{"id":13323,"date":"2026-06-29T17:31:27","date_gmt":"2026-06-29T20:31:27","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=13323"},"modified":"2026-06-29T17:31:28","modified_gmt":"2026-06-29T20:31:28","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c06%ec%9b%94-29%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=13323","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(06\uc6d4 29\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \uc7ac\ubb34\uccad, \ub9cc\uae30 \uad6d\ucc44 \uc804\uc561 \ucc28\ud658 \uc2e4\ud328\u2026 3\uc870 \ud398\uc18c \uc2dc\uc7a5\uc5d0 \ud480\ub9b0\ub2e4
    \uc815\ubd80\ub294 \uc774\ub2ec \ub9d0 \ub9cc\uae30\uac00 \ub3c4\ub798\ud558\ub294 \ud398\uc18c\ud654 \ud45c\uc2dc \uad6d\ucc44\ub97c \ubaa8\ub450 \ucc28\ud658(\ub864\uc624\ubc84)\ud558\uc9c0 \ubabb\ud558\uba74\uc11c \uc7ac\uc815 \uc6b4\uc6a9\uc5d0 \uc77c\uc2dc\uc801\uc778 \ucc28\uc9c8\uc744 \uacaa\uc5c8\ub2e4.
    \ucd1d 16\uc870 2,000\uc5b5 \ud398\uc18c\uc758 \ub9cc\uae30 \ucc44\ubb34 \uac00\uc6b4\ub370 81.26%\ub9cc \uc7ac\uc870\ub2ec\ud558\ub294 \ub370 \uc131\uacf5\ud588\uc73c\uba70, \uae08\uc694\uc77c \uc785\ucc30\uc5d0\uc11c \uae08\ub9ac\ub97c \uc778\uc0c1\ud588\uc74c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \ucd1d 14\uc870 9,300\uc5b5 \ud398\uc18c\uc758 \uc751\ucc30 \uac00\uc6b4\ub370 13\uc870 2,200\uc5b5 \ud398\uc18c\ub9cc \ub099\ucc30\ub410\ub2e4.
    \ub0a8\uc740 \uc57d 3\uc870 \ud398\uc18c\uc758 \ubd80\uc871\ubd84\uc740 \ud654\uc694\uc77c \uc911\uc559\uc740\ud589(BCRA)\uc5d0 \uc608\uce58\ub41c \uc815\ubd80 \uc608\uae08\uc744 \uc77c\ubd80 \uc0ac\uc6a9\ud574 \ucda9\ub2f9\ud560 \uc608\uc815\uc774\ub2e4.
    \uc774\ucc98\ub7fc \uc2dc\uc7a5\uc5d0 \ud480\ub9ac\ub294 \ucd94\uac00 \uc720\ub3d9\uc131\uc740 \uac15\ub825\ud55c \uae34\ucd95 \ud1b5\ud654\uc815\ucc45\uc73c\ub85c \uc704\ucd95\ub41c \uacbd\uc81c\ub97c \ub2e4\uc18c \ud68c\ubcf5\uc2dc\ud0a4\ub294 \ud6a8\uacfc\ub97c \ub0bc \uc218\ub3c4 \uc788\ub2e4. \ub2e4\ub9cc \uc774 \uc790\uae08\uc774 \uc678\ud658\uc2dc\uc7a5\uc73c\ub85c \uc774\ub3d9\ud574 \ub2ec\ub7ec \uc218\uc694\ub97c \uc790\uadf9\ud558\uc9c0 \uc54a\ub294 \uac83\uc774 \uc804\uc81c \uc870\uac74\uc774\ub2e4.
    \uc774\ubc88 \uc785\ucc30\uc5d0\uc11c \uac00\uc7a5 \uc778\uae30\uac00 \ub192\uc558\ub358 \uc0c1\ud488\uc740 11\uc6d4 \ub9cc\uae30 \uace0\uc815\uae08\ub9ac LECAP\uc73c\ub85c, 4\uc870 1,800\uc5b5 \ud398\uc18c\uac00 \ubc30\uc815\ub410\uc73c\uba70 \uc6d4 \uc2e4\ud6a8\uae08\ub9ac 2.10%\ub97c \uae30\ub85d\ud588\ub2e4.
    \uc774 \uc0c1\ud488\uacfc \ub4c0\uc5bc\ucc44\uad8c \ubc0f \ubcc0\ub3d9\uae08\ub9ac\ucc44\uad8c\uc744 \ud569\uce58\uba74 \uc804\uccb4 \uc751\ucc30 \ubb3c\ub7c9\uc758 \uc57d 80%\ub97c \ucc28\uc9c0\ud588\ub2e4.<\/li>\n\n\n\n
  2. 7\uc6d4 \uc678\ucc44 \uc0c1\ud658, \ubcf4\uc720 \uc790\uae08\uacfc \uad6d\uc81c \ubcf4\uc99d\uc73c\ub85c \ubcf4\uc7a5
    \uc815\ubd80\ub294 7\uc6d4 9\uc77c \ub9cc\uae30\uc778 43\uc5b5 \ub2ec\ub7ec\uc758 \uc678\ucc44\ub97c 2\uc8fc\ub3c4 \ub0a8\uae30\uc9c0 \uc54a\uc740 \uc0c1\ud669\uc5d0\uc11c \uc790\uccb4 \uc790\uae08\uc744 \ud65c\uc6a9\ud574 \ucc44\uad8c\uc790\ub4e4\uc5d0\uac8c \uc804\uc561 \uc0c1\ud658\ud558\uaca0\ub2e4\uace0 \ubc1d\ud614\ub2e4.
    \uc7ac\ubb34\uccad\uc740 \ud604\uc7ac 35\uc5b5 \ub2ec\ub7ec\uc758 \uc678\ud654\uc640 10\uc870 \ud398\uc18c \uc774\uc0c1\uc758 \uc608\uae08\uc744 \ubcf4\uc720\ud558\uace0 \uc788\uc73c\uba70, \ubd80\uc871\ud55c \uc678\ud654\ub294 \uad6d\ub0b4 \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c \ucd94\uac00 \ub9e4\uc785\ud574 \ucda9\ub2f9\ud560 \uacc4\ud68d\uc774\ub2e4.
    \ub3d9\uc2dc\uc5d0 \ud558\ube44\uc5d0\ub974 \ubc00\ub808\uc774 \uc815\ubd80\ub294 \ucd5c\ub300 50\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uad6d\uc81c \ucc28\uc785\uc744 \ucd94\uc9c4\ud558\uace0 \uc788\ub2e4. \uc774 \ub300\ucd9c\uc740 \uc138\uacc4\uc740\ud589\uacfc \ubbf8\uc8fc\uac1c\ubc1c\uc740\ud589(BID)\uc758 \ubcf4\uc99d\uc744 \uae30\ubc18\uc73c\ub85c \ud55c\ub2e4.
    \uc7ac\ubb34\ubd80\uccad\uc7a5 \ud398\ub370\ub9ac\ucf54 \ud478\ub9ac\uc544\uc138(Federico Furiase)\ub294 \uc774 \uc790\uae08\uc774 \uc5f0 6% \uae08\ub9ac\ub85c \uc870\ub2ec\ub420 \uc608\uc815\uc774\uba70, 2026\ub144 \uc7ac\uc815 \uc758\ubb34 \uc774\ud589\uc744 \uc704\ud55c \uc7ac\uc6d0\uc73c\ub85c \ud655\ubcf4\ub420 \uac83\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.
    \ub610\ud55c \uc774 \ub300\ucd9c\uacfc CAF(\uc911\ub0a8\ubbf8\uac1c\ubc1c\uc740\ud589)\uc758 \ucd94\uac00 \uae08\uc735\uc9c0\uc6d0\uc774 \ub354\ud574\uc9c8 \uacbd\uc6b0, \ub8e8\uc774\uc2a4 \uce74\ud478\ud1a0 \uacbd\uc81c\ud300\uc740 \ubc00\ub808\uc774 \uc815\ubd80 \uc784\uae30 \ub9d0\uae4c\uc9c0 \uad6d\ucc44 \ub9cc\uae30 \ubd80\ub2f4\uacfc IMF \uad00\ub828 \uc7ac\uc6d0 \ud655\ubcf4 \ubb38\uc81c\uac00 \uc0ac\uc2e4\uc0c1 \ud574\uacb0\ub420 \uac83\uc73c\ub85c \ubcf4\uace0 \uc788\ub2e4.
    Walter Morales(Wise Capital \ud22c\uc790\ud68c\uc0ac \ub300\ud45c)\uc758 \uacac\ud574
    “\uc544\ub974\ud5e8\ud2f0\ub098\ub294 \uad6d\uc81c \uae08\uc735\uc2dc\uc7a5\uc5d0\uc11c \ucc44\uad8c\uc744 \ubc1c\ud589\ud560 \ub2a5\ub825\uc774 \uc788\ub2e4\ub294 \uac83\uc744 \ub2e4\uc2dc \uc99d\uba85\ud560 \ud544\uc694\uac00 \uc5c6\uc2b5\ub2c8\ub2e4. \uc774\ubbf8 \uacfc\uac70 \uc5ec\ub7ec \ucc28\ub840 \uadf8\ub807\uac8c \ud588\uc2b5\ub2c8\ub2e4.
    \uc911\uc694\ud55c \uac83\uc740 \uad6d\uc81c\uc2dc\uc7a5 \ubcf5\uadc0\uac00 \uc9c0\uc18d \uac00\ub2a5\ud55c \uc870\uac74\uacfc \uc7a5\uae30 \uc804\ub7b5\uc5d0 \ubd80\ud569\ud558\ub294 \uc790\uae08\uc870\ub2ec \ube44\uc6a9 \uc544\ub798\uc5d0\uc11c \uc774\ub8e8\uc5b4\uc9c0\ub294 \uac83\uc785\ub2c8\ub2e4.
    \ud604\uc7ac \uc815\ubd80\ub294 \uad73\uc774 \uc11c\ub458\ub7ec \uad6d\uc81c\ucc44 \ubc1c\ud589\uc744 \ud558\uc9c0 \uc54a\uc544\ub3c4 \uc7ac\uc815 \uc758\ubb34\ub97c \uad00\ub9ac\ud560 \uc218 \uc788\ub294 \uc5ec\ub7ec \uc218\ub2e8\uc744 \uac16\ucd94\uace0 \uc788\uc2b5\ub2c8\ub2e4.
    \uad6d\uac00\uc704\ud5d8\ub3c4\uac00 \ub354 \ub0ae\uc544\uc9c0\uace0 \uad6d\uc81c\uc0ac\ud68c\uc758 \uc2e0\ub8b0\uac00 \uac1c\uc120\ub41c\ub2e4\uba74 \uc55e\uc73c\ub85c \ub354 \ub0ae\uc740 \uae08\ub9ac\uc640 \ub354 \uae34 \ub9cc\uae30\uc758 \uc790\uae08\uc870\ub2ec\uc774 \uac00\ub2a5\ud574\uc9c8 \uac83\uc785\ub2c8\ub2e4.
    \uc911\uc694\ud55c \uac83\uc740 ‘\uc2e0\uc6a9 \uc811\uadfc’\uacfc ‘\uc2e0\uc6a9 \uc758\uc874’\uc744 \ud63c\ub3d9\ud558\uc9c0 \uc54a\ub294 \uac83\uc785\ub2c8\ub2e4.”<\/li>\n\n\n\n
  3. \uce90\ub9ac \ud2b8\ub808\uc774\ub4dc \uc81c\ub3d9\u2026 6\uc6d4 \ub2ec\ub7ec \ud658\uc728 \uc0c1\uc2b9\uc73c\ub85c \ud398\uc18c \ud22c\uc790 \uc5f4\uae30 \uc2dd\uc5b4
    6\uc6d4 \uacf5\uc2dd \ud658\uc728 \uc0c1\uc2b9\uc73c\ub85c \uc62c\ud574 \uac00\uc7a5 \ub192\uc740 \uc218\uc775\uc744 \uc62c\ub9ac\ub358 \uce90\ub9ac \ud2b8\ub808\uc774\ub4dc \uc804\ub7b5\uc5d0 \uc81c\ub3d9\uc774 \uac78\ub838\ub2e4.
    6\uc6d4 \ud55c \ub2ec \ub3d9\uc548 \uacf5\uc2dd \ud658\uc728\uc740 4.9% \uc0c1\uc2b9\ud574 \ub3c4\ub9e4\ud658\uc728\uc774 1\ub2ec\ub7ec\ub2f9 1,477\ud398\uc18c\uc5d0 \ub3c4\ub2ec\ud588\uace0, \uc774\uc5d0 \ub530\ub77c \ud398\uc18c\ud654 \ud22c\uc790 \uc218\uc775\ub960\uc740 2025\ub144 \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4 \uc9c0\ubc29\uc120\uac70 \uc774\ud6c4 \ucc98\uc74c\uc73c\ub85c \uc6d4\uac04 \uc190\uc2e4\uc744 \uae30\ub85d\ud588\ub2e4.
    \uc911\uc559\uc740\ud589\uc740 \uc678\ud658\ubcf4\uc720\uc561\uc744 \ud76c\uc0dd\ud558\uc9c0 \uc54a\uc73c\uba74\uc11c \ud658\uc728\uc744 \uc548\uc815\uc2dc\ud0a4\uae30 \uc704\ud574 \ub2ec\ub7ec \uc120\ubb3c\uacfc \ub2ec\ub7ec \uc5f0\ub3d9 \ucc44\uad8c\uc744 \uc801\uadf9 \ub9e4\ub3c4\ud588\uace0, \uc678\ud654 \ub9e4\uc785 \uc18d\ub3c4\ub3c4 \ub454\ud654\ub410\ub2e4.
    \uc815\ubd80\ub294 \ud658\uc728 \uc0c1\uc2b9\uc5d0\ub3c4 \ube44\uad50\uc801 \uc548\ub3c4\ud558\uace0 \uc788\ub2e4.
    2026\ub144 \ub4e4\uc5b4 \uacf5\uc2dd \ud658\uc728 \uc0c1\uc2b9\ub960\uc740 1.4%
    \uac19\uc740 \uae30\uac04 \ub204\uc801 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc740 14.7%
    \ud604\uc7ac \ud658\uc728\uc740 \ud658\uc728\ubc34\ub4dc \uc0c1\ub2e8\ubcf4\ub2e4 18% \ub0ae\uc740 \uc218\uc900\uc774\uae30 \ub54c\ubb38\uc774\ub2e4.
    \uc815\ubd80\ub294 \uc774\ub7ec\ud55c \uc810\uc9c4\uc801\uc778 \ud658\uc728 \uc870\uc815\uc774 \uc911\ub3d9 \ud734\uc804, \uad6d\uc81c\uc720\uac00 \ud558\ub77d, \ube0c\ub77c\uc9c8 \ud5e4\uc54c\ud654 \uc57d\uc138 \ub4f1 \uc678\ubd80 \ucda9\uaca9\uc744 \ud761\uc218\ud558\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub418\uace0 \uc788\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4.<\/li>\n\n\n\n
  4. \ubbf8\uad6d \uc5f0\uc900, \uae30\ub85d\uc801\uc778 \uc778\ud50c\ub808\uc774\uc158 \uc5b5\uc81c\uc5d0 \uc9d1\uc911
    \uc774\ub780 \uc0ac\ud0dc\uc640 \ud638\ub974\ubb34\uc988 \ud574\ud611 \ubd09\uc1c4 \uc5ec\ud30c\ub85c \ubbf8\uad6d\uc758 5\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00 \uc0c1\uc2b9\ub960\uc740 \uc804\ub144 \ub300\ube44 4.1%\ub97c \uae30\ub85d\ud588\ub2e4.
    \uc774\ub294 \ucd5c\uadfc 3\ub144 \uc0ac\uc774 \uac00\uc7a5 \ub192\uc740 \uc218\uc900\uc73c\ub85c \uc5f0\uc900 \ubaa9\ud45c\uce58\uc778 2%\uc758 \ub450 \ubc30\uc5d0 \ud574\ub2f9\ud55c\ub2e4.
    \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9\uacfc 2025\ub144\ubd80\ud130 \uc774\uc5b4\uc9c4 \uad00\uc138 \ucda9\uaca9\uc5d0\ub3c4 \ubbf8\uad6d \uacbd\uc81c\ub294 \uacac\uc870\ud55c \ubaa8\uc2b5\uc744 \uc720\uc9c0\ud558\uace0 \uc788\ub2e4.
    \uc0c8 \uc5f0\uc900 \uc758\uc7a5 \ucf00\ube48 \uc6cc\uc2dc(Kevin Warsh)\ub294 \ucde8\uc784 \ud6c4 \ubb3c\uac00 \uc548\uc815\uc5d0 \ucd08\uc810\uc744 \ub9de\ucd98 \uac15\uacbd\ud55c \uba54\uc2dc\uc9c0\ub97c \ub0b4\ub193\uc73c\uba70 \uc5f0\ub9d0 \ucd94\uac00 \uae08\ub9ac \uc778\uc0c1 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud588\ub2e4.
    \ub2e4\ub9cc \ucd5c\uadfc \uc774\ub780\uacfc\uc758 \ud734\uc804 \ud569\uc758\ub85c \uc5f0\ub8cc \uac00\uaca9\uacfc \uc2dc\uc7a5 \ubd88\uc548\uc740 \ub2e4\uc18c \uc9c4\uc815\ub410\uc73c\uba70, \uc5f0\uc900\uc740 \ub2f9\ubd84\uac04 \uae08\ub9ac\ub97c \ub3d9\uacb0\ud558\uace0 \ud5a5\ud6c4 \uace0\uc6a9\uc9c0\ud45c\uc640 \ud734\uc804\uc758 \uc601\ud5a5\uc744 \uc9c0\ucf1c\ubcfc \uacc4\ud68d\uc774\ub2e4.<\/li>\n\n\n\n
  5. \uc678\uad50\uc801 \uae34\uc7a5 \uc644\ud654\ub85c \uc6d4\uac00 \uc0c1\uc2b9\u2026 \uad6d\uc81c\uc720\uac00 \ud558\ub77d
    \ubbf8\uad6d\uacfc \uc774\ub780\uc774 \ud3c9\ud654 \ud611\uc0c1\uc744 \uc7ac\uac1c\ud558\uba74\uc11c \uc6d4\uac00 \uc8fc\uc694 \uc9c0\uc218\ub294 \uc0c1\uc2b9\uc138\ub97c \ubcf4\uc600\ub2e4.
    \ud638\ub974\ubb34\uc988 \ud574\ud611\uc5d0\uc11c\uc758 \ucda9\ub3cc\ub85c \uae09\ub4f1\ud588\ub358 \uad6d\uc81c\uc720\uac00\ub294 \uc591\uad6d\uc774 \uc801\ub300\ud589\uc704\ub97c \uc911\ub2e8\ud558\uae30\ub85c \ud569\uc758\ud558\uba74\uc11c \uc548\uc815\ub410\ub2e4.
    \ud604\uc7ac \uad6d\uc81c\uc720\uac00\ub294 \ub2e4\uc74c\uacfc \uac19\ub2e4.
    \ube0c\ub80c\ud2b8\uc720: \ubc30\ub7f4\ub2f9 73.03\ub2ec\ub7ec
    WTI: \ubc30\ub7f4\ub2f9 69.9\ub2ec\ub7ec
    \uc720\uac00 \ud558\ub77d\uc740 \uc138\uacc4\uc801\uc778 \uc778\ud50c\ub808\uc774\uc158 \uc555\ub825\uc744 \uc644\ud654\uc2dc\ud0a4\uace0 \uc788\uc9c0\ub9cc, \ubbf8\uad6d\uc758 \ub192\uc740 \ubb3c\uac00 \uc218\uc900\uc73c\ub85c \uc778\ud574 \uc5f0\uc900\uc758 \ucd94\uac00 \uae08\ub9ac \uc778\uc0c1 \uac00\ub2a5\uc131\uc740 \uc5ec\uc804\ud788 \ub0a8\uc544 \uc788\ub2e4.
    \uc774 \uc601\ud5a5\uc73c\ub85c \ub2ec\ub7ec\ub294 \uc5f0\uc911 \uace0\uc810 \ubd80\uadfc\uc5d0\uc11c \uac15\uc138\ub97c \uc720\uc9c0\ud558\uace0 \uc788\uc73c\uba70 \ubbf8\uad6d \uad6d\ucc44 \uae08\ub9ac\ub3c4 \uc18c\ud3ed \uc0c1\uc2b9\ud588\ub2e4.
    \ub274\uc695 \uc99d\uc2dc \uac1c\uc7a5 \uc804 \uc120\ubb3c\uc2dc\uc7a5\uc740 \ub2e4\uc74c\uacfc \uac19\uc774 \uc0c1\uc2b9\ud588\ub2e4.
    S&P500: +0.79%
    \ub098\uc2a4\ub2e5: +1.09%
    \ub2e4\uc6b0\uc874\uc2a4: +0.39% \uac01\uac01 \uc0c1\uc2b9\ud588\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":13324,"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-13323","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\/13323","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=13323"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/13323\/revisions"}],"predecessor-version":[{"id":13325,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/13323\/revisions\/13325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/13324"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}