{"id":9013,"date":"2025-08-20T19:08:09","date_gmt":"2025-08-20T22:08:09","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=9013"},"modified":"2025-08-20T19:08:10","modified_gmt":"2025-08-20T22:08:10","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c08%ec%9b%94-20%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=9013","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(08\uc6d4 20\uc77c)"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/hanin.org.ar\/wp-content\/uploads\/2025\/08\/download-10.jpg\" alt=\"\" class=\"wp-image-9014\" style=\"width:379px;height:auto\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\ud558\uc6d0 \ud68c\uc758, \uc7ac\uc815\ud751\uc790\uc5d0 \ucd08\uc810<br>\ud558\uc6d0\uc740 \uc624\ub298 \ubc00\ub808\uc774 \ub300\ud1b5\ub839\uc774 \uac70\ubd80\uad8c\uc744 \ud589\uc0ac\ud55c \uc5f0\uae08 \uc778\uc0c1, \ubc00\ub9b0 \uc138\uae08 \ud560\ubd80 \uc784\uc2dc \uc5f0\uc7a5, \uae34\uae09 \uc7a5\uc560\uc778 \uc9c0\uc6d0 \ubc95\uc548\uc744 \ub17c\uc758\ud55c\ub2e4.<br>\ub610 \uc9c0\ubc29 \ubd84\ubc30\uae08\uacfc \uc720\ub958\uc138 \ubc30\ubd84\uc5d0 \uad00\ud55c \ubc95\uc548\ub3c4 \ud1a0\ub860\ud55c\ub2e4.<br>\uc5ec\ub2f9\uc740 \uce5c\uc5ec \uc815\ub2f9\uacfc \ud568\uaed8 \uc57c\ub2f9\uc758 \ubc95\uc548 \ud1b5\uacfc\ub97c \ub9c9\uc73c\ub824\uace0 \ud55c\ub2e4.<br>\ub9cc\uc57d \ubc95\uc548\uc774 \ud1b5\uacfc\ub41c\ub2e4\uba74, \uc7ac\uc815\uc5d0 \ub07c\uce58\ub294 \uc601\ud5a5\uc740 \uc131\ub2f9\ud560 \uac83\uc774\uba70, 2026\ub144\uae4c\uc9c0 \uc7ac\uc815\ud751\uc790\ub97c \uc720\uc9c0\ud558\ub824\ub294 \ubaa9\ud45c\uc640 2025\ub144 \ubaa9\ud45c\ub3c4 \uc57d\ud654\ub420 \uac83\uc774\ub2e4.<br>\uadf8\ub9ac\uace0 \uc2dc\uc815\uc5d0 \ud63c\ub780\uc744 \uac00\uc838\uc628\ub2e4.<br>\uc544\ub974\ud5e8\ud2f0\ub098\ub294 2025\ub144 GDP\uc758 2.2%, 2026\ub144 1.6%\uc758 1\ucc28 \ud751\uc790\uc640 \ucd5c\uc885 \uc7ac\uc815\uc740 \uac01\uac01 0%\uc640 0.3%\ub97c \ub2ec\uc131\ud574\uc57c \ud55c\ub2e4.<br>\uc758\ud68c \uc608\uc0b0\uad6d\uc758 \ucd94\uc0b0\uc5d0 \ub530\ub974\uba74, \uc704\uc758 3\uac00\uc9c0 \ubc95\uc548\uc774 \ud1b5\uacfc\ub418\uc5b4 \uc2dc\ud589\ub41c\ub2e4\uba74, \uc62c\ud574 \ub0a8\uc740 \uae30\uac04 \ub3d9\uc548 GDP\uc758 0.4%, 2026\ub144 \uc5d0\ub294 1.46%\uc5d0 \ud574\ub2f9\ud558\ub294 \uc9c0\ucd9c\uc744 \ub298\ub9b0\ub2e4.<br>\ubbfc\uac04 \uacbd\uc81c \uc5f0\uad6c\uc18c\ub294 0.7%\uc640 1.7%\ub85c \ucd94\uc0b0\ud55c\ub2e4.<\/li>\n\n\n\n<li>\uc8fc\uc2dd\uc2dc\uc7a5 \ucc44\uad8c\uc758 \uac15\ud55c \ubcc0\ub3d9\uc131<br>\uc2dc\uc7a5\uc740 \uc5b4\uc81c \ub2e4\uc2dc \ud398\uc18c \uae08\ub9ac, \ud2b9\ud788 \ucc44\uad8c\uc5d0 \uad00\uc2ec\uc774 \uc9d1\uc911\ub418\uc5c8\ub294\ub370, \uc774\ub294 LEFI \ud68c\uc218 \uc774\ud6c4 \uc8fc\uc694 \uc720\ub3d9\uc131 \ud1b5\ub85c\uac00 \ub418\uc5c8\uae30 \ub54c\ubb38\uc774\ub2e4.<br>\ud654\uc694\uc77c \uc5f0 \uae08\ub9ac\ub294 38.5%\ub85c \uac1c\uc7a5\ud588\uc9c0\ub9cc, \uae09\uaca9\ud788 \ud558\ub77d\ud574 \uc77c\ubd80 \uae08\uc735\uae30\uad00\uc740 27%\ub85c \uac70\ub798\ud588\ub2e4.<br>\uc774\ub7f0 \ubcc0\ub3d9\uc131\uc740 \ub354\uc774\uc0c1 \uc6d4 \ud3c9\uade0\uc73c\ub85c \uacc4\uc0b0\ud558\uc9c0 \uc54a\uace0, \ub9e4\uc77c \ud544\uc694\ud55c \uc794\uace0\ub294 \uc911\uc559\uc740\ud589\uc758 \uc0c8\ub85c\uc6b4 \uc81c\ub3c4\uc5d0 \ub530\ub77c\uc57c \ud55c\ub2e4.<br>\uc2e4\uc81c\ub85c \ub9c8\uac10 \uc2dc\uac04\uc5d0 \uc785\uae08\ub418\ub294 \uc608\uae08\uc740 \uc740\ud589\uc774 \ucc98\ub9ac\ud558\uc9c0 \ubabb\ud558\uace0 \uae08\ub9ac\uc640 \uc561\uc218\ub97c \uc65c\uace1\ud558\ub294 \uc77c\uc2dc\uc801 \uc720\ub3d9\uc131 \uacfc\uc789\uc744 \ubc1c\uc0dd\uc2dc\ud0a8\ub2e4.<\/li>\n\n\n\n<li>7\uc6d4 \ub3c4\ub9e4 \uc778\ud50c\ub808\uc774\uc158 2.8%<br>\ub3c4\ub9e4\ubb3c\uac00 \uc9c0\uc218\ub294 7\uc6d4 2.8% \uc0c1\uc2b9\ud588\ub2e4.<br>\uc774\ub294 \uc8fc\ub85c \uc218\uc785\ud488\uacfc \ub18d\uc0b0\ubb3c \uac00\uaca9 \uc778\uc0c1\uc774\uc5c8\ub2e4.<br>\uc218\uc785\ud488\uc740 5.7%\ub098 \uc62c\ub77c \uc9c0\uc218\uc5d0 \ud070 \ubd80\ub2f4\uc744 \uc8fc\uc5c8\ub2e4.<br>\ub3c4\ub9e4\ubb3c\uac00 \uc9c0\uc218\ub294 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218\uc640 \ub2e4\ub974\uac8c \ud658\uc728\uc5d0 \ub354 \ubbfc\uac10\ud558\uac8c \ubc18\uc751\ud55c\ub2e4.<br>\uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc62c\ud574 7\uac1c\uc6d4 \ub3d9\uc548\uc758 \ub3c4\ub9e4\ubb3c\uac00 \uc9c0\uc218\ub294 12.3%\ub85c \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218 17.3%\ubcf4\ub2e4 \ub0ae\uc558\ub2e4.<br>\uc804\ub144 \ub3d9\uae30 \ub300\ube44 \ub3c4\ub9e4\ubb3c\uac00 \uc9c0\uc218\ub294 20.9%, \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218\ub294 36.6% \uc62c\ub790\ub2e4.<br>\uc774\uc640\uad00\ub828 El Cronista\uc9c0\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \ubcf4\ub3c4\ud588\ub2e4.<br>8\uc6d4 \uc778\ud50c\ub808\uc774\uc158\uc740 6\uc6d4\uacfc \uac19\uc740 1.6%\uac00 \ub420\uac83\uc774\ub2e4.<br>\uc65c\ub0d0\ud558\uba74 \uac00\uaca9 \uc0c1\uc2b9\uc744 \uac00\uc838\uc624\ub294 \uacc4\uc808\uc801 \uc694\uc778\uc774 \ub9ce\uc9c0 \uc54a\uae30 \ub54c\ubb38\uc774\ub2e4.<br>\ubc18\uba74\uc5d0 \uacbd\uc81c\ud65c\ub3d9 \uce68\uccb4\ub85c \uc7ac\uace0\uac00 \ub9ce\uc740 \uae30\uc5c5\ub4e4\uc740 \ubaa8\ub4e0 \ube44\uc6a9\uc744 \uac00\uaca9\uc73c\ub85c \uc804\uac00\uc2dc\ud0a4\uc9c0 \uc54a\uc744 \uac83\uc774\ub2e4.<\/li>\n\n\n\n<li>\uc8fc\uc2dd \uae09\ub77d<br>\uad6d\ub0b4 \uc99d\uad8c\uac70\ub798\uc18c\ub294 \ud654\uc694\uc77c \uae08\ub9ac \uc0c1\uc2b9\uacfc \uc138\uacc4\uc801\uc778 \ubd88\uc548\uc815\uc73c\ub85c \uae09\ub77d\uc73c\ub85c \ub9c8\uac10\ud588\ub2e4.<br>Merval \uc9c0\uc218\ub294 \ud398\uc18c\ub85c 4.8%, \ub2ec\ub7ec\ub85c 5% \ud558\ub77d\ud588\uace0, \uc77c\ubd80 \uc885\ubaa9\uc740 8%\uae4c\uc9c0 \uae09\ub77d\ud588\ub2e4.<br>ADR\ub3c4 7.8%\ub098 \ub5a8\uc5b4\uc84c\ub2e4.<br>\uc774\ub294 \ud1b5\ud654 \uc815\ucc45\uc758 \uae34\ucd95\uc774 \uae30\uc5c5 \ub300\ucc28\ub300\uc870\ud45c\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\uae30 \uc2dc\uc791\ud588\uace0, \uad6d\uc81c\uc2dc\uc7a5\uc758 \ubd88\uc548\uc815\ub3c4 \ub9e4\ub3c4\uc138\ub97c \uc99d\ud3ed\uc2dc\ucf30\ub2e4.<br>\ub610 \uad6d\ub0b4\uc2dc\uc7a5\uc740 \ud398\uc18c \ucc44\uad8c\uacfc \ucc44\uad8c \uae08\ub9ac \ubcc0\ub3d9\uc5d0 \uc8fc\ubaa9\ud588\ub294\ub370, \uc774\ub294 \uc7ac\ubb34\uccad\uc758 \uae34\uae09 \uc785\ucc30\uacfc \ud1b5\ud654 \uae34\ucd95 \uac15\ud654 \uc870\uce58\ub97c \ucde8\ud55c \uc774\ud6c4 \ub2e4\uc2dc \ub192\uc740 \ubcc0\ub3d9\uc131\uc744 \ubcf4\uc600\ub2e4.<br>\ub2ec\ub7ec \ucc44\uad8c\uc740 \ub300\ubd80\ubd84 \uc0c1\uc2b9\ud588\uc73c\uba70, \ucd5c\ub300 1.3%\uae4c\uc9c0 \uc62c\ub790\ub2e4.<br>\ub530\ub77c\uc11c \uad6d\uac00\uc704\ud5d8\ub3c4\ub294 706bp\ub97c \uae30\ub85d\ud588\ub2e4.<\/li>\n\n\n\n<li>\ub2ec\ub7ec \ud658\uc728 12\uac70\ub798\uc77c \uc5f0\uc18d \ud558\ub77d<br>\ub3c4\ub9e4\ud658\uc728\uc740 \ud654\uc694\uc77c 1,292.50 \ud398\uc18c, MEP \ud658\uc728\uc740 1,297.02 \ud398\uc18c, CCL \ud658\uc728\uc740 1,305.65 \ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4.<br>\uc120\ubb3c\ud658\uc728\uc740 8\uc6d4\uacfc 9\uc6d4\uc740 \ud558\ub77d\ud588\uace0, \ub354 \uae34 \ud3ec\uc9c0\uc158\uc740 \uc0c1\uc2b9\uc73c\ub85c \ub05d\ub0ac\ub2e4.<br>\uc678\ud658\ubcf4\uc720\uc561\uc740 5600\ub9cc \ub2ec\ub7ec\uac00 \uac10\uc18c\ud55c 417\uc5b5 500\ub9cc \ub2ec\ub7ec\uac00 \ub418\uc5c8\ub2e4.<\/li>\n\n\n\n<li>\ubbf8\uad6d, \ucca0\uac15\uacfc \uc54c\ub8e8\ubbf8\ub284 \uc81c\ud488\uc5d0 \ub300\ud55c \uad00\uc138 \ud655\ub300<br>\ubbf8\uad6d \uc815\ubd80\ub294 \ucca0\uac15\uacfc \uc54c\ub8e8\ubbf8\ub284\uc5d0 \ub300\ud55c 50%\uc758 \uad00\uc138\ub97c \uad00\ub828 \uc81c\ud488 407\uac1c\uc5d0 \ub300\ud574\uc11c\ub3c4 \ud655\ub300\ud558\uae30\ub85c \uacb0\uc815\ud588\ub2e4.<br>\ud3ec\ud568\ub41c \uc81c\ud488\uc5d0\ub294 \ud48d\ub825 \ud130\ube48, \uc774\ub3d9\uc2dd \ud06c\ub808\uc778, \ubd88\ub3c4\uc800, \uc555\ucd95\uae30, \ud38c\ud504, \uac00\uad6c, \uac1d\ucc28 \ubc0f \ub2e4\uc591\ud55c \uc0b0\uc5c5 \uc7a5\ube44 \ub4f1\uc774\ub2e4.<br>\uc774 \uc870\uce58\ub294 \uc6d4\uc694\uc77c\ubd80\ud130 \uc2dc\ud589\ub418\uae30 \uc2dc\uc791\ud588\ub2e4.<br>\uc774\ub7f0 \uad00\uc138 \uc778\uc0c1\uc774 \uc18c\ub9e4 \uac00\uaca9\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc740 \uc9c0\uae08\uae4c\uc9c0 \uc81c\ud55c\uc801\uc774\uc5c8\uc9c0\ub9cc, \uac00\uaca9 \uc804\uc774 \uc601\ud5a5\uc740 \uc5ec\uc804\ud788 \ubd88\ud655\uc2e4\uc131 \uc18d\uc5d0 \uc788\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>\uc624\ub298\uc758 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