{"id":12970,"date":"2026-06-04T16:37:05","date_gmt":"2026-06-04T19:37:05","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=12970"},"modified":"2026-06-04T16:37:08","modified_gmt":"2026-06-04T19:37:08","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c06%ec%9b%94-04%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=12970","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(06\uc6d4 04\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \uc0c1\uc2b9 \uc18d\ub3c4 \ube68\ub9ac\uc9c4 \uacf5\uc2dd \ub2ec\ub7ec \ud658\uc728, \ubc34\ub4dc \uc0c1\ub2e8\uacfc\ub294 \uc544\uc9c1 \uac70\ub9ac
    \ub3c4\ub9e4\uc2dc\uc7a5 \ub2ec\ub7ec \ud658\uc728\uc740 \uc804\uc77c 0.84% \uc0c1\uc2b9\ud574 1\ub2ec\ub7ec\ub2f9 1,438\ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4. \uc774\ub294 2\uc6d4 \uc774\ud6c4 \uac00\uc7a5 \ub192\uc740 \uc218\uc900\uc774\ub2e4.
    \uc774\ucc98\ub7fc \uc0c1\uc2b9\ud588\uc74c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uacf5\uc2dd \ud658\uc728\uc740 \uc5ec\uc804\ud788 \ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8\ubcf4\ub2e4 19.79% \ub0ae\uc740 \uc218\uc900\uc5d0 \uba38\ubb3c\ub7ec \uc788\uc5b4, \uc911\uc559\uc740\ud589\uc774 \uc678\ud654\ub97c \uacc4\uc18d \ub9e4\uc785\ud560 \uc218 \uc788\ub294 \uc5ec\uc9c0\ub97c \uc81c\uacf5\ud558\uace0 \uc788\ub2e4.
    \uae08\uc735\uc2dc\uc7a5\uc5d0\uc11c\ub294 MEP \ud658\uc728\uc774 1,461.02\ud398\uc18c\uae4c\uc9c0 \uc0c1\uc2b9\ud55c \ubc18\uba74, CCL \ud658\uc728\uc740 \uc18c\ud3ed \ud558\ub77d\ud574 1,501.71\ud398\uc18c\ub97c \uae30\ub85d\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \ud658\uc728 \uaca9\ucc28\ub294 4.4%\ub77c\ub294 \ub0ae\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud588\ub2e4.
    \ud55c\ud3b8 \ub2ec\ub7ec \uc120\ubb3c\uc2dc\uc7a5\uc740 \uc804 \uad6c\uac04\uc5d0\uc11c \ud3c9\uade0 0.84% \uc0c1\uc2b9\ud588\ub2e4. \uc2dc\uc7a5 \ucc38\uac00\uc790\ub4e4\uc740 6\uc6d4 \ub9d0 \uacf5\uc2dd \ud658\uc728\uc744 1,447\ud398\uc18c, \uc5f0\ub9d0\uc5d0\ub294 1,624\ud398\uc18c\ub85c \uc608\uc0c1\ud558\uace0 \uc788\ub2e4.
    \uc608\uc0c1 \uc6d4\uac04 \ud3c9\uac00\uc808\ud558\uc728\uc740 6\uc6d4 1.49%, 7\uc6d4 1.68% \uc218\uc900\uc73c\ub85c \ud615\uc131\ub410\uc73c\uba70, \uc774\ub294 \uacf5\uc2dd \ud658\uc728 \uc870\uc815\uacfc \uc911\uc559\uc740\ud589\uc758 \ub2ec\ub7ec \ub9e4\uc785\uc774 \ub3d9\uc2dc\uc5d0 \uc9c4\ud589\ub418\ub294 \uac00\uc6b4\ub370 \uc644\ub9cc\ud55c \ud3c9\uac00\uc808\ud558 \uc2dc\ub098\ub9ac\uc624\ub97c \ubc18\uc601\ud558\uace0 \uc788\ub2e4.
    \uc774\uc640\uad00\ub828 \ud3ec\ube0c\uc2a4(Forbes) \uc9c0\uc5d0 \uac8c\uc7ac\ub41c \uae30\uc0ac\uc5d0\uc11c\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \ud3c9\uac00\ud588\ub2e4.
    \u201c\ud658\uc728\uc2dc\uc7a5\uc740 6\uc6d4\uc744 \ubaa8\ub4e0 \ud658\uc728\uc774 \uc804\ubc18\uc801\uc73c\ub85c \uc0c1\uc2b9\ud558\ub294 \ubaa8\uc2b5\uc73c\ub85c \uc2dc\uc791\ud588\ub2e4. \uae08\uc735\uc2dc\uc7a5\uc740 \ub300\ub450\u00b7\uc625\uc218\uc218 \ub4f1 \uc8fc\uc694 \ub18d\uc0b0\ubb3c \uc218\ud655\ubb3c\uc758 \uc678\ud654 \uc720\uc785\uc774 \ub9c8\ubb34\ub9ac\ub418\ub294 \uc911\uc694\ud55c \uc2dc\uae30\uc5d0 \uc774\ub7ec\ud55c \uc0c1\uc2b9\uc138\uac00 \uacc4\uc18d\ub420 \uac83\uc778\uc9c0 \uc8fc\ubaa9\ud558\uace0 \uc788\ub2e4.\u201d<\/li>\n\n\n\n
  2. \uc911\uc559\uc740\ud589 \uc678\ud654 \ub9e4\uc785\uc561, \uc62c\ud574 100\uc5b5 \ub2ec\ub7ec \ub3cc\ud30c
    \uc911\uc559\uc740\ud589(BCRA)\uc740 \ud604 \uacbd\uc81c \ud504\ub85c\uadf8\ub7a8\uc758 \ud575\uc2ec \uc774\uc815\ud45c\ub97c \ub2ec\uc131\ud588\ub2e4.
    \ucd5c\uadfc \uac70\ub798\uc5d0\uc11c 4,300\ub9cc \ub2ec\ub7ec\ub97c \ucd94\uac00 \ub9e4\uc785\ud558\uba74\uc11c, 2026\ub144 \ub4e4\uc5b4 \ub204\uc801 \uc21c\ub9e4\uc785\uc561\uc774 100\uc5b5 \ub2ec\ub7ec\ub97c \ub118\uc5b4\uc130\ub2e4.
    \uc774 \uc131\uacfc\ub294 \ub2e8 5\uac1c\uc6d4 \ub9cc\uc5d0 \uc62c\ud574 \uc804\uccb4 \uc678\ud658\ubcf4\uc720\uc561 \ud655\ub300 \ubaa9\ud45c\uc758 \uae30\ubcf8 \uc218\uc900\uc744 \ucda9\uc871\ud55c \uac83\uc744 \uc758\ubbf8\ud55c\ub2e4.
    \uc678\ud654 \uc720\uc785\uc740 \ub18d\ucd95\uc0b0\uc5c5 \ubd80\ubb38\uc758 \uc218\ucd9c \ub300\uae08 \uacb0\uc81c, \uae30\ud0c0 \uc0b0\uc5c5\uc758 \uae30\uc5ec, \ub2ec\ub7ec\ud654 \ucc44\uad8c \ubc1c\ud589 \ub4f1\uc5d0 \ud798\uc785\uc5b4 \uacac\uc870\ud558\uac8c \uc720\uc9c0\ub418\uace0 \uc788\ub2e4.
    5\uc6d4\uc5d0\ub294 26\uc5b5 \ub2ec\ub7ec\uac00 \ub118\ub294 \uc678\ud654\ub97c \uc21c\ub9e4\uc785\ud588\uc73c\uba70, \uc774\ubc88 \uc8fc\uc5d0\ub3c4 2\uc5b57,300\ub9cc \ub2ec\ub7ec\uc758 \uc21c\ub9e4\uc785\uc744 \uae30\ub85d\ud558\uba70 \uadf8 \ud750\ub984\uc774 \uc774\uc5b4\uc84c\ub2e4.
    \ub2e4\ub9cc \uc774\ub7ec\ud55c \ub9e4\uc785 \ud589\uc9c4\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uad6d\uc81c \uae08 \uac00\uaca9\uc774 1% \ud558\ub77d\ud558\uba74\uc11c \ubcf4\uc720 \uc790\uc0b0\uc758 \ud68c\uacc4\uc0c1 \uac00\uce58\uac00 \uac10\uc18c\ud574, \ucd1d\uc678\ud658\ubcf4\uc720\uc561\uc740 484\uc5b51,400\ub9cc \ub2ec\ub7ec\ub85c \uc18c\ud3ed \uac10\uc18c\ud588\ub2e4.
    \uc815\ubd80\ub294 \uc55e\uc73c\ub85c\ub3c4 \uc678\ud654 \ub9e4\uc785 \uae30\uc870\ub97c \uc720\uc9c0\ud574 \ubcf4\ub2e4 \ub192\uc740 \uc678\ud658\ubcf4\uc720\uc561 \ubaa9\ud45c\ub97c \ub2ec\uc131\ud55c\ub2e4\ub294 \uacc4\ud68d\uc774\ub2e4.<\/li>\n\n\n\n
  3. OECD, \uc544\ub974\ud5e8\ud2f0\ub098 \ubb3c\uac00 \uc804\ub9dd \uc0c1\ud5a5\u00b7GDP \uc804\ub9dd \ud558\ud5a5
    OECD\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uacbd\uc81c \uc804\ub9dd\uc744 \uc218\uc815\ud558\uba70 \ubb3c\uac00\uc640 \uacbd\uc81c\ud65c\ub3d9 \uce21\uba74\uc5d0\uc11c \ubcf4\ub2e4 \ubcf5\uc7a1\ud55c \uc0c1\ud669\uc744 \uc608\uc0c1\ud588\ub2e4.
    OECD\ub294 \ud3c9\uade0 \uc778\ud50c\ub808\uc774\uc158 \uc804\ub9dd\uce58\ub97c \uc0c1\ud5a5 \uc870\uc815\ud574: 2026\ub144 31%, 2027\ub144 16%\ub85c \uc804\ub9dd\ud588\ub2e4.
    \ub610\ud55c \uc5f0\ub8cc \uac00\uaca9 \uc0c1\uc2b9\uc73c\ub85c \uc778\ud574 \ubb3c\uac00 \uc548\uc815\ud654 \uacfc\uc815\uc774 \uc62c\ud574 \ud558\ubc18\uae30\uae4c\uc9c0 \ub354\ub514\uac8c \uc9c4\ud589\ub420 \uac83\uc774\ub77c\uace0 \uacbd\uace0\ud588\ub2e4.
    \ubc18\uba74 \uacbd\uc81c\uc131\uc7a5\ub960 \uc804\ub9dd\uc740 \ud558\ud5a5 \uc870\uc815\ud588\ub2e4.
    2026\ub144 GDP \uc131\uc7a5\ub960: 2.8%, 2027\ub144 GDP \uc131\uc7a5\ub960: 3.5%\ub85c \uc608\uc0c1\ud588\ub2e4.
    OECD\ub294 \ud5a5\ud6c4 \uc131\uc7a5\uc774 \ub18d\uc5c5 \uc218\ucd9c, \uad11\uc5c5, \uc5d0\ub108\uc9c0 \uc0b0\uc5c5\uc5d0 \uc758\ud574 \uc8fc\ub3c4\ub420 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4.
    \ubcf4\uace0\uc11c\ub294 \uc678\ud658\ubcf4\uc720\uc561 \ucd95\uc801 \uc18d\ub3c4\uac00 \ube68\ub77c\uc9c0\uace0 \uc788\uc73c\uba70, \uc815\ubd80 \uc9c0\ucd9c \ud1b5\uc81c\uc5d0 \ud798\uc785\uc5b4 \uc18c\uaddc\ubaa8 \uc7ac\uc815\ud751\uc790\uac00 \uac00\ub2a5\ud560 \uac83\uc73c\ub85c \ud3c9\uac00\ud588\ub2e4.
    \ub2e4\ub9cc \uad6c\uc870\uac1c\ud601\uc774 \uc9c0\uc5f0\ub420 \uacbd\uc6b0 \ud658\uc728\uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc774 \ud655\ub300\ub418\uace0 \uc18c\ube44\uac00 \uc704\ucd95\ub420 \uc218 \uc788\ub2e4\uace0 \uacbd\uace0\ud588\ub2e4.
    \ub610\ud55c \uc9c0\uc18d\uc801\uc778 \ubb3c\uac00 \uc548\uc815 \ub2ec\uc131\uc744 \uc704\ud574 \uc911\uae30\uc801\uc73c\ub85c \ub192\uc740 \uae08\ub9ac\ub97c \uc720\uc9c0\ud558\ub294 \uae34\ucd95\uc801 \ud1b5\ud654\uc815\ucc45\uc774 \ud544\uc694\ud558\ub2e4\uace0 \uad8c\uace0\ud588\ub2e4.<\/li>\n\n\n\n
  4. \uc6d4\uac00 \ud558\ub77d, \uc544\ub974\ud5e8\ud2f0\ub098 \uc8fc\uc2dd\u00b7\ucc44\uad8c\uc5d0\ub3c4 \ucda9\uaca9
    \uad6d\uc81c \uae08\uc735\uc2dc\uc7a5\uc758 \uc57d\uc138\uac00 \uc544\ub974\ud5e8\ud2f0\ub098 \uc790\uc0b0\uc2dc\uc7a5\uc5d0\ub3c4 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4.
    \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4 \uc99d\uad8c\uac70\ub798\uc18c\uc758 S&P \uba54\ub974\ubc1c(Merval) \uc9c0\uc218\ub294 1.9% \ud558\ub77d\ud558\uba70 \uc774\ud2c0 \uc5f0\uc18d \uc57d\uc138\ub97c \uae30\ub85d\ud588\ub2e4.
    \ub274\uc695\uc5d0 \uc0c1\uc7a5\ub41c \uc544\ub974\ud5e8\ud2f0\ub098 \uae30\uc5c5 ADR\uc740 \ucd5c\ub300 9.7%\uae4c\uc9c0 \ud558\ub77d\ud588\ub2e4.
    \ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44\ub3c4 \ud3c9\uade0 0.2% \ud558\ub77d\ud588\uc73c\uba70, \uc774\uc5d0 \ub530\ub77c \uad6d\uac00\uc704\ud5d8\ub3c4\ub294 4bp \uc0c1\uc2b9\ud55c 492bp\ub97c \uae30\ub85d\ud588\ub2e4.
    \uc774\ubc88 \ud558\ub77d\uc740 \uc6d4\uac00\uc5d0\uc11c \uc2dc\uc791\ub410\ub2e4.
    \uc8fc\uc694 \ubbf8\uad6d \uc8fc\uac00\uc9c0\uc218\ub294 \uc804\ub0a0 \uc0ac\uc0c1 \ucd5c\uace0\uce58 \uacbd\uc2e0 \uc774\ud6c4 0.4~1.2% \ud558\ub77d\ud588\ub2e4.
    \ud22c\uc790\uc790\ub4e4\uc740 \uc778\uacf5\uc9c0\ub2a5(AI) \uc0b0\uc5c5\uc758 \uc131\uc7a5 \uc9c0\uc18d \uac00\ub2a5\uc131\uacfc \ubbf8\uad6d\u00b7\uc774\ub780 \uac04 \uc678\uad50 \ud611\uc0c1\uc758 \ubd88\ud655\uc2e4\uc131 \ub54c\ubb38\uc5d0 \ubcf4\ub2e4 \uc2e0\uc911\ud55c \ud0dc\ub3c4\ub97c \ubcf4\uc600\ub2e4.<\/li>\n\n\n\n
  5. \uae30\uc220\uc8fc \uc6b0\ub824\uc640 \uc911\ub3d9 \uae34\uc7a5\uc73c\ub85c \uc6d4\uac00 \uc57d\uc138
    \ub274\uc695 \uc99d\uc2dc\ub294 \uc7a5 \uc2dc\uc791 \uc804\ubd80\ud130 \ud558\ub77d\uc138\ub97c \ubcf4\uc600\ub2e4.
    \uc774\ub294 \ubc18\ub3c4\uccb4 \uae30\uc5c5\uc778 Broadcom\uc758 \uc2e4\ub9dd\uc2a4\ub7ec\uc6b4 \uc804\ub9dd\uc774 \ubc1c\ud45c\ub418\uba74\uc11c \uae30\uc220\uc8fc \uc0c1\uc2b9 \ub7a0\ub9ac\uc5d0 \ub300\ud55c \uc758\uad6c\uc2ec\uc774 \ucee4\uc84c\uae30 \ub54c\ubb38\uc774\ub2e4.
    \ub098\uc2a4\ub2e5: -1.33%, S&P500: -0.48%, \ub2e4\uc6b0\uc874\uc2a4: +0.62%\uc600\ub2e4.
    \ud55c\ud3b8 \uad6d\uc81c \uc720\uac00 2% \uc774\uc0c1 \ud558\ub77d\ud588\ub2e4.
    \ube0c\ub80c\ud2b8\uc720: \ubc30\ub7f4\ub2f9 95.33\ub2ec\ub7ec, WTI: \ubc30\ub7f4\ub2f9 93.62\ub2ec\ub7ec\uac00 \ub418\uc5c8\ub2e4.
    \uc720\uac00 \ud558\ub77d\uc740 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc774 \ub192\uc740 \uc0c1\ud669\uc5d0\uc11c \ubc1c\uc0dd\ud588\ub2e4.
    \ub808\ubc14\ub17c\uacfc \uc774\uc2a4\ub77c\uc5d8 \uac04 \ud734\uc804\uc774 \uc720\uc9c0\ub418\uace0 \uc788\uc74c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \ubc14\ub808\uc778\uacfc \ucfe0\uc6e8\uc774\ud2b8\uc5d0\uc11c \uc0c8\ub85c\uc6b4 \ubbf8\uc0ac\uc77c \uacf5\uaca9\uc774 \ubc1c\uc0dd\ud588\uace0, \ubbf8\uad6d\uacfc \uc774\ub780 \uac04 \ud3c9\ud654\ud611\uc0c1\ub3c4 \uc9c4\uc804\uc744 \ubcf4\uc774\uc9c0 \ubabb\ud558\uace0 \uc788\ub2e4.
    \ub610\ud55c \ubbf8\uad6d \uad6d\ucc44 \uc218\uc775\ub960\ub3c4 \ucd5c\ub300 0.9% \ud558\ub77d\ud558\uba70 \uae00\ub85c\ubc8c \ud22c\uc790\uc790\ub4e4\uc758 \uc704\ud5d8 \ud68c\ud53c \uc131\ud5a5\uc774 \uac15\ud654\ub41c \ubaa8\uc2b5\uc744 \ub098\ud0c0\ub0c8\ub2e4.<\/li>\n<\/ol>\n\n\n\n

    \ud575\uc2ec \uc694\uc57d<\/p>\n\n\n\n

      \n
    1. \uacf5\uc2dd \ub2ec\ub7ec \ud658\uc728\uc740 1,438\ud398\uc18c\uae4c\uc9c0 \uc0c1\uc2b9\ud588\uc9c0\ub9cc \ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8\ubcf4\ub2e4 \uc57d 20% \ub0ae\ub2e4.<\/li>\n\n\n\n
    2. \uc911\uc559\uc740\ud589\uc758 2026\ub144 \ub2ec\ub7ec \uc21c\ub9e4\uc785\uc561\uc774 100\uc5b5 \ub2ec\ub7ec\ub97c \ub3cc\ud30c\ud588\ub2e4.<\/li>\n\n\n\n
    3. OECD\ub294 \uc778\ud50c\ub808\uc774\uc158 \uc804\ub9dd\uc744 \ub192\uc774\uace0 \uc131\uc7a5\ub960 \uc804\ub9dd\uc740 \ub0ae\ucdc4\ub2e4.<\/li>\n\n\n\n
    4. \uba54\ub974\ubc1c \uc9c0\uc218 -1.9%, ADR \ucd5c\ub300 -9.7% \ud558\ub77d\uc73c\ub85c \uc544\ub974\ud5e8\ud2f0\ub098 \uae08\uc735\uc2dc\uc7a5\ub3c4 \uc57d\uc138\ub97c \ubcf4\uc600\ub2e4.<\/li>\n\n\n\n
    5. AI \uad00\ub828 \uc6b0\ub824\uc640 \uc911\ub3d9 \uc815\uc138 \ubd88\uc548\uc73c\ub85c \uc6d4\uac00\uac00 \ud558\ub77d\ud588\uace0, \uadf8 \uc601\ud5a5\uc774 \uc544\ub974\ud5e8\ud2f0\ub098 \uc2dc\uc7a5\uc5d0\ub3c4 \uc804\uc774\ub410\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

      \uc624\ub298\uc758 \uacbd\uc81c \ud575\uc2ec \uc694\uc57d<\/p>\n","protected":false},"author":6,"featured_media":12971,"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-12970","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\/12970","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=12970"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/12970\/revisions"}],"predecessor-version":[{"id":12972,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/12970\/revisions\/12972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/12971"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}