{"id":12884,"date":"2026-05-26T16:43:09","date_gmt":"2026-05-26T19:43:09","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=12884"},"modified":"2026-05-26T16:43:10","modified_gmt":"2026-05-26T19:43:10","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c05%ec%9b%94-26%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=12884","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(05\uc6d4 26\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, \ud65c\uc131\ud654\ub41c \ud658\uc728 \uc2dc\uc7a5 \uc18d \uc5f0\uac04 \uc678\ud658\ubcf4\uc720\uace0 \ubaa9\ud45c\uce58 \uadfc\uc811
    \uc544\ub974\ud5e8\ud2f0\ub098\uc640 \ubbf8\uad6d\uc758 \uc5f0\ud734\ub85c \uc7a0\uc2dc \uba48\ucdc4\ub358 \uc2dc\uc7a5 \uc774\ud6c4, \uae08\uc735\uc2dc\uc7a5\uc758 \uad00\uc2ec\uc740 \ub2e4\uc2dc \ud658\uc728 \uc6c0\uc9c1\uc784\uacfc IMF \ucd5c\uc2e0 \ubcf4\uace0\uc11c\ub85c \ub3cc\uc544\uac14\ub2e4. \ub9c8\uc9c0\ub9c9 \uac70\ub798\uc77c\uc5d0\uc11c \ub3c4\ub9e4 \ub2ec\ub7ec \ud658\uc728\uc740 1% \uc0c1\uc2b9\ud574 1,403\ud398\uc18c\uc5d0 \ub9c8\uac10\ud588\uc73c\uba70, \uc774\ub294 \uc774\ub2ec \ucd5c\uace0 \uc218\uc900\uc774\ub2e4.
    \uc774\ub7ec\ud55c \uc0c1\uc2b9\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uacf5\uc2dd \ud658\uc728\uc740 \ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8\uc778 1,744.12\ud398\uc18c\ubcf4\ub2e4 \uc5ec\uc804\ud788 24.3% \ub0ae\uc740 \uc218\uc900\uc5d0 \uc788\ub2e4. 5\uc6d4 \ub4e4\uc5b4 \ud658\uc728\uc740 0.9% \uc18c\ud3ed \uc0c1\uc2b9\ud588\uc9c0\ub9cc, 2026\ub144 \uc804\uccb4 \uae30\uc900\uc73c\ub85c\ub294 \uc5ec\uc804\ud788 3.6% \ud558\ub77d\ud55c \uc0c1\ud0dc\ub2e4.
    \ud658\uc728 \ubcc0\ub3d9\uacfc \ubcc4\uac1c\ub85c \uc2dc\uc7a5\uc758 \ud575\uc2ec \uad00\uc2ec\uc740 \uc911\uc559\uc740\ud589(BCRA)\uc73c\ub85c \uc720\uc785\ub418\ub294 \uac15\ud55c \uc678\ud654 \ud750\ub984\uc774\ub2e4. \uc911\uc559\uc740\ud589\uc740 \uae08\uc694\uc77c \ud558\ub8e8 \ub3d9\uc548 1\uc5b53,900\ub9cc \ub2ec\ub7ec\ub97c \ucd94\uac00 \ub9e4\uc785\ud558\uba70 93\uac70\ub798\uc77c \uc5f0\uc18d \uc21c\ub9e4\uc218\ub97c \uae30\ub85d\ud588\ub2e4.
    \uc6d4\uac04 \uae30\uc900 \uc21c\ub9e4\uc218 \uaddc\ubaa8\ub294 18\uc5b53,500\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud558\uba70, \uc62c\ud574 1\uc6d4 \uc774\ud6c4 \ub204\uc801 \uc678\ud658 \ub9e4\uc785\uc561\uc740 89\uc5b59,000\ub9cc \ub2ec\ub7ec\uc5d0 \ub3c4\ub2ec\ud588\ub2e4. \uc774\ub294 \uc5f0\uac04 \ubaa9\ud45c\uc778 100\uc5b5 \ub2ec\ub7ec \ub2ec\uc131\uc744 \ub208\uc55e\uc5d0 \ub454 \uc218\uc900\uc774\ub2e4.<\/li>\n\n\n\n
  2. IMF, 10\uc5b5 \ub2ec\ub7ec \uc2b9\uc778\ud588\uc9c0\ub9cc \uacbd\uc81c \ub178\uc120 \ub458\ub7ec\uc2fc \ub17c\uc7c1 \uc7ac\uc810\ud654
    IMF \uc774\uc0ac\ud68c\ub294 \ud504\ub85c\uadf8\ub7a8 2\ucc28 \uac80\ud1a0\ub97c \uc2b9\uc778\ud55c \ub4a4 \uc544\ub974\ud5e8\ud2f0\ub098 \uc678\ud658\ubcf4\uc720\uace0 \uac15\ud654\ub97c \uc704\ud574 10\uc5b5 \ub2ec\ub7ec \uc2e0\uaddc \uc790\uae08 \uc9d1\ud589\uc744 \uc2b9\uc778\ud588\ub2e4.
    \uadf8\ub7ec\ub098 IMF \ucd5c\uc2e0 \ubcf4\uace0\uc11c\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uacbd\uc81c\ud300\uacfc\uc758 \ub69c\ub837\ud55c \uacac\ud574 \ucc28\uc774\ub97c \ub4dc\ub7ec\ub0c8\ub2e4. IMF\ub294 \ubcf4\ub2e4 \uc720\uc5f0\ud55c \ud658\uc728 \uc815\ucc45\uc744 \uc694\uad6c\ud588\uc73c\uba70, \ud1b5\ud654 \ucd1d\ub7c9 \ud1b5\uc81c \ub300\uc2e0 \uae08\ub9ac\ub97c \ud575\uc2ec \uc815\ucc45 \uc218\ub2e8\uc73c\ub85c \uc0ac\uc6a9\ud574\uc57c \ud55c\ub2e4\uace0 \uc8fc\uc7a5\ud588\ub2e4.
    IMF\ub294 \ud604\uc7ac\uc758 \uc815\ucc45 \uccb4\uacc4\uac00 \uc778\ud50c\ub808\uc774\uc158 \ub454\ud654 \uad6d\uba74\uc5d0\uc11c \uc810\ucc28 \ud6a8\ub825\uc744 \uc783\uace0 \uc788\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4.
    \ubc18\uba74 \uc544\ub974\ud5e8\ud2f0\ub098 \uc815\ubd80\ub294 \uac19\uc740 \ubb38\uc11c \uc548\uc5d0\uc11c \uc790\uad6d \uc804\ub7b5\uc744 \ubc29\uc5b4\ud558\uba70, IMF\uc758 \uc81c\uc548\uc774 \uc544\ub974\ud5e8\ud2f0\ub098 \ud604\uc2e4\uc5d0 \ub9de\uc9c0 \uc54a\ub294\ub2e4\uace0 \ubc18\ubc15\ud588\ub2e4.
    \ub3d9\uc2dc\uc5d0 IMF\ub294 \uacf5\uc2dd \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(IPC) \uc0b0\uc815 \ubc29\uc2dd\uc5d0 \ub300\ud574\uc11c\ub3c4 \ubb38\uc81c\ub97c \uc81c\uae30\ud588\ub2e4. IMF\ub294 \ud604\uc7ac \uc0ac\uc6a9 \uc911\uc778 \uc18c\ube44\uc790 \ubc14\uc2a4\ucf13\uc774 \uc2dc\ub300\uc5d0 \ub4a4\ucc98\uc838 \uc788\ub2e4\uace0 \uc9c0\uc801\ud558\uba70 \uac31\uc2e0 \ud544\uc694\uc131\uc744 \uc694\uad6c\ud588\uace0, INDEC(\uad6d\uac00\ud1b5\uacc4\uccad)\uc758 \ub3c5\ub9bd\uc131 \ubcf4\uc7a5\ub3c4 \ucd09\uad6c\ud588\ub2e4.<\/li>\n\n\n\n
  3. \uce74\ud478\ud1a0 \uacbd\uc81c\uc7a5\uad00, \uc774\uc911\ucc44\uad8c \uc81c\uc678 \ub300\uaddc\ubaa8 \ud398\uc18c \uc785\ucc30 \ub9cc\uae30 \uc5f0\uc7a5 \ucd94\uc9c4
    \uacbd\uc81c\ubd80\ub294 \ub0b4\uc77c 11\uc870 \ud398\uc18c \uaddc\ubaa8\uc758 \ucc28\ud658\uc744 \ucd94\uc9c4\ud560 \uc608\uc815\uc774\ub2e4. \ubaa9\ud45c\ub294 \uae08\ub9ac\ub97c \ub0ae\ucd94\uace0 \uacf5\uacf5\ubd80\ucc44 \ub9cc\uae30\ub97c \uc7a5\uae30\ud654\ud558\ub294 \uac83\uc774\ub2e4.
    \ub192\uc740 \uc2dc\uc911 \uc720\ub3d9\uc131\uacfc \uc548\uc815\ub41c \ud658\uc728 \uc2dc\uc7a5\uc744 \ud65c\uc6a9\ud574 \ub8e8\uc774\uc2a4 \uce74\ud478\ud1a0 \uacbd\uc81c\uc7a5\uad00\uc740 \uae08\uc735\uae30\uad00\ub4e4\uc774 \uac00\uc7a5 \uc120\ud638\ud558\ub294 \uc0c1\ud488\uc778 \uc774\uc911\ucc44\uad8c\uc744 \uc774\ubc88 \uc785\ucc30\uc5d0\uc11c \uc81c\uc678\ud558\uae30\ub85c \uacb0\uc815\ud588\ub2e4.
    \uacf5\uc2dd \uc785\ucc30 \uc0c1\ud488\uc740 \ub2e4\uc74c\uacfc \uac19\uc774 \uad6c\uc131\ub41c\ub2e4.
    9\uc6d4 \ub9cc\uae30 \uace0\uc815\uae08\ub9ac \ub2e8\uae30\ucc44(Lecap)
    2027\ub144 \ub9cc\uae30 \ubb3c\uac00\uc5f0\ub3d9\ucc44(CER)
    2028\ub144 \ub9cc\uae30 Tamar(\uace0\uc561 \uc608\uae08) \uae08\ub9ac \uc5f0\ub3d9\ucc44
    \ub610\ud55c 2026\ub144 7\uc6d4 \ubc0f 2027\ub144 3\uc6d4 \ub9cc\uae30\uc758 \ub2ec\ub7ec\uc5f0\ub3d9\ucc44(d\u00f3lar linked)\ub3c4 \ud568\uaed8 \uc785\ucc30\ub41c\ub2e4.
    \ub3d9\uc2dc\uc5d0 \uc7ac\ubb34\uccad\uc740 AO27 \ubc0f AO28 \ub2ec\ub7ec\ud45c\uc2dc\ucc44\uad8c \ubc1c\ud589\ub3c4 \uc7ac\uac1c\ud574 5\uc5b5 \ub2ec\ub7ec \uc870\ub2ec\uc744 \ucd94\uc9c4\ud560 \uc608\uc815\uc774\ub2e4.
    \uacbd\uc81c\ubd80\ub294 \uc774\ubc88 \uac70\ub798\ub97c \ud1b5\ud574 AO27 \ubc1c\ud589\uc774 \ucd5c\uc885 \uc644\ub8cc\ub418\uba70, \ud574\ub2f9 \ucc44\uad8c\uc774 1\ucc28 \uc2dc\uc7a5\uc5d0\uc11c \uc0ac\uc2e4\uc0c1 \ud1f4\uc7a5\ud558\uac8c \ub420 \uac83\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.<\/li>\n\n\n\n
  4. \ubc00\ub808\uc774 \uc815\ubd80 \uc2e0\ub8b0\ub3c4 \ud558\ub77d
    \ud558\ube44\uc5d0\ub974 \ubc00\ub808\uc774 \uc815\ubd80\uc5d0 \ub300\ud55c \uc2e0\ub8b0\uc9c0\uc218\ub294 5\uc6d4 1.99\ud3ec\uc778\ud2b8\ub85c \ud558\ub77d\ud588\ub2e4.
    \uc774\ub294 \uc6d4\uac04 \uae30\uc900 1.6% \uac10\uc18c\uc774\uba70, \ud604 \uc815\ubd80 \ucd9c\ubc94 \uc774\ud6c4 \uac00\uc7a5 \ub0ae\uc740 \uc218\uc900\uc774\ub2e4. \ud574\ub2f9 \uc9c0\ud45c\ub294 \uc9c0\ub09c\ud574 12\uc6d4 \uc774\ud6c4 6\uac1c\uc6d4 \uc5f0\uc18d \ud558\ub77d\uc138\ub97c \uc774\uc5b4\uac00\uace0 \uc788\uc73c\uba70, 2025\ub144 \ub9d0 \ub300\ube44 \ub204\uc801 19.2% \uac10\uc18c, \uc804\ub144 \ub3d9\uae30 \ub300\ube44\ub85c\ub294 18.6% \ud558\ub77d\ud588\ub2e4.
    \ud1a0\ub974\ucfe0\uc544\ud1a0 \ub514 \ud154\ub77c \ub300\ud559 \ubcf4\uace0\uc11c\ub294 1\uc6d4, 2\uc6d4, 3\uc6d4, 4\uc6d4\uc5d0 \uc774\uc5b4 \uc5f0\uc18d\uc801\uc778 \ud558\ub77d\uc138\uac00 \uc774\uc5b4\uc84c\ub2e4\uace0 \uc124\uba85\ud588\ub2e4.
    \ub2e4\ub9cc \uc870\uc0ac\uae30\uad00\uc740 \ud604\uc7ac \uc9c0\uc218\uac00 \uc5ec\uc804\ud788 \ube44\uad50\uc801 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uace0 \uc788\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4. \uc804\ubc18\uc801\uc778 \uc9c0\uc9c0 \uc218\uc900\uc740 \ub124\uc2a4\ud1a0\ub974 \ud0a4\ub974\uce58\ub124\ub974 \ubc0f \ub9c8\uc6b0\ub9ac\uc2dc\uc624 \ub9c8\ud06c\ub9ac \uc815\ubd80 \ucd08\uae30\uc640 \ube44\uc2b7\ud558\uba70, \uc5d0\ub450\uc544\ub974\ub3c4 \ub450\uc54c\ub370, \ud06c\ub9ac\uc2a4\ud2f0\ub098 \ud0a4\ub974\uce58\ub124\ub974, \uc54c\ubca0\ub974\ud1a0 \ud398\ub974\ub09c\ub370\uc2a4 \uc815\ubd80 \ucd08\uae30\ubcf4\ub2e4\ub294 \ub192\uc740 \uc218\uc900\uc774\ub77c\uace0 \ud3c9\uac00\ud588\ub2e4.<\/li>\n\n\n\n
  5. \ubbf8\uad6d\uc758 \uc774\ub780 \uacf5\uaca9, \uc720\uac00 \ud754\ub4e4\uc5c8\uc9c0\ub9cc \uc6d4\uac00\ub294 \uc0c1\uc2b9 \uc720\uc9c0
    \ub274\uc695 \uc99d\uc2dc\ub294 \uae00\ub85c\ubc8c \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc774 \uace0\uc870\ub41c \uac00\uc6b4\ub370 \ud654\uc694\uc77c \uc0c1\uc2b9\uc138\ub85c \ucd9c\ubc1c\ud588\ub2e4.
    \uc720\ub7fd \uc99d\uc2dc\ub294 \ucd5c\uadfc \ubbf8\uad6d\uc758 \uc774\ub780 \ub0a8\ubd80 \uad70\uc0ac \uacf5\uaca9 \uc774\ud6c4 \ud558\ub77d\ud588\ub2e4. \uc774\ubc88 \uacf5\uaca9\uc740 \uc591\uad6d \uac04 \ud3c9\ud654 \ud569\uc758 \uac00\ub2a5\uc131\uc744 \uc704\ud611\ud558\ub294 \uc0ac\uac74\uc73c\ub85c \ud3c9\uac00\ub410\ub2e4.
    \uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \ubbf8\uad6d \uad6d\ubb34\uc7a5\uad00 \ub9c8\ub974\ucf54 \ub8e8\ube44\uc624\ub294 \uba70\uce60 \ub0b4 \ucd5c\uc885 \ud569\uc758 \uccb4\uacb0 \uac00\ub2a5\uc131\uc5d0 \ub300\ud574 \ub099\uad00\uc801\uc778 \uc785\uc7a5\uc744 \ubcf4\uc600\ub2e4.
    \uc6d0\uc790\uc7ac \uc2dc\uc7a5\uc5d0\uc11c\ub294 \ube0c\ub80c\ud2b8\uc720\uac00 2.52% \uc0c1\uc2b9\ud574 \ubc30\ub7f4\ub2f9 95.77\ub2ec\ub7ec\uae4c\uc9c0 \uc62c\ub790\ub2e4. \ubc18\uba74 \ubbf8\uad6d\uc0b0 \uc6d0\uc720\ub294 4.4% \ud558\ub77d\ud574 92.36\ub2ec\ub7ec \uc218\uc900\uc5d0 \uc704\uce58\ud588\ub2e4.
    \ubbf8\uad6d \uad6d\ucc44 \uae08\ub9ac\ub294 2% \ud558\ub77d\ud574 4.479 \uc218\uc900\uc744 \uae30\ub85d\ud588\ub2e4.
    \uc8fc\uc2dd\uc2dc\uc7a5\uc5d0\uc11c\ub294:
    S&P500 \uc9c0\uc218 +0.67%, \ub098\uc2a4\ub2e5 \uc9c0\uc218 +0.98%, \ub2e4\uc6b0\uc874\uc2a4 \uc0b0\uc5c5\uc9c0\uc218 +0.56%
    \uc0c1\uc2b9\uc138\ub97c \ub098\ud0c0\ub0c8\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":12885,"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-12884","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\/12884","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=12884"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/12884\/revisions"}],"predecessor-version":[{"id":12886,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/12884\/revisions\/12886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/12885"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}