{"id":9053,"date":"2025-08-25T18:44:40","date_gmt":"2025-08-25T21:44:40","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=9053"},"modified":"2025-08-25T18:44:41","modified_gmt":"2025-08-25T21:44:41","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c08%ec%9b%94-25%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=9053","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(08\uc6d4 25\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \ub3c4\uc804 : \ud398\uc18c \ucc44\uad8c\uc5d0 \ub300\ud55c \uc0c8\ub85c\uc6b4 \uc785\ucc30
    \uc815\uce58\uc801 \uae34\uc7a5\uacfc \uae08\uc735 \ubcc0\ub3d9\uc131 \uc18d\uc5d0\uc11c \uae4c\ubfcc\ub610 \uacbd\uc81c\uc7a5\uad00\uc740 \uc774\ubc88\uc8fc 13\uc870 8\ucc9c\uc5b5 \ud398\uc18c\uc758 \ucc44\ubb34 \uc0c1\ud658\uc5d0 \uc9c1\uba74\ud55c\ub2e4.
    \uc120\uac70\uac00 \uac00\uae4c\uc6cc \uc62c\uc218\ub85d \uacbd\uc81c \uc2dc\ub098\ub9ac\uc624\ub294 \ub354\uc6b1 \ubcf5\uc7a1\ud574\uc9c0\uace0 \uc2dc\uc7a5\uc758 \ubd88\ud655\uc2e4\uc131\uc744 \ub192\uc774\uace0 \uc788\ub2e4.
    \uc7ac\ubb34\uccad\uc740 \uc0c1\ud658\uc561\uc774 9\uc870 1\ucc9c\uc5b5 \ud398\uc18c\ub85c \ub354 \uc801\uc744 \uac83\uc73c\ub85c \ucd94\uc815\ud55c\ub2e4.
    \uadf8 \ucc28\uc774\ub294 \uc911\uc559\uc740\ud589\uc774 \uac16\uace0\uc788\ub294 4\uc870 8\ucc9c\uc5b5 \ud398\uc18c (\uc804\uccb4\uc758 34%)\uac00 \uc5f0\uc7a5\ub420 \uac83\uc774\uae30 \ub54c\ubb38\uc774\ub2e4.
    \uc7ac\ubb34\uccad\uc740 \uc624\ub298 \uc218\uc694\uc77c \uc785\ucc30\uc5d0 \uc0ac\uc6a9\ub420 \ucc44\uad8c\uacfc \uc870\uac74\uc744 \ubc1c\ud45c\ud560 \uc608\uc815\uc774\ub2e4.
    \ub2f9\uad6d\uc740 \uc740\ud589\ub4e4\uc758 \uacf5\uacf5\ucc44\uad8c \uac31\uc2e0\uc774 \ub0ae\ub2e4\ub294 \uc810\uc744 \uace0\ub824\ud558\uc5ec \uc81c\uc548 \uc870\uac74\uc744 \uba85\ud655\ud558\uac8c \uc870\uc815\ud574\uc57c \ud55c\ub2e4.
    \uc774\uc804\uc758 \uc785\ucc30\uc740 \ub9cc\uc871\uc2a4\ub7fd\uc9c0 \ubabb\ud588\ub2e4.
    8\uc6d4 \uccab\ubc88\uc9f8 \uc785\ucc30\uc5d0\uc11c\ub294 \ubaa9\ud45c\uc561\uc758 61%\uc778 5\uc870 8\ucc9c\uc5b5 \ud398\uc18c\ub97c \uc870\ub2ec\ud588\ub2e4.
    \uc774 \ub54c\ubb38\uc5d0 \uae34\uae09\ud558\uac8c 11\uc6d4 \ub9cc\uae30\uc778 \ub450\ubc88\uc9f8 \uc785\ucc30\uc744 \uc2e4\uc2dc\ud588\uace0, \uae08\ub9ac\ub3c4 \uc218\uc815\ud588\ub2e4.
    \uae08\uc735\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uae08\uc735\uae30\uad00\uc774 \uc7ac\ubb34\uccad \ucc44\uad8c \uc785\ucc30\ubcf4\ub2e4 \uc720\ub3d9\uc131\uc774 \ub354 \ud070 \ud544\uc694\uc131 \ub54c\ubb38\uc5d0 \uc774\ub7f0 \uae08\ub9ac \uc0c1\uc2b9\uc774 \ubc18\ubcf5\ub420 \uc218 \uc788\ub2e4\uace0 \ucd94\uce21\ud55c\ub2e4.<\/li>\n\n\n\n
  2. \ud658\uc728 \uc0c1\uc2b9, \uc678\ud658\ubcf4\uc720\uc561 \uac10\uc18c
    \uc9c0\ub09c\uc8fc\ub294 \ud658\uc728 \uc555\ubc15\uc744 \ud574\uc81c\ud560 \uc815\ub3c4\uc758 \uae08\ub9ac\uac00 \uc5c6\uc5c8\ub2e4.
    \uae08\ub9ac\ub294 \uc8fc\uc2dd\uacfc \ub2ec\ub7ec \ucc44\uad8c\uc744 \ub0c9\uac01\uc2dc\ud0a4\ub294 \uc5ed\ud65c\uc744 \ud588\uc9c0\ub9cc, \ud658\uc728 \uc0c1\uc2b9 \uc5b5\uc81c\ub294 \uc2e4\ud328\ud588\ub2e4.
    \ub3c4\ub9e4\ud658\uc728\uc740 \uae08\uc694\uc77c 1,321 \ud398\uc18c, MEP \ud658\uc728\uc740 1,329.08 \ud398\uc18c, CCL \ud658\uc728\uc740 1,333.81 \ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4.
    \uc911\uc559\uc740\ud589\uc758 \uc678\ud658\ubcf4\uc720\uc561\uc740 4\uc5b5 800\ub9cc \ub2ec\ub7ec\uac00 \uac10\uc18c\ud55c 414\uc5b5 9900\ub9cc \ub2ec\ub7ec\uac00 \ub418\uc5c8\ub2e4.
    \uc774\uc640\uad00\ub828 Infobae\uc9c0\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \ubcf4\ub3c4\ud588\ub2e4.
    \uc815\ubd80\ub294 \uc790\uae08\uc2dc\uc7a5\uc758 \ubcc0\ub3d9\uc131 \uc644\ud654\ub97c \uc6b0\uc120\uc2dc\ud55c\ub2e4.
    \uc6d0\ub798 \ud398\uc18c \uc720\ud1b5\ub7c9\uc744 \uace0\uc815\ud558\uace0, \uc2dc\uc7a5\uc774 \uae08\ub9ac\ub97c \uacb0\uc815\ud558\ub3c4\ub85d \ud558\ub824\ub294 \uc0c8\ub85c\uc6b4 \ud1b5\ud654 \uc815\ucc45\uc5d0 \ub530\ub77c, \uaddc\uc81c \ubcc0\uacbd \uc870\uce58\ub97c \ucde8\ud588\ub2e4.
    \uc740\ud589\ub4e4\uc740 \uc790\uae08\uc744 \uc9c0\uae09\uc900\ube44\uae08\uc73c\ub85c \ubb36\uc5ec\ub458 \ud544\uc694\uc5c6\uc774 \ud558\ub8e8\uc9dc\ub9ac \uae08\ub9ac\uc758 \ubcc0\ub3d9\uc744 \uc644\ud654\ud558\uae30 \uc704\ud574, \ucc44\uad8c\uc758 \uac70\ub798 \ucc28\uc775\uc744 \uc774\uc6a9\ud560 \uc218 \uc788\uac8c \ub418\uc5c8\ub2e4.<\/li>\n\n\n\n
  3. \uc815\ubd80 \ub2ec\ub7ec \ub9e4\uc785 \uc911\ub2e8
    \uacbd\uc81c\ubd80\ub294 LEFI \ucc44\uad8c \ud68c\uc218 \uc774\ud6c4 \ud1b5\ud654 \uae34\uc7a5\uc774 \uac15\ud558\uac8c \ub192\uc544\uc9c0\uace0 \uc788\ub294 \uac00\uc6b4\ub370 \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00 \ubaa9\ud45c\ub97c \uc704\ud55c \ub2ec\ub7ec \ub9e4\uc785\uc744 \uc911\ub2e8\ud588\ub2e4.
    \uc911\uc559\uc740\ud589\uc758 \uc790\ub8cc\uc5d0 \ub530\ub974\uba74 \uc7ac\ubb34\uccad\uc740 \uc77c\uc0c1\uc801\uc778 \ub2ec\ub7ec \ub9e4\uc785\uc744 \uc911\ub2e8\ud588\ub2e4.
    \ub2f9\uad6d\uc758 \ub2ec\ub7ec \ub9e4\uc785\uc740 6\uc6d4 \uc911\uc21c IMF\uc640 \uc57d\uc18d\ud55c \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00 \ubaa9\ud45c\ub97c \uc704\ud574 \uc2e4\uc2dc\ud55c \uc77c\ubd80 \uc870\uce58\uc600\ub2e4.
    \uc5ec\uae30\uc5d0\ub294 \uad6d\uc81c\uc740\ud589\ub4e4\uacfc REPO (\ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c) \uac70\ub798, Bonte 2030 \ucc44\uad8c \ubc1c\ud589\uc774 \ud3ec\ud568\ub418\uc5b4 \uc788\uc5c8\ub2e4.
    \uc774 \uc635\uc158\uc740 \uacb0\uad6d \ubc30\uc81c\ub418\uc5c8\ub2e4.
    \uc911\uc559\uc740\ud589\uc758 \uc7ac\ubb34\uccad \uc678\ud654 \uacc4\uc88c \uc785\ucd9c\uae08\uc740 IMF \ud611\uc815\uc758 \uccab\ubc88\uc9f8 \uac80\ud1a0\uc5d0 \ub530\ub77c IMF\ub97c \ube44\ub86f\ud55c \uad6d\uc81c\uae30\uad6c\uc5d0 \ub300\ud55c \uc9c0\ubd88\uacfc \uad00\ub828\uc774 \uc788\ub2e4.
    \uacbd\uc81c\ud300\uc740 \ub2ec\ub7ec \ub9e4\uc785\uc774 10\uc6d4 \ub9d0\uc758 \uc120\uac70 \uc774\ud6c4\uae4c\uc9c0 \uacc4\uc18d\ub420 \uac83\uc774\ub77c\uace0 \ubc1d\ud614\ub2e4.<\/li>\n\n\n\n
  4. \ub77c \ub9ac\uc624\ud558\uc8fc \ub514\ud3f4\ud2b8 \uc5f0\uc7a5
    \ub77c \ub9ac\uc624\ud558\uc8fc\ub294 \uc624\ub298 \ub9cc\uae30\uac00 \ub418\ub294 \ucc44\ubb34\ub97c \uc0c1\ud658\ud558\uc9c0 \uc54a\uc744 \uac83\uc774\ub77c\uace0 \ud655\uc778\ud558\uba74\uc11c, 2024\ub144 2\uc6d4\ubd80\ud130\uc758 \ub514\ud3f4\ud2b8 \uc0c1\ud0dc\ub97c \uacc4\uc18d\ud588\ub2e4.
    \uc774\ubc88 \ub9cc\uae30 \ucc44\ubb34\ub294 2017\ub144 \ud48d\ub825\ubc1c\uc804\uc18c \uac74\uc124 \uc790\uae08\uc870\ub2ec\uc744 \uc704\ud574 \ubc1c\ud589\ud55c \ucc44\uad8c\uc774\ub2e4.
    2028\ub144\uc5d0 \ub9c8\uc9c0\ub9c9 \ub9cc\uae30\uac00 \ub3cc\uc544\uc624\ub294 \ucc44\uad8c \ubc1c\ud589\uc561\uc740 3\uc5b5 1840\ub9cc \ub2ec\ub7ec\uc774\uba70, \uc774\uc728\uc740 \uc5f0 8.5%\uc774\ub2e4.
    \uc8fc\uc815\ubd80\ub294 1\ub144 \ub118\uac8c \ucc44\uad8c\uc790\ub4e4\uacfc \ubd80\ucc44 \uc7ac\uc870\uc815\uc744 \ub17c\uc758\ud588\uc9c0\ub9cc, \ud569\uc758\uc5d0 \uc774\ub974\uc9c0 \ubabb\ud558\uace0\uc788\ub2e4.
    \ucc44\uad8c\uc790\ub4e4\uc740 \ub274\uc695 \ubc95\uc6d0\uc5d0 \uc18c\uc1a1\uc744 \uc81c\uae30\ud588\uace0, 2024\ub144 9\uc6d4 \ubc95\uc6d0\uc740 \uc8fc\uc815\ubd80 \ud328\uc18c \ud310\uacb0\uc744 \ub0b4\ub9ac\uba74\uc11c 4\ucc9c\ub9cc \ub2ec\ub7ec \uc190\ud574\ubc30\uc0c1\uae08\uc744 \uba85\ub839\ud588\ub2e4.
    \ub77c \ub9ac\uc624\ud558\uc8fc\ub294 \ud604\uc7ac \uc544\ub974\ud5e8\ud2f0\ub098 \uc720\uc77c\uc758 \ucc44\ubb34 \ubd88\uc774\ud589 \uc9c0\ubc29\uc774\ub2e4.<\/li>\n\n\n\n
  5. J.P \ubaa8\uac74 \uc544\ub974\ud5e8\ud2f0\ub098 \uc131\uc7a5\ub960 \ud558\ud5a5 \uc870\uc815
    J.P \ubaa8\uac74\uc740 \uc9c0\ub09c \uae08\uc694\uc77c \ubc1c\ud45c\ud55c \ubcf4\uace0\uc11c\uc5d0\uc11c 2025\ub144 \uc544\ub974\ud5e8\ud2f0\ub098 \uacbd\uc81c \uc131\uc7a5\ub960 \uc804\ub9dd\uce58\ub97c 5.3%\uc5d0\uc11c 4.7%\ub85c \ud558\ud5a5 \uc870\uc815\ud588\ub2e4.
    \ubcf4\uace0\uc11c\ub294 \uc62c\ud574 2\ubd84\uae30 \uacbd\uc81c \ub454\ud654, \uae08\ub9ac \ubcc0\ub3d9, \uc120\uac70\uc758 \ubd88\ud655\uc2e4\uc131\uc744 \uc694\uc778\uc73c\ub85c \uc9c0\uc801\ud588\ub2e4.
    \uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 2025\ub144 12\uc6d4\uae4c\uc9c0 \uc7ac\uc815\uc740 \uc804\ub144 \ub3d9\uae30 \ub300\ube44 26.8% \ud751\uc790\uc640 \uc778\ud50c\ub808\uc774\uc158 \uc644\ud654\uac00 \uc788\uc744 \uac83\uc73c\ub85c \ubcf4\uace0\uc788\ub2e4.
    \ud558\uc9c0\ub9cc \uc815\uce58\uc801 \ubd88\ud655\uc2e4\uc131\uacfc \uae08\uc735 \ubd88\uc548\uc815\uc774 \uc55e\uc73c\ub85c \uba87\ub2ec\ub3d9\uc548 \uad6d\ub0b4 \uc18c\ube44, \uc218\ucd9c, \uac70\uc2dc\uacbd\uc81c\uc5d0 \ud0c0\uaca9\uc744 \uc904 \uc218 \uc788\ub2e4\uace0 \uacbd\uace0\ud55c\ub2e4.
    \ub610 6\uc6d4\uc758 \uacbd\uc81c\ud65c\ub3d9\uc740 2024\ub144 \ub9c8\uc9c0\ub9c9 \ubd84\uae30 \ub300\ube44 0.5%\ub9cc \uc131\uc7a5\ud588\uace0, \uc791\ub144 12\uc6d4\uacfc \ube44\uad50\ud558\uba74 0.6%, 2022\ub144 \ud32c\ub370\ubbf9 \uc774\ud6c4 \ub3c4\ub2ec\ud55c \ucd5c\ub300 \uc218\uc900\ubcf4\ub2e4 0.5%\uac00 \ub0ae\ub2e4\uace0 \ud655\uc778\ud588\ub2e4.<\/li>\n\n\n\n
  6. \uc5f0\uc900\uc758 \uae08\ub9ac\uc778\ud558\uc5d0 \ub300\ud55c \uae30\ub300
    \uc720\ub7fd \uc99d\uc2dc\ub294 \ud558\ub77d\uc73c\ub85c \ud55c \uc8fc\ub97c \uc2dc\uc791\ud588\uace0, \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc758 \uc120\ubb3c\uc740 \uc9c0\ub09c \uae08\uc694\uc77c \uc0ac\uc0c1 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud55c \ud6c4, \uc644\ub9cc\ud55c \ud558\ub77d\uc744 \ubcf4\uc5ec\uc8fc\uace0\uc788\ub2e4.
    \ud30c\uc6d4 \uc5f0\uc900\uc758\uc7a5\uc740 9\uc6d4 \uae08\ub9ac\uc778\ud558 \uac00\ub2a5\uc131\uc744 \uc5b8\uae09\ud574, \uc2dc\uc7a5\uc5d0\uc11c \ub099\uad00\ub860\uc744 \ubd88\ub7ec\uc77c\uc73c\ucf30\ub2e4.
    \uc774\uc81c \ud22c\uc790\uc790\ub4e4\uc758 \uad00\uc2ec\uc740 \uc5d4\ub514\ube44\uc544\uc758 \ubd84\uae30 \uc2e4\uc801\uc5d0 \uc8fc\ubaa9\ud558\uace0 \uc788\ub2e4.
    \uc5d4\ub514\ube44\uc544 \ubd84\uae30 \uc2e4\uc801\uc740 \uc218\uc694\uc77c\uc5d0 \ubc1f\ud45c\ub41c\ub2e4.
    \ub274\uc695\uc99d\uc2dc\ub294 \uc624\ub298 \uac1c\uc7a5 \uc804\uc5d0 S&P 500 \uc120\ubb3c 0.3%, \ub2e4\uc6b0\uc874\uc2a4 \uc120\ubb3c 0.2%, \ub098\uc2a4\ub2e5 \uc120\ubb3c 0.4%\uac00 \uac01\uac01 \ud558\ub77d\ud574 \uac70\ub798 \uc911\uc774\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":9054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"_joinchat":[],"footnotes":""},"categories":[23,61],"tags":[],"class_list":["post-9053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/9053","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=9053"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/9053\/revisions"}],"predecessor-version":[{"id":9055,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/9053\/revisions\/9055"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/9054"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}