{"id":12296,"date":"2026-04-16T16:53:45","date_gmt":"2026-04-16T19:53:45","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=12296"},"modified":"2026-04-16T16:53:46","modified_gmt":"2026-04-16T19:53:46","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c04%ec%9b%94-16%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=12296","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(04\uc6d4 16\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. IMF \ud569\uc758, \ucc28\uad00 \uc9d1\ud589 \uc784\ubc15
    \uc544\ub974\ud5e8\ud2f0\ub098\uc640 IMF\ub294 \uacbd\uc81c \ud504\ub85c\uadf8\ub7a8\uc758 \ub450 \ubc88\uc9f8 \uac80\ud1a0 \uc774\ud6c4 \uae30\uc220\uc801 \ud569\uc758\uc5d0 \ub3c4\ub2ec\ud588\uc73c\uba70, \uc774\ub294 \ub8e8\uc774\uc2a4 \uce74\ud478\ud1a0 \uacbd\uc81c\uc7a5\uad00\uacfc \ud06c\ub9ac\uc2a4\ud0c8\ub9ac\ub098 \uac8c\uc624\ub974\uae30\uc5d0\ubc14 \ucd1d\uc7ac \uac04 \ud68c\ub2f4\uc5d0\uc11c \ud655\uc815\ub418\uc5c8\ub2e4. \uc774 \ud569\uc758\ub294 \ud5a5\ud6c4 \uba87 \uc8fc \ub0b4 \uc774\uc0ac\ud68c \uc2b9\uc778\uc5d0 \ub530\ub77c 10\uc5b5 \ub2ec\ub7ec\uc758 \uc790\uae08 \uc9d1\ud589\uc744 \uac00\ub2a5\ud558\uac8c \ud55c\ub2e4. \uc8fc\uc694 \ub0b4\uc6a9 \uc911 \ud558\ub098\ub85c, IMF\ub294 \uc911\uc559\uc740\ud589\uc758 \uc57d 55\uc5b5 \ub2ec\ub7ec \ub9e4\uc785\uc744 \uae0d\uc815\uc801\uc73c\ub85c \ud3c9\uac00\ud558\uba70 \uc62c\ud574 \uc678\ud658\ubcf4\uc720\uc561 \ucd95\uc801 \ubaa9\ud45c\ub97c 80\uc5b5 \ub2ec\ub7ec\ub85c \uc0c8\ub86d\uac8c \uc124\uc815\ud588\ub2e4. \uc7ac\uc815 \uce21\uba74\uc5d0\uc11c\ub294, \uc138\uc218 \uac10\uc18c\ub85c \uc778\ud574 2026\ub144 \uc608\uc0b0 \uc804\ub9dd\ubcf4\ub2e4 \ub0ae\uc740 \uc218\uc900\uc778 GDP \ub300\ube44 1.4%\uc758 1\ucc28 \ud751\uc790 \ubaa9\ud45c\ub85c \uc870\uc815\ud558\ub294 \ub4f1 \ubcf4\ub2e4 \ud604\uc2e4\uc801\uc778 \uc811\uadfc\uc744 \ubcf4\uc600\ub2e4. \ub610\ud55c \ube59\ud558\ubc95, \ub178\ub3d9 \uc720\uc5f0\uc131 \ud655\ub300, \ubc30\ub2f9\uae08 \ud574\uc678 \uc1a1\uae08 \uc815\uc0c1\ud654 \ub4f1\uc758 \uac1c\ud601 \uc9c4\uc804\uc744 \uac15\uc870\ud588\ub2e4. \uc131\uc7a5\ub960 \uc804\ub9dd\uc740 3.5%\ub85c \ud558\ud5a5 \uc870\uc815\ub418\uc5c8\uc9c0\ub9cc, \ube48\uace4 \uac10\uc18c\uc640 \uae00\ub85c\ubc8c \uac08\ub4f1 \uc18d\uc5d0\uc11c\uc758 \uc5d0\ub108\uc9c0 \uc548\uc815\uc131\uc774 \uae0d\uc815\uc801\uc73c\ub85c \ud3c9\uac00\ub418\uc5c8\ub2e4. \ub2e4\ub9cc IMF\ub294 \uc548\uc815\uc131 \ud655\ubcf4\ub97c \uc704\ud574 \uc870\uc138 \ubc0f \uc5f0\uae08 \uac1c\ud601\uc758 \ucd94\uac00 \uc9c4\uc804\uc744 \uc694\uad6c\ud588\ub2e4. \uc774\ubc88 \ud569\uc758\ub294 \uc815\ubd80\uac00 \uad6d\uc81c \uae08\uc735 \uc2dc\uc7a5\uc5d0\uc11c \uc785\uc9c0\ub97c \uac15\ud654\ud558\uace0, \uc5f0\ub9d0 \ubaa9\ud45c \ub2ec\uc131\uc744 \uc704\ud55c \uc870\uac74\uc744 \uc7ac\uc870\uc815\ud558\ub294 \ub370 \uc911\uc694\ud55c \uc815\uce58\uc801 \uc9c0\uc9c0\ub97c \uc81c\uacf5\ud55c\ub2e4.<\/li>\n\n\n\n
  2. \uc7ac\ubb34\uccad, 127% \ub864\uc624\ubc84 \ub2ec\uc131 \ubc0f \uae08\ub9ac \ud558\ub77d
    \uacbd\uc81c\ubd80\ub294 \ud398\uc18c\ud654 \ud45c\uc2dc \uad6d\ucc44 \uc785\ucc30\uc5d0\uc11c 9\uc870 9,200\uc5b5 \ud398\uc18c\ub97c \uc870\ub2ec\ud558\uba70 \uc131\uacf5\uc801\uc778 \uacb0\uacfc\ub97c \uac70\ub450\uc5c8\uace0, \uc774\ub294 \uc608\uc815\ub41c \ub9cc\uae30 8\uc870 3\ucc9c\uc5b5 \ud398\uc18c\ub97c \ud06c\uac8c \ucd08\uacfc\ud55c \uc218\uce58\uc774\ub2e4. \uc774\ubc88 \uc785\ucc30\uc740 127%\uc758 \ub864\uc624\ubc84\uc728\uc744 \uae30\ub85d\ud558\uba70 \uc2dc\uc7a5\uc758 \uac15\ud55c \uc9c0\uc9c0\ub97c \ubc18\uc601\ud588\ub2e4. \ubc1c\ud589\uc758 \ub300\ubd80\ubd84\uc740 8\uc6d4 \ub9cc\uae30 \ub808\uce85(Lecap)\uc5d0 \uc9d1\uc911\ub418\uc5c8\uc73c\uba70, \uc6d4 2%\uc758 \uc720\ud6a8\uae08\ub9ac\ub85c 4\uc870 4,500\uc5b5 \ud398\uc18c\ub97c \uc870\ub2ec\ud588\ub2e4. \ub3d9\uc2dc\uc5d0 \uc815\ubd80\ub294 \uc678\ud654 \ud45c\uc2dc \ubcf4\ub098\ub974(Bonar) \ucc44\uad8c\uc744 \ucd1d 3\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\ub85c \ubc1c\ud589\ud588\uc73c\uba70, 2027\ub144\uacfc 2028\ub144 \ub9cc\uae30\ub85c \uade0\ub4f1 \ubc30\ubd84\ub418\uc5c8\ub2e4. \uc774 \uacfc\uc815\uc5d0\uc11c \ub2ec\ub7ec \ucc44\uad8c \uae08\ub9ac\uac00 \ud558\ub77d\ud588\uc73c\uba70, Bonar 2027\uc740 5.12%\ub85c \ub9c8\uac10\ud574 \uc774\uc804 \uc785\ucc30\ubcf4\ub2e4 \uac70\uc758 1%\ud3ec\uc778\ud2b8 \ub0ae\uc544\uc84c\ub2e4. Bonar 2028 \uc5ed\uc2dc \uc5f0 8.51% \uc218\uc775\ub960\uc744 \uae30\ub85d\ud558\uba70 0.5%\ud3ec\uc778\ud2b8 \ud558\ub77d\ud588\ub2e4. \uc774\ub7ec\ud55c \uc790\uae08\uc870\ub2ec \ube44\uc6a9 \uac1c\uc120\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \ub450 \ub9cc\uae30 \uac04 \uae08\ub9ac \uaca9\ucc28\ub294 \ud22c\uc790\uc790\ub4e4\uc774 \uc7a5\uae30 \ucc44\ubb34\uc5d0 \ub300\ud574 \uc2e0\uc911\ud55c \ud0dc\ub3c4\ub97c \uc720\uc9c0\ud558\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uacb0\uacfc\uc801\uc73c\ub85c \uacbd\uc81c\ud300\uc740 \ub2e8\uae30 \ub9cc\uae30 \ubd80\ub2f4\uc744 \uc644\ud654\ud558\uace0, \uc720\ub9ac\ud55c \uc2dc\uc7a5 \ud658\uacbd \uc18d\uc5d0\uc11c \uacf5\uacf5\ucc44\uad8c \uc870\ub2ec \ube44\uc6a9 \ud558\ub77d \ucd94\uc138\ub97c \uacf5\uace0\ud788 \ud588\ub2e4.<\/li>\n\n\n\n
  3. \uc911\uc559\uc740\ud589, \uc21c\ub9e4\uc218 \uae30\uc870 \uc720\uc9c0 \uadf8\ub7ec\ub098 \ucd1d\uc678\ud658\ubcf4\uc720\uc561 \uac10\uc18c
    \ud1b5\ud654\ub2f9\uad6d\uc740 \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c 1\uc5b5 2,800\ub9cc \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud558\uba70 \uae0d\uc815\uc801\uc778 \ud750\ub984\uc744 \uc774\uc5b4\uac14\uace0, 2026\ub144 \ub204\uc801 \uc21c\ub9e4\uc218\uc561\uc740 58\uc5b5 4,600\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud588\ub2e4. \uadf8\ub7ec\ub098 \uc774\ub7ec\ud55c \uc6b4\uc601 \uc131\uacfc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \ucd1d\uc678\ud658\ubcf4\uc720\uc561\uc740 \ud558\ub8e8 \ub3d9\uc548 2\uc5b5 4,600\ub9cc \ub2ec\ub7ec \uac10\uc18c\ud574 456\uc5b5 2,700\ub9cc \ub2ec\ub7ec\ub85c \uc9d1\uacc4\ub418\uc5c8\ub2e4. \uc774 \uac10\uc18c\ub294 \uc8fc\ub85c \uad6d\uc81c\uae30\uad6c\uc5d0 \ub300\ud55c \uc57d 2\uc5b5 8,000\ub9cc \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ucc44\ubb34 \uc0c1\ud658 \ub54c\ubb38\uc774\ub2e4. \ub610\ud55c \ubcf4\uc720 \uc790\uc0b0 \uac00\uaca9 \ubcc0\ub3d9\ub3c4 \ucd5c\uc885 \uc678\ud658\ubcf4\uc720\uc561 \uc218\uc900\uc5d0 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4. \uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0,\uc790\uc720\uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c\uc758 \uc678\ud654 \ub9e4\uc785 \ub2a5\ub825\uc740 \ub192\uc740 \ub300\uc678 \uc218\uc694 \ud658\uacbd \uc18d\uc5d0\uc11c\ub3c4 \ud1b5\ud654\uc815\ucc45\uc758 \uc9c0\uc18d \uac00\ub2a5\uc131\uc744 \uc720\uc9c0\ud558\ub294 \ub370 \uae30\uc5ec\ud558\uace0 \uc788\ub2e4. \ud604\uc7ac \uc0c1\ud669\uc740 \uc774\uc911\uc801 \ud2b9\uc9d5\uc744 \ubcf4\uc778\ub2e4. \ubb34\uc5ed\uc744 \ud1b5\ud55c \uc678\ud654 \uc720\uc785\uc740 \uacac\uc870\ud558\uc5ec \uc790\uc0b0 \ucd95\uc801\uc744 \uac00\ub2a5\ud558\uac8c \ud558\uc9c0\ub9cc, \uae30\uc874 \ucc44\uad8c \uc0c1\ud658 \uc758\ubb34\uc640 \uc678\ubd80 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc740 \ucd1d\ubcf4\uc720\uc561\uc5d0 \uc555\ub825\uc744 \uac00\ud558\uace0 \uc788\ub2e4. \uc815\ubd80\ub294 \ub2e4\uc790\uae08\uc735\uae30\uad00\uacfc\uc758 \uc790\ubcf8 \ub9cc\uae30 \uad00\ub9ac\ub97c \ubcd1\ud589\ud558\uba70 \uc21c\uc678\ud658 \ud3ec\uc9c0\uc158 \uac1c\uc120\uc744 \uc6b0\uc120\uc2dc\ud558\uace0 \uc788\ub2e4.<\/li>\n\n\n\n
  4. \ub3c4\ub9e4 \ub2ec\ub7ec \ud658\uc728 \ud558\ub77d, \ubc34\ub4dc \uc0c1\ub2e8\uacfc \uaca9\ucc28 \ud655\ub300
    \uc678\ud658\uc2dc\uc7a5\uc740 \ud558\ub77d\uc138\ub97c \ubcf4\uc774\uba70 \uacf5\uc2dd \ud658\uc728\uc774 5\ud398\uc18c \ud558\ub77d\ud55c 1,359\ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4. \uc774\ub85c \uc778\ud574 \uac1c\uc785 \ubc34\ub4dc \uc0c1\ub2e8\uacfc\uc758 \uaca9\ucc28\ub294 23.6%\ub85c \ud655\ub300\ub418\uc5c8\ub2e4. \ud604\ubb3c \uc2dc\uc7a5 \uac70\ub798\ub7c9\uc740 5\uc5b5 300\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud588\uc73c\uba70, \uc120\ubb3c \uc2dc\uc7a5\uc5d0\uc11c\ub294 \ud558\ub77d \uae30\ub300\uac00 \ubc18\uc601\ub418\uc5b4 4\uc6d4 \ub9d0 \uc608\uc0c1 \ud658\uc728\uc774 1,371\ud398\uc18c\ub85c \ud615\uc131\ub418\uc5c8\ub2e4. \uae08\uc735 \ud658\uc728\uc740 \ube44\uad50\uc801 \uc548\uc815\uc801\uc778 \ubaa8\uc2b5\uc744 \ubcf4\uc600\ub294\ub370, MEP \ud658\uc728\uc740 1,398.53\ud398\uc18c(\uaca9\ucc28 3.75%), CCL \ud658\uc728\uc740 1,452\ud398\uc18c(\uaca9\ucc28 6.84%)\ub85c \ub9c8\uac10\ud588\ub2e4. 3.4%\uc758 \ucd5c\uc2e0 \uc778\ud50c\ub808\uc774\uc158 \uc218\uce58\ub97c \ubc18\uc601\ud574 \ud658\uc728 \ubc34\ub4dc \uccb4\uacc4\ub294 5\uc6d4 1\uc77c\ubd80\ud130 \uae30\uc220\uc801 \uc870\uc815\uc744 \ubc1b\uac8c \ub41c\ub2e4. \uc774\uc5d0 \ub530\ub77c \ubc34\ub4dc \uc0c1\ub2e8\uc740 \uc6d4\ucd08 1,710.59\ud398\uc18c\uc5d0\uc11c \uc2dc\uc791\ud574 \uc6d4\ub9d0\uc5d0\ub294 1,757.34\ud398\uc18c\uae4c\uc9c0 \uc0c1\uc2b9\ud560 \uc608\uc815\uc774\ub2e4. \uc774\ub7ec\ud55c \uad6c\uc870\ub294 \uc678\ud658 \uacf5\uae09 \uc99d\uac00\uc640 \uc815\ucc45 \uc608\uce21 \uac00\ub2a5\uc131 \ub355\ubd84\uc5d0 \ud658\uc728\uc5d0 \ub300\ud55c \uc555\ub825\uc744 \ud06c\uac8c \uac00\ud558\uc9c0 \uc54a\uc73c\uba74\uc11c \ud1b5\ud654\ub2f9\uad6d\uc774 \uc720\uc5f0\ud558\uac8c \uc2dc\uc7a5\uc5d0 \uac1c\uc785\ud560 \uc218 \uc788\ub3c4\ub85d \ud55c\ub2e4.<\/li>\n\n\n\n
  5. \uc778\ud50c\ub808\uc774\uc158 \ubc1c\ud45c \ubc0f IMF \ud569\uc758 \uc774\ud6c4, \ucc44\uad8c \ud63c\uc870\uc138
    \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 527bp\ub85c \ub9c8\uac10\ud558\uba70 \ucd5c\uadfc \ud558\ub77d\uc138 \uc774\ud6c4 \uc18c\ud3ed \uc0c1\uc2b9\ud588\uc9c0\ub9cc \uc5ec\uc804\ud788 \uc548\uc815\uc801\uc778 \uc218\uc900\uc744 \uc720\uc9c0\ud588\ub2e4. 3\uc6d4 \uc778\ud50c\ub808\uc774\uc158\uc774 3.4%\ub85c \ubc1c\ud45c\ub418\uba74\uc11c \ud22c\uc790\uc790\ub4e4\uc758 \uae30\ub300\uac00 \uc77c\ubd80 \uc870\uc815\ub418\uc5b4 \uad6d\ucc44 \uc0c1\uc2b9\uc138\uac00 \ub454\ud654\ub418\uc5c8\ub2e4. \uadf8\ub7fc\uc5d0\ub3c4 IMF\uc640\uc758 \uae30\uc220\uc801 \ud569\uc758\uac00 \ucd08\uae30 \uc2dc\uc7a5 \ud750\ub984\uc5d0 \uae0d\uc815\uc801\uc778 \uc601\ud5a5\uc744 \uc8fc\uc5c8\ub2e4. \ucc44\uad8c \uc2dc\uc7a5\uc5d0\uc11c\ub294 \ub2e8\uae30 \uae00\ub85c\ubc8c \ucc44\uad8c\uc774 \uc18c\ud3ed \ud558\ub77d\ud55c \ubc18\uba74, \ubcf4\ub098\ub974 \ucc44\uad8c\uc740 \ube44\uad50\uc801 \uacac\uc870\ud55c \ud750\ub984\uc744 \ubcf4\uc600\ub2e4. \ub274\uc695 \uc99d\uc2dc\uc758 \uc544\ub974\ud5e8\ud2f0\ub098 \uc8fc\uc2dd\uc740 \ud63c\uc870\uc138\ub85c \ub9c8\uac10\ud588\uc73c\uba70, \uad6d\ub0b4 \uc2dc\uc7a5\uc5d0\uc11c\ub294 S&P \uba54\ub974\ubc1c \uc9c0\uc218\uac00 \uc7a5 \ucd08\ubc18 \ud558\ub77d\uc744 \ub9cc\ud68c\ud558\uace0 2,000\ub2ec\ub7ec\ub97c \uc0c1\ud68c\ud558\uba70 \ub2ec\ub7ec \uae30\uc900 0.32% \uc0c1\uc2b9\ud588\ub2e4. \ubc18\uba74 \ud398\uc18c \uae30\uc900\uc73c\ub85c\ub294 \uc8fc\uc694 \uae30\uc5c5\ub4e4\uc758 \ubd80\uc9c4 \uc18d\uc5d0 1.11% \ud558\ub77d\ud588\ub2e4. \uc804\ubc18\uc801\uc73c\ub85c \uc774\ubc88 \uc2dc\uc7a5 \ud750\ub984\uc740 \uae0d\uc815\uc801\uc778 \uc815\ucc45 \uc2e0\ud638\uc640 \uc5ec\uc804\ud788 \ub0a8\uc544 \uc788\ub294 \uad6d\ub0b4\uc678 \uacbd\uc81c \ubd88\ud655\uc2e4\uc131 \uc0ac\uc774\uc758 \ubbf8\ubb18\ud55c \uade0\ud615\uc744 \ubc18\uc601\ud55c\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":12298,"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-12296","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\/12296","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=12296"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/12296\/revisions"}],"predecessor-version":[{"id":12299,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/12296\/revisions\/12299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/12298"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}