\uc744 \ud655\ubcf4\ud558\uc5ec
    \uc7ac\uc815 \uc815\ucc45\uc744 \uac15\ud654\ud558\uace0 IMF \ubd84\uae30 \ubaa9\ud45c \ub2ec\uc131 \uac00\ub2a5\uc131\uc744 \ub192\uc600\ub2e4.<\/li>\n\n\n\n
  2. \uad6d\uac00 \uc704\ud5d8\ub3c4 600bp \ub3cc\ud30c
    \ud22c\uc790\uc790 \ubd88\uc2e0\uc774 \ub2e4\uc2dc \uc2dc\uc7a5\uc744 \uc9c0\ubc30\ud558\uba74\uc11c
    \uad6d\uac00 \uc704\ud5d8\ub3c4\ub294 \ud558\ub8e8 \ub9cc\uc5d0 17\ud3ec\uc778\ud2b8(+2.9%) \uc0c1\uc2b9\ud574 601bp\uc5d0 \ub3c4\ub2ec\ud588\ub2e4.
    \uc774\ub294 12\uc6d4 \uc911\uc21c \uc774\ud6c4 \ucd5c\uace0 \uc218\uc900\uc774\ub2e4.
    JP\ubaa8\uac74 \uc9c0\ud45c \uc0c1\uc2b9\uc740, \ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44 \uc804\ubc18\uc758 \ud558\ub77d\uacfc \ud568\uaed8 \ub098\ud0c0\ub0ac\uc73c\uba70, \ud2b9\ud788 \uc7a5\uae30\ucc44\ub294 \ucd5c\ub300 1.2% \ud558\ub77d\ud588\ub2e4.
    \uc774\ub294 \uae00\ub85c\ubc8c \uc720\ub3d9\uc131 \uac10\uc18c, \uc548\uc804\uc790\uc0b0\uc73c\ub85c\uc758 \uc790\uae08 \uc774\ub3d9\uc744 \ubc18\uc601\ud55c\ub2e4.
    \uc8fc\uc2dd\uc2dc\uc7a5\ub3c4 \ud0c0\uaca9\uc744 \ubc1b\uc544, \uba54\ub974\ubc1c \uc9c0\uc218\ub294 1.4% \ud558\ub77d(\ub2ec\ub7ec \uae30\uc900 -1.7%)\ud558\uba70 3\uc77c \uc5f0\uc18d \ud558\ub77d\ud588\ub2e4.
    ADR \uc5ed\uc2dc \ub300\ubd80\ubd84 \ud558\ub77d \ub9c8\uac10\ud588\ub2e4.
    \ubc18\uba74 \ub274\uc695 \uc8fc\uc694 \uc9c0\uc218\ub294 1.2% \uc0c1\uc2b9\ud588\uace0,
    \uad6d\uc81c \uc720\uac00\ub294 3% \ud558\ub77d\ud588\uc9c0\ub9cc, \uc5ec\uc804\ud788 \ubc30\ub7f4\ub2f9 100\ub2ec\ub7ec \uc774\uc0c1\uc744 \uc720\uc9c0\ud588\ub2e4.
    \uc774\ub85c \uc778\ud574 \uc544\ub974\ud5e8\ud2f0\ub098\ub294 \uae00\ub85c\ubc8c \ub099\uad00 \ud750\ub984\uc5d0\uc11c \uc0c1\ub300\uc801\uc73c\ub85c \uace0\ub9bd\ub41c \ubaa8\uc2b5\uc744 \ubcf4\uc600\ub2e4.<\/li>\n\n\n\n
  3. \uc911\uc559\uc740\ud589 \uc678\ud658\ubcf4\uc720\uace0, \ucd5c\uadfc \uc218\uac1c\uc6d4 \ucd5c\ub300 \ud558\ub8e8 \uac10\uc18c
    \uc678\ubd80 \uc720\ub3d9\uc131 \uae09\uac10 \uc18d\uc5d0\uc11c, \uc911\uc559\uc740\ud589 \uc678\ud658\ubcf4\uc720\uace0\ub294 \ud558\ub8e8 \ub9cc\uc5d0 8\uc5b57,100\ub9cc \ub2ec\ub7ec \uac10\uc18c\ud558\uc5ec, \ucd1d 447\uc5b58,800\ub9cc \ub2ec\ub7ec\ub85c \ub5a8\uc5b4\uc84c\ub2e4.
    \uc774\ub294 1\uc6d4 \ub9d0 \uc774\ud6c4 \ucd5c\uc800 \uc218\uc900\uc774\ub2e4.
    \uc774 \ud558\ub77d\uc740(\uc6d4\ub9d0 \uc9c0\uae09 \ub4f1 \uc77c\uc2dc\uc801 \uc694\uc778\uc744 \uc81c\uc678\ud558\uba74) 2025\ub144 7\uc6d4 \uc774\ud6c4 \uac00\uc7a5 \ud070 \uac10\uc18c\ud3ed\uc774\ub2e4.
    \uc8fc\uc694 \uc6d0\uc778\uc740, \uad6d\uc81c\uae30\uad6c \ucc44\ubb34 \uc0c1\ud658, \ubbf8\uc8fc\uac1c\ubc1c\uc740\ud589(BID), \uc138\uacc4\uc740\ud589(IBRD) \uc9c0\uae09 \ub4f1\uc774\uc5c8\ub2e4.
    \uc911\uc559\uc740\ud589\uc774 5,000\ub9cc \ub2ec\ub7ec \uc21c\ub9e4\uc218\ub97c \ud588\uc9c0\ub9cc
    \ucc44\ubb34 \uc9c0\uae09\uacfc \uc790\uc0b0 \ud3c9\uac00\uc190\uc2e4(1\uc5b5 \ub2ec\ub7ec)\uae4c\uc9c0 \ub354\ud574\uc9c0\uba70, \uac10\uc18c\ub97c \ub9c9\uae30\uc5d0\ub294 \ubd80\uc871\ud588\ub2e4.
    \uc5f0\ucd08 \uc774\ud6c4 \ub204\uc801 \ub2ec\ub7ec \ub9e4\uc785\uc740 +33\uc5b54,800\ub9cc \ub2ec\ub7ec\ub97c \uc720\uc9c0\ud558\uace0 \uc788\uc74c\uc5d0\ub3c4, \uc774\ubc88 \uae09\ub77d\uc740 \uc678\ud658\uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uacfc \ud5a5\ud6c4 \ucc44\ubb34 \uc2a4\ucf00\uc904\uc5d0 \ub300\ud55c \uc6b0\ub824\ub97c \ub2e4\uc2dc \uc790\uadf9\ud588\ub2e4.<\/li>\n\n\n\n
  4. \uacf5\uc2dd \ud658\uc728, \ubc34\ub4dc \uc0c1\ub2e8\uacfc \uaca9\ucc28 \ud655\ub300
    \uacf5\uc2dd \ub3c4\ub9e4 \ud658\uc728\uc740 \uae00\ub85c\ubc8c \ud750\ub984\uacfc \uad34\ub9ac\ub97c \ubcf4\uc774\uba70
    4\ud398\uc18c \ud558\ub77d\ud574 1,396\ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4.
    \uc774\ub294 \ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8\uacfc\uc758 \uaca9\ucc28\uac00 8\uac1c\uc6d4 \ub9cc\uc5d0 \ucd5c\ub300 \uc218\uc900\uc73c\ub85c \ud655\ub300\ub41c \uac83\uc774\ub2e4.
    \ud604\uc7ac \ud658\uc728\uc740 \uc0c1\ub2e8 \uae30\uc900 1,632.48\ud398\uc18c \ub300\ube44
    16.9% \ub0ae\uc740 \uc218\uc900\uc774\ub2e4.
    \uc774 \ud558\ub77d\uc740, \uc9c0\ub09c\uc8fc 16\ud398\uc18c \ud558\ub77d \ud750\ub984\uc758 \uc5f0\uc7a5\uc774\ub2e4.
    \uc2dc\uc7a5\uc5d0\uc11c \uac70\ub798 \uaddc\ubaa8\ub294 3\uc5b57,090\ub9cc \ub2ec\ub7ec\uc600\ub2e4.
    2\uc6d4 \uc778\ud50c\ub808\uc774\uc158 \ub370\uc774\ud130 \ubc18\uc601 \ub4f1\uc774 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4.
    \uad6d\uc81c\uc801\uc73c\ub85c\ub294, \ub2ec\ub7ec\uac00 1.3% \uac15\uc138\ub97c \ubcf4\uc600\uace0
    \uc720\uac00\ub294 \ub2e4\uc2dc 100\ub2ec\ub7ec\ub97c \ub3cc\ud30c\ud588\ub2e4.
    \uc120\ubb3c\uc2dc\uc7a5\ub3c4 \uc57d\uc138\ub97c \ubcf4\uc774\uba70, 3\uc6d4 \ud658\uc728\uc744 \uc57d 1,410\ud398\uc18c\ub85c \uc608\uc0c1\ud588\ub2e4.
    \uae08\uc735 \ud658\uc728\uc740, MEP: 1,424.92\ud398\uc18c (\uaca9\ucc28 2.07%), CCL: 1,473.91\ud398\uc18c (\uaca9\ucc28 5.58%)
    \ub85c \ub9c8\uac10\ud588\ub2e4.<\/li>\n\n\n\n
  5. \ub300\ub450 \uac00\uaca9, 2023\ub144 \uc774\ud6c4 \ucd5c\ub300 \ud558\ub77d
    \uc2dc\uce74\uace0 \ub18d\uc0b0\ubb3c \uc2dc\uc7a5\uc5d0\uc11c, \ub300\ub450\ub294 6.1% \uae09\ub77d\ud574 \ud1a4\ub2f9 424.10\ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4.
    \uc774\ub294 1\ub144 \uc774\uc0c1 \ub9cc\uc5d0 \uac00\uc7a5 \ud070 \uc77c\uc77c \ud558\ub77d\uc774\ub2e4.
    \uc774 \ud558\ub77d\uc740, \uc625\uc218\uc218 -2.9%, \ubc00 -2.8%\ub85c \ud655\uc0b0\ub418\uc5c8\ub2e4.
    \uc6d0\uc778\uc740, \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc774 \uc2dc\uc9c4\ud551\uacfc\uc758 \uc815\uc0c1\ud68c\ub2f4 \uc5f0\uae30 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud558\uba74\uc11c \uc911\uad6d\uc758 \ub300\uaddc\ubaa8 \uace1\ubb3c \uad6c\ub9e4 \uae30\ub300\uac00 \uc57d\ud654\ub41c \uac83\uc774\ub2e4.
    \ub610\ud55c \ubbf8\uad6d\uc758 \ub300\uc911 \uc555\ubc15, \ud638\ub974\ubb34\uc988 \ud574\ud611 \uae34\uc7a5 \ub4f1\uc774
    \uc815\uce58\uc801 \ubd88\ud655\uc2e4\uc131\uc744 \ud655\ub300\ud588\ub2e4.
    \ube0c\ub77c\uc9c8\uc740 \uc218\ucd9c \ud655\ub300\ub97c \uc704\ud574 \uac80\uc0ac \uaddc\uc81c\ub97c \uc644\ud654\ud588\uace0, \ud22c\uc790\uc790\ub4e4\uc740 \uc6d0\uc790\uc7ac\uc5d0\uc11c \uc8fc\uc2dd\uc2dc\uc7a5\uc73c\ub85c \uc790\uae08\uc744 \uc774\ub3d9\uc2dc\ucf1c \uace1\ubb3c \uc2dc\uc7a5\uc758 \uad6c\ub9e4 \uae30\ubc18\uc774 \uc57d\ud654\ub418\uc5c8\ub2e4.<\/li>\n\n\n\n
  6. \uc911\ub3d9 \uc5d0\ub108\uc9c0 \ucda9\uaca9, \uae00\ub85c\ubc8c \uc131\uc7a5 \ub454\ud654 \uc804\ub9dd
    \uc911\ub3d9 \ubd84\uc7c1\uacfc \ud638\ub974\ubb34\uc988 \ud574\ud611 \ubd88\uc548\uc73c\ub85c, \uc138\uacc4 \uacbd\uc81c \uc804\ub9dd\uc774 \ud06c\uac8c \uc218\uc815\ub418\uace0 \uc788\ub2e4.
    \uace8\ub4dc\ub9cc\uc0ad\uc2a4\ub294, \uae00\ub85c\ubc8c GDP\uac00 0.3% \uac10\uc18c\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4.
    \uc720\uac00\uc640 \uac00\uc2a4 \uac00\uaca9 \uc0c1\uc2b9\uc740 \uacbd\uc81c \uc131\uc7a5 \ub454\ud654\ubfd0 \uc544\ub2c8\ub77c \uac15\ud55c \uc778\ud50c\ub808\uc774\uc158 \uc555\ub825\uc744 \uc720\ubc1c\ud55c\ub2e4.
    \uc131\uc7a5\ub960: 2.9% \u2192 2.6% \ud558\ud5a5\ud588\uace0,
    \uc778\ud50c\ub808\uc774\uc158: +0.5~0.6%p \uc0c1\uc2b9\ud588\ub2e4.
    \uc0c8 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294, \uae00\ub85c\ubc8c \uc778\ud50c\ub808\uc774\uc158\uc774 2.9%\uae4c\uc9c0 \uc0c1\uc2b9\ud588\ub2e4.
    \uc774\uc804 \uc804\ub9dd(2.3%)\uc744 \ud06c\uac8c \uc0c1\ud68c\ud560 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.
    \uc774\ub294, \ubb3c\ub958\ube44 \uc0c1\uc2b9, \uc0dd\uc0b0\ube44 \uc99d\uac00\ub85c \uc774\uc5b4\uc9c0\uba70
    \uacbd\uc81c \ubaa8\ub378 \uc790\uccb4\ub97c \ubcc0\ud654\uc2dc\ud0a4\uace0, \uc18c\ube44\uc790 \ubd80\ub2f4\uc744 \ud06c\uac8c \ub298\ub9b4 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":11863,"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-11862","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\/11862","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=11862"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11862\/revisions"}],"predecessor-version":[{"id":11864,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11862\/revisions\/11864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/11863"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}