{"id":11932,"date":"2026-03-25T15:10:23","date_gmt":"2026-03-25T18:10:23","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11932"},"modified":"2026-03-25T15:10:25","modified_gmt":"2026-03-25T18:10:25","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c03%ec%9b%94-25%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11932","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(03\uc6d4 25\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \uc815\ubd80 \ud658\uc728 \uc548\uc815\uacfc \uae08\ub9ac \ud558\ub77d \uc704\ud574 \ub18d\uc5c5 \ubd80\ubb38 \uc678\ud654 \ub9e4\uac01(\ud658\uc804) \ucd09\uc9c4 \uc804\ub7b5
    \uc815\ubd80\uc758 \uacf5\uc2dd \uacbd\uc81c \uc804\ub7b5\uc740 3\uc8fc \uc804 \ubc29\ud5a5\uc744 \ubc14\uafb8\uc5b4, \uc2dc\uc7a5 \uc720\ub3d9\uc131\uc744 \uc6b0\uc120 \ud655\ubcf4\ud558\uace0 \uae08\ub9ac \uc778\ud558\ub97c \ud1b5\ud574 \uacbd\uc81c\ub97c \uc7ac\ud65c\uc131\ud654\ud558\ub294 \ub370 \ucd08\uc810\uc744 \ub9de\ucdc4\ub2e4. \uc774 \uc870\uce58\ub294 \ub18d\uc5c5 \ubd80\ubb38\uc758 \uc678\ud654 \ub9e4\uac01 \uc18d\ub3c4\uac00 \ube68\ub77c\uc9c0\ub294 \ub370 \uae30\ubc18\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc911\uc559\uc740\ud589\uc758 \ud398\uc18c \uacf5\uae09\uc774 \ub2ec\ub7ec \ud658\uc728 \uc0c1\uc2b9\uc73c\ub85c \uc774\uc5b4\uc9c0\ub294 \uac83\uc744 \uc644\ud654\ud55c\ub2e4. \ub8e8\uc774\uc2a4 \uce74\ud478\ud1a0 \uacbd\uc81c\ubd80 \uc7a5\uad00\uc740 \ud604\uc7ac \ub18d\uc5c5 \uc0c1\ud669\uc744 \u201c\uc808\ub300\uc801\uc778 \ud638\ud669\u201d\uc774\ub77c\uace0 \ud3c9\uac00\ud558\uba70, \uc62c\ud574 \uc218\ucd9c\uc774 87\uc5b5 \ub2ec\ub7ec\uae4c\uc9c0 \ub354 \uc99d\uac00\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4. \uc774\ub7ec\ud55c \ub9e5\ub77d\uc5d0\uc11c \uc7ac\ubb34\uccad\uc7a5 \ud398\ub370\ub9ac\ucf54 \ud478\ub9ac\uc544\uc138\ub294 \uae08\uc694\uc77c \uad6d\ucc44 \uc785\ucc30 \uc870\uac74\uc744 \uacb0\uc815\ud560 \uc608\uc815\uc774\uba70, \uc57d 8\uc870 \ud398\uc18c \uaddc\ubaa8\uc758 \ub9cc\uae30\uac00 \ub3c4\ub798\ud558\ub294 \uac00\uc6b4\ub370 \uae08\ub9ac \ud558\ub77d \ucd94\uc138\uac00 \uc2dc\ud5d8\ub300\uc5d0 \uc624\ub978\ub2e4. \ud604\uc7ac Lecap\uacfc Boncap \uc218\uc775\ub960\uc740 \uc5f0 30% \uc774\ud558\ub85c, 2026\ub144 REM (\uc2dc\uc7a5\uae30\ub300\uc9c0\uc218) \uc608\uc0c1 \uc778\ud50c\ub808\uc774\uc158 26%\ubcf4\ub2e4 \ub0ae\uc740 \uc218\uc900\uae4c\uc9c0 \ub0b4\ub824\uac14\ub2e4. \uacbd\uc81c\ud300\uc740 4\uc6d4 \ub300\ub450 \uc218\ucd9c \ub2ec\ub7ec \uc720\uc785\uc774 \ud658\uc728 \uc555\ub825\uc744 \uc644\ud654\ud574 \uae08\ub9ac\uac00 \uacc4\uc18d \ud558\ub77d\ud558\uace0, \uace0\uc815\uae08\ub9ac \ub300\ucd9c \ud655\ub300\ub97c \ud1b5\ud574 \uacbd\uc81c \ud65c\ub3d9\uc744 \ucd09\uc9c4\ud560 \uac83\uc73c\ub85c \uae30\ub300\ud558\uace0 \uc788\ub2e4.<\/li>\n\n\n\n
  2. \ud658\uc728 \uc2dc\uc7a5 \uc548\uc815 \uc18d \ub2e4\uc2dc \ud65c\uae30
    \uc5f0\ud734 \uc774\ud6c4 \ud658\uc728 \uc2dc\uc7a5\uc740 \uc804\ubc18\uc801\uc73c\ub85c \uc548\uc815\ub41c \ubd84\uc704\uae30 \uc18d\uc5d0\uc11c \uac70\ub798\ub97c \uc7ac\uac1c\ud588\ub2e4. \ub3c4\ub9e4 \ub2ec\ub7ec \ud658\uc728\uc740 \uc815\ubd80\uc758 \uad00\ub9ac\ud615 \ud06c\ub864\ub9c1 \ud398\uadf8 \uc81c\ub3c4 \ud558\uc5d0\uc11c 1,390.50\ud398\uc18c\uc5d0 \uac70\ub798\ub410\ub2e4. \ubc18\uba74 \uae08\uc735 \ud658\uc728\uc740 \uc678\ud654 \uc218\uc694 \uc99d\uac00\ub85c \uc18c\ud3ed \uc0c1\uc2b9\uc138\ub97c \ubcf4\uc600\ub2e4. CCL\uc740 1,461.47\ud398\uc18c, MEP\ub294 \ub9e4\ub3c4 \uae30\uc900 1,415.68\ud398\uc18c\ub97c \uac01\uac01 \uae30\ub85d\ud588\ub2e4. \uc774\ub85c \uc778\ud574 \ud658\uc728 \uaca9\ucc28\ub294 \uac01\uac01 5.1%\uc640 1.8%\ub85c \uc5ed\uc0ac\uc801\uc73c\ub85c \ub0ae\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uace0 \uc788\ub2e4. \ud604\uc7ac \uc0c1\ud669\uc740 \ud398\uc18c \uc720\ub3d9\uc131\uacfc \uc911\uc559\uc740\ud589\uc758 \uc678\ud658\ubcf4\uc720\uace0 \ud655\ucda9 \ub2a5\ub825\uc5d0 \uc758\ud574 \uc88c\uc6b0\ub418\uace0 \uc788\ub2e4. \ub610\ud55c \uc218\ucd9c \uc99d\uac00 \uae30\ub300\uc640 \uc5d0\ub108\uc9c0 \uc218\uc9c0 \ud751\uc790 \ud68c\ubcf5 \uc804\ub9dd\ub3c4 \ud658\uc728 \uc548\uc815\uc5d0 \uae30\uc5ec\ud558\uace0 \uc788\ub2e4. \ub18d\uc0b0\ubb3c \uc218\ud655\uae30 \uc678\ud654 \uc720\uc785\uacfc \ub192\uc740 \ud398\uc18c \uae08\ub9ac\ub294 \ub2e8\uae30\uc801\uc73c\ub85c \uc774 \ud750\ub984\uc744 \uac15\ud654\ud558\uace0 \uc788\ub2e4. \uc774\ub978\ubc14 \u2018\uce90\ub9ac \ud2b8\ub808\uc774\ub4dc\u2019 \ud604\uc0c1\uc740 \uacc4\uc18d\ud574\uc11c \uad6d\ub0b4 \uc790\uc0b0\uc5d0 \ub300\ud55c \uc218\uc694\ub97c \ub2ec\ub7ec\ubcf4\ub2e4 \ub192\uc774\ub294 \uc694\uc778\uc73c\ub85c \uc791\uc6a9\ud558\uace0 \uc788\ub2e4.<\/li>\n\n\n\n
  3. \uc544\ub974\ud5e8\ud2f0\ub098 \uacbd\uc81c 2025\ub144 4.4% \uc131\uc7a5
    \uc544\ub974\ud5e8\ud2f0\ub098 GDP\ub294 2025\ub144\uc5d0 4.4% \uc99d\uac00\ud558\uc5ec 2022\ub144 \ucd5c\uace0\uce58\ub97c \ub118\uc5b4\uc130\uace0, \ucd08\uae30 \uc870\uc815 \uc774\ud6c4 \ud68c\ubcf5\uc138\ub97c \ud655\uace0\ud788 \ud588\ub2e4. \uad6d\uac00\ud1b5\uacc4\uccad\uc5d0 \ub530\ub974\uba74, \uc774\ub7ec\ud55c \uc131\uc7a5\uc740 \uace0\uc815\uc790\ubcf8 \ud615\uc131 16.4% \uc99d\uac00, \ubbfc\uac04 \uc18c\ube44 7.9% \uc99d\uac00, \uc218\ucd9c 7.6% \uc99d\uac00\uc5d0 \uc758\ud574 \uacac\uc778\ub410\ub2e4. \ubd80\ubb38\ubcc4\ub85c\ub294 \uae08\uc735 \uc911\uac1c\uc5c5\uc774 24.7%\ub85c \uac00\uc7a5 \ub192\uc740 \uc131\uc7a5\ub960\uc744 \uae30\ub85d\ud588\uace0, \uc774\uc5b4 \uad11\uc5c5 8.0%, \ud638\ud154 \ubc0f \uc678\uc2dd\uc5c5 7.4%\uac00 \ub4a4\ub97c \uc774\uc5c8\ub2e4. \ub18d\uc5c5\uacfc \uac74\uc124\ub3c4 \uac01\uac01 6.2%\uc640 4.3% \uc99d\uac00\ud588\ub2e4. \ubc18\uba74 \uc5b4\uc5c5\uacfc \uacf5\uacf5\ud589\uc815\uc740 \uac10\uc18c\ud588\ub2e4.
    \uacbd\uc81c\ubd80 \uc7a5\uad00 \ub8e8\uc774\uc2a4 \uce74\ud478\ud1a0\ub294 16\uac1c \uc0b0\uc5c5 \uc911 12\uac1c\uac00 \uc131\uc7a5\ud558\uba70 \uc2e4\uc9c8 GDP\uac00 \uc5ed\uc0ac\uc801 \ucd5c\uace0 \uc218\uc900\uc5d0 \ub3c4\ub2ec\ud588\ub2e4\uace0 \uac15\uc870\ud588\ub2e4. 2025\ub144 \ub9c8\uc9c0\ub9c9 \ubd84\uae30\uc5d0\ub294 \uacc4\uc808\uc870\uc815 \uae30\uc900 0.6% \uc131\uc7a5\ud588\uc73c\uba70, \ud2b9\ud788 \uc218\ucd9c\uc774 \uc804\ub144 \ub300\ube44 10.9% \uc99d\uac00\ud558\uba74\uc11c \ub300\uc678 \ubd80\ubb38\uc774 \uc131\uc7a5\uc744 \uc8fc\ub3c4\ud588\ub2e4. \uc774\ub7ec\ud55c \ud655\uc7a5 \uad6d\uba74\uc740 2026\ub144\uc5d0\ub3c4 \uc778\ud50c\ub808\uc774\uc158 \uc548\uc815\uacfc \uc678\ud654 \uc720\ub3d9\uc131 \ud655\ub300\ub97c \uc804\uc81c\ub85c \uae0d\uc815\uc801\uc778 \uc804\ub9dd\uc744 \uac15\ud654\ud558\uace0 \uc788\ub2e4.<\/li>\n\n\n\n
  4. \uc911\ub3d9 \ubd84\uc7c1\uc73c\ub85c \uae00\ub85c\ubc8c \uc5d0\ub108\uc9c0 \uc2dc\uc7a5\uc5d0 \uadf9\uc2ec\ud55c \uae34\uc7a5 \ubc1c\uc0dd
    \uc911\ub3d9 \uc804\uc7c1 \uaca9\ud654\ub294 \uc5d0\ub108\uc9c0 \uacf5\uae09 \uc704\uae30\ub97c \ucd09\ubc1c\ud558\uba70 \uae00\ub85c\ubc8c \uc2dc\uc7a5\uc744 \uae34\uc7a5 \uc0c1\ud0dc\ub85c \ubab0\uc544\ub123\uace0 \uc788\uace0, \uc804 \uc138\uacc4 \uc778\ud50c\ub808\uc774\uc158 \uc0c1\uc2b9\uc744 \uc704\ud611\ud558\uace0 \uc788\ub2e4. \uad6d\uc81c\uc5d0\ub108\uc9c0\uae30\uad6c\uc758 \ud30c\ud2f0 \ube44\ub864 \uc0ac\ubb34\ucd1d\uc7a5\uc740 \ud544\uc694 \uc2dc \uc804\ub7b5\ube44\ucd95\uc720\ub97c \ubc29\ucd9c\ud560 \uc900\ube44\uac00 \ub418\uc5b4 \uc788\ub2e4\uace0 \ubc1d\ud614\ub2e4. \uc774\ubbf8 \uc57d 4\uc5b5 \ubc30\ub7f4 \ubc29\ucd9c\uc774 \ud569\uc758\ub418\uc5c8\uc73c\uba70, \uc774\ub294 \uc804\uccb4 \ube44\ucd95\ub7c9\uc758 \uc57d 20% \uc218\uc900\uc774\ub2e4. \uc774\ub294 \uc77c\ubcf8 \ucd1d\ub9ac \uc0ac\ub098\uc5d0 \ub2e4\uce74\uc774\uce58\uc758 \uc694\uccad\uc5d0 \ub530\ub978 \uc870\uce58\ub85c, \uc774\ub780\uacfc\uc758 \uac08\ub4f1 \uc7a5\uae30\ud654\uc5d0 \ub300\ube44\ud55c \uac83\uc774\ub2e4. \ud604\uc7ac \uc6b0\ub824\ub294 \uc6d0\uc720 \uc790\uccb4\ubcf4\ub2e4 \uc815\uc81c \uc81c\ud488 \uac00\uaca9\uc73c\ub85c \uc774\ub3d9\ud558\uace0 \uc788\uc73c\uba70, \ud56d\uacf5\uc720\ub294 \ubc30\ub7f4\ub2f9 200\ub2ec\ub7ec\ub97c \ub118\uc5b4\uc130\ub2e4. \uc774\ub7ec\ud55c \uacf5\uae09 \ubd88\uade0\ud615\uc758 \ud575\uc2ec \uc6d0\uc778\uc740 \ud638\ub974\ubb34\uc988 \ud574\ud611\uc758 \uac70\uc758 \uc644\uc804\ud55c \ubd09\uc1c4\ub85c, \uc774 \uc8fc\uc694 \ubb3c\ub958 \ud1b5\ub85c\uc758 \ucc28\ub2e8\uc774 \uc804\ub840 \uc5c6\ub294 \uacf5\uae09 \ucda9\uaca9\uc744 \uc57c\uae30\ud588\ub2e4.<\/li>\n\n\n\n
  5. \uae00\ub85c\ubc8c \ubcc0\ub3d9\uc131: \uc911\ub3d9 \uc704\uae30\ub85c \uc720\uac00 100\ub2ec\ub7ec \uadfc\uc811, \uc99d\uc2dc \ud558\ub77d
    \uae00\ub85c\ubc8c \uae08\uc735\uc2dc\uc7a5\uc740 \ubbf8\uad6d\uacfc \uc774\ub780 \uac04 \uac08\ub4f1 \ud655\ub300 \uac00\ub2a5\uc131\uc5d0 \ub300\ud55c \ubd88\ud655\uc2e4\uc131\uc73c\ub85c \uc804\ubc18\uc801\uc778 \ud558\ub77d\uc138\ub97c \ubcf4\uc600\ub2e4. \ub098\uc2a4\ub2e5\uc740 0.8% \ud558\ub77d\ud558\uba70 \uac00\uc7a5 \ud070 \ub099\ud3ed\uc744 \uae30\ub85d\ud588\uace0, S&P500\uacfc \ub2e4\uc6b0\uc874\uc2a4\ub3c4 \ud558\ub77d\ud588\ub2e4. \ubc18\uba74 \ube0c\ub80c\ud2b8\uc720\ub294 \ud558\ub8e8 \ub9cc\uc5d0 4% \uc774\uc0c1 \uc0c1\uc2b9\ud558\uba70 \ubc30\ub7f4\ub2f9 100\ub2ec\ub7ec\uc5d0 \uadfc\uc811\ud588\ub2e4. \ud14c\ud5e4\ub780\uc774 \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504\uc758 \ud611\uc0c1 \ubc1c\uc5b8\uc744 \ubd80\uc778\ud558\uace0, \ubbf8 \uad6d\ubc29\ubd80\uac00 \ud2b9\uc218\ubd80\ub300 \ud30c\uacac\uc744 \uc900\ube44 \uc911\uc774\ub77c\ub294 \ubcf4\ub3c4\uac00 \ub098\uc624\uba74\uc11c \uae34\uc7a5\uc740 \ub354\uc6b1 \uace0\uc870\ub410\ub2e4. \ud22c\uc790\uc790\ub4e4\uc758 \ubd88\uc548\uc740 \ubbf8\uad6d \uad6d\ucc44\uc640 \uadc0\uae08\uc18d \ub4f1 \uc548\uc804\uc790\uc0b0 \uc218\uc694\ub97c \ub04c\uc5b4\uc62c\ub838\ub2e4. \uc6d4\uc694\uc77c\uc5d0\ub294 \uc678\uad50\uc801 \uae30\ub300\uac10\uc73c\ub85c \uc99d\uc2dc\uac00 \uc0c1\uc2b9\ud588\uc9c0\ub9cc, \uc5d0\ub108\uc9c0 \uc704\uae30\uc640 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc774 \uadf8 \uc0c1\uc2b9\ubd84\uc744 \ubaa8\ub450 \uc0c1\uc1c4\ud588\ub2e4. \uc774\ub7ec\ud55c \uadf9\ub3c4\uc758 \ubcc0\ub3d9\uc131 \uc18d\uc5d0\uc11c\ub3c4 \ub7ec\uc140 2000 \uc9c0\uc218\ub9cc 0.5% \uc18c\ud3ed \uc0c1\uc2b9\uc73c\ub85c \ub9c8\uac10\ud588\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":11933,"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-11932","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\/11932","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=11932"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11932\/revisions"}],"predecessor-version":[{"id":11934,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11932\/revisions\/11934"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/11933"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}