{"id":9497,"date":"2025-09-25T19:07:34","date_gmt":"2025-09-25T22:07:34","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=9497"},"modified":"2025-09-25T19:07:36","modified_gmt":"2025-09-25T22:07:36","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c09%ec%9b%94-25%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=9497","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(09\uc6d4 25\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \uc2dc\uc7a5\uc740 \ud638\uacbd\uae30
    \ubc00\ub808\uc774 \uc815\ubd80\uc5d0 \ub300\ud55c \ubbf8\uad6d \uc815\ubd80\uc758 \ud655\uace0\ud55c \uc9c0\uc9c0\ub294 \uc2dc\uc7a5\uc5d0 \uac15\ud55c \ub099\uad00\ub860\uc744 \ubd88\ub7ec\uc654\ub2e4.
    \uc911\uc559\uc740\ud589\uc5d0 \ub300\ud55c 200\uc5b5 \ub2ec\ub7ec \uc2a4\uc651 \uccb4\uacb0\uacfc \ubbf8\uad6d \uc7ac\ubb34\ubd80\uc758 \uc544\ub974\ud5e8\ud2f0\ub098 \ucc44\uad8c \ub9e4\uc785 \uac00\ub2a5\uc131\uc774 \ud655\uc778\ub418\uba74\uc11c \uc8fc\uc2dd\uacfc \ucc44\uad8c\uc740 \uae09\ub4f1\ud588\uace0, \uad6d\uac00\uc704\ud5d8\ub3c4\ub294 \uc904\uc5c8\ub2e4.
    Merval \uc9c0\uc218\ub294 \ud398\uc18c\ub85c 1.5%, \ub2ec\ub7ec\ub85c 3.3% \uc0c1\uc2b9\ud588\uace0, \uc77c\ubd80 \uc885\ubaa9\uc740 \ubb34\ub824 13% \ud3ed\ub4f1\ud588\ub2e4.
    \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc758 \uc544\ub974\ud5e8\ud2f0\ub098 \uc8fc\uc2dd\uc740 \ucd5c\ub300 14% \uc0c1\uc2b9\uc73c\ub85c \uc2dc\uc791\ud588\uc9c0\ub9cc, \uc774\ud6c4 \ud558\ub77d\ud574 5% \uc0c1\uc2b9\uc73c\ub85c \ub9c8\uac10\ud588\ub2e4.
    \ucc44\uad8c\ub3c4 \ucd5c\ub300 6.6% \uc0c1\uc2b9\ud574, \uad6d\uac00\uc704\ud5d8\ub3c4\ub294 800bp \uc120\uc5d0 \ub3c4\ub2ec\ud588\ub2e4\uac00 \uc57d 900bp\ub85c \ub05d\ub0ac\ub2e4.
    \uc774\uc640\uad00\ub828 Infobae \uc9c0\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \ubcf4\ub3c4\ud588\ub2e4.
    \uc774\ub7f0 \uc0c1\ud669\uc740 \uc5d0\ub108\uc9c0, \uc11d\uc720 \ubc0f \uac00\uc2a4, \uae08\uc735, \ub2ec\ub7ec \ucc44\uad8c, \uc218\ucd9c \uc8fc\uc2dd\uc5d0 \ub300\ud55c \uac15\ub825\ud55c \ub9e4\uc785\uc138\uc640 \ud568\uaed8 \uc0c1\uc2b9\uc774 \uacc4\uc18d\ub420 \uac83\uc774\ub2e4.
    \uc8fc\uc758\ud560 \uc810\uc740 \ubca0\uc13c\ud2b8 \ubbf8\uad6d \uc7ac\ubb34\uc7a5\uad00\uc774 \uc81c\uae30\ud55c \uc218\ucd9c \uc6d0\ucc9c\uc9d5\uc218\uc138\uac00 \ubcf5\uc6d0\ub420 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4.<\/li>\n\n\n\n
  2. \ub18d\uc5c5 \uc218\ucd9c \uc774\ubbf8 70\uc5b5 \ub2ec\ub7ec \ub3c4\ub2ec
    \uc138\uae08\uad00\uc138\uad00\ub9ac\uccad (ARCA)\uc740 \uc774\ubbf8 \uc815\ubd80\uac00 \uc124\uc815\ud55c \uace1\ubb3c \uc218\ucd9c 70\uc5b5 \ub2ec\ub7ec \uc6d0\ucc9c\uc9d5\uc218\uc138 \uc77c\uc2dc\uc801 \ud3d0\uc9c0 \ud560\ub2f9\ub7c9\uc774 \uc0ac\ud758 \ub9cc\uc5d0 \ub3c4\ub2ec\ud588\ub2e4\uace0 \ud655\uc778\ud588\ub2e4.
    \uc2dc\uc7a5\uc740 \uc5b4\uc81c \uc218\ucd9c \ubd80\ubb38 \uc8fc\uc2dd\uc5d0 \ub300\ud55c \uac15\ub825\ud55c \uc0c1\uc2b9\uc774 \uc788\uc5c8\ub2e4.
    \uc774\ub807\uac8c \ube68\ub9ac \ud560\ub2f9\ub7c9\uc5d0 \ub3c4\ub2ec\ud55c \uac83\uc740, \ubca0\uc13c\ud2b8 \ubbf8\uad6d \uc7ac\ubb34\uc7a5\uad00\uc774 \uc0dd\uc0b0\uc790\uc5d0 \ub300\ud55c \uba74\uc138 \ud61c\ud0dd\uc744 \uc885\ub8cc\ud558\ub294 \ubc29\uc548\uc744 \uc544\ub974\ud5e8\ud2f0\ub098 \uc815\ubd80\uc640 \ub17c\uc758\ud558\uace0 \uc788\ub2e4\uace0 \uc54c\ub824\uc84c\uae30 \ub54c\ubb38\uc774\ub2e4.
    \uacbd\uc81c\ud300\ub3c4 \uc774 \uc870\uce58\ub97c \ucc44\ud0dd\ud560 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.
    \ud55c\ud3b8 \uc911\uc559\uc740\ud589\uc740 \ub2ec\ub7ec \uc720\uc785\uc73c\ub85c \uc678\ud658\ubcf4\uc720\uc561\uc744 \uac15\ud654\ud558\uace0, 1\uc6d4\uc5d0 \ub3cc\uc544\uc624\ub294 \ucc44\uad8c \ub9cc\uae30\ub97c \ub300\ube44\ud55c \ud3ec\uc9c0\uc158\uc744 \uac15\ud654\ud560 \uc218 \uc788\ub2e4.<\/li>\n\n\n\n
  3. \ub3c4\ub9e4\ud658\uc728 \ud55c\ub2ec \ub9cc\uc5d0 \ucd5c\uc800\uce58\ub85c \ud558\ub77d
    \ub3c4\ub9e4\ud658\uc728\uc740 \uc5b4\uc81c 1,337.50 \ud398\uc18c\ub85c 4\uc8fc \ub9cc\uc5d0 \ucd5c\uc800\uce58\ub97c \uae30\ub85d\ud588\ub2e4.
    \uc2dc\uc7a5 \uad00\uacc4\uc790\ub4e4\uc5d0 \ub530\ub974\uba74, \uc7ac\ubb34\uccad\uc740 \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c \ub2ec\ub7ec \ub9e4\uc785\uc744 \uc7ac\uac1c\ud588\ub2e4.
    MEP \ud658\uc728\uc740 2.5% \ud558\ub77d\ud55c 1,369.47 \ud398\uc18c, CCL \ud658\uc728\uc740 1.7% \ud558\ub77d\ud55c 1,391.27 \ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4.
    \ud658\uc728\uc740 \ub450\ub2ec \ub3d9\uc548\uc758 \uac15\ud55c \ubcc0\ub3d9\uc131\uacfc \uae34\uc7a5 \ub05d\uc5d0 \uc548\uc815\uc744 \uc2dc\uc791\ud588\ub2e4.
    \uc678\ud658\ubcf4\uc720\uc561\uc740 1\uc5b5 4400\ub9cc \ub2ec\ub7ec\uac00 \uac10\uc18c\ud55c 390\uc5b5 3200\ub9cc \ub2ec\ub7ec\uac00 \ub418\uc5c8\ub294\ub370, \uc774\ub294 \ucd5c\uadfc\uc758 \uc548\uc815\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc5ec\uc804\ud788 \uc911\uc559\uc740\ud589\uc758 \ub300\ucc28\ub300\uc870\ud45c\ub294 \ucde8\uc57d\ud558\ub2e4\ub294 \uac83\uc744 \ubc18\uc601\ud558\uace0 \uc788\ub2e4.
    \uc774\uc640\uad00\ub828 El Cronista \uc9c0\ub294 \ub2e4\uc74c\uacfc \uac19\uc774 \uc9c0\uc801\ud588\ub2e4.
    \ub18d\uc5c5\uacc4\uc758 \ub192\uc740 \uc678\ud658 \ud658\uc804\uacfc \ub2ec\ub7ec \uc218\uc694 \uac10\uc18c\ub85c \uc55e\uc73c\ub85c \uba87\uc8fc\ub3d9\uc548 \ud658\uc728\uc740 \uc548\uc815\uc138\uac00 \uacc4\uc18d\ub420 \uac83\uc73c\ub85c \uc804\ub9dd\ub41c\ub2e4.<\/li>\n\n\n\n
  4. \uc911\uc559\uc740\ud589 \uae08\ub9ac\uc778\ud558
    \uc815\ubd80\ub294 \ucd5c\uadfc \uba70\uce60\ub3d9\uc548, \uc6d0\ucc9c\uc9d5\uc218\uc138 \uc77c\uc2dc\uc801 \ud3d0\uc9c0\uc640 \ubbf8\uad6d\uc758 200\uc5b5 \ub2ec\ub7ec \uc2a4\uc651\uacfc \ucc44\uad8c \ub9e4\uc785 \uac00\ub2a5\uc131\uc5d0 \ud798\uc785\uc5b4 10\uc6d4 \uc120\uac70\ub97c \uc55e\ub450\uace0 \ucc44\ubb34 \ubd88\uc774\ud589 \uc6b0\ub824\ub97c \uc885\uc2dd\uc2dc\ucf30\ub2e4.
    \ub530\ub77c\uc11c \uc911\uc559\uc740\ud589\uc740 \uc218\uc694\uc77c \uae08\ub9ac\ub97c 10% \ud558\ub77d\ud574 \uc5f0 25%\ub85c \ub0b4\ub838\ub2e4.
    \uc774\uc5d0\ub530\ub77c \ucc44\uad8c\uacfc \uac19\uc740 \ub2e8\uae30 \uc0c1\ud488\ub4e4\uc740 \uc5f0 22%\uae4c\uc9c0 \ub5a8\uc5b4\uc84c\ub2e4.
    \uc678\ud658\uc2dc\uc7a5\uc5d0\uc11c\ub3c4 \ub3c4\ub9e4\ud658\uc728\uc740 1,350 \ud398\uc18c \ubc11\uc73c\ub85c \ub0b4\ub824\uac00 \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4 \uc8fc\uc758 \uc120\uac70 \uc774\uc804\uc73c\ub85c \ub3cc\uc544\uac14\ub2e4.
    \ubd88\uacfc \uc5bc\ub9c8\uc804\uae4c\uc9c0 \uac15\ud55c \ubcc0\ub3d9\uc131\uacfc \ud658\uc728 \uc555\ub825\uc73c\ub85c \ub2e8\uae30 \uae08\ub9ac\uac00 \uc5f0 80%\uc5d0 \ub2ec\ud588\uc5c8\ub2e4.
    \uae08\ub9ac \ud558\ub77d\uacfc \uc678\ud658\ubcf4\uc720\uc561 \uac15\ud654\ub85c \uacbd\uc81c\ud300\uc740 \uc120\uac70 \ucea0\ud398\uc778\uc758 \ub9c8\uc9c0\ub9c9 \uc2dc\uae30\uc5d0 \ub354 \ud070 \uc548\uc815\uc131 \uc2dc\ub098\ub9ac\uc624\ub97c \uacf5\uace0\ud788 \ud558\ub824\ud55c\ub2e4.<\/li>\n\n\n\n
  5. 7\uc6d4, 3\uac1c\uc6d4 \uc5f0\uc18d \uacbd\uae30 \ud558\ub77d
    \uc544\ub974\ud5e8\ud2f0\ub098 \uacbd\uc81c\ud65c\ub3d9\uc740 7\uc6d4\uc5d0 \uc804\ub2ec\ubcf4\ub2e4 \ub2e4\uc18c \uc644\ud654\ud55c \ubaa8\uc2b5\uc744 \ubcf4\uc600\uc9c0\ub9cc 3\uac1c\uc6d4 \uc5f0\uc18d \ud558\ub77d\uc73c\ub85c \ub9c8\uac10\ud588\ub2e4.
    \uad6d\ub9bd\ud1b5\uacc4\uccad (INDEC)\uc774 \uc5b4\uc81c \ubc1c\ud45c\ud55c \uc6d4\uac04 \uacbd\uc81c\ud65c\ub3d9\uc9c0\uc218 (EMAE)\ub294 6\uc6d4\uc5d0 \ube44\ud574 0.1% \ud558\ub77d\ud588\ub2e4.
    \uacc4\uc808\uc870\uc815 \uacbd\uc81c\ud65c\ub3d9\uc740 \uc9c0\ub09c 3\uc6d4 \uc774\ud6c4 \ucd5c\uc800\uce58\uc600\uace0, \uc9c0\ub09c\ud574 12\uc6d4\ubcf4\ub2e4 0.9% \ub0ae\uc558\ub2e4.
    \uc804\ub144 \ub3d9\uae30 \ub300\ube44 2.9% \uc0c1\uc2b9\ud588\uc9c0\ub9cc, 2024\ub144 11\uc6d4 \uc774\ud6c4 \uac00\uc7a5 \ub0ae\uc558\ub2e4.
    \uac00\uc7a5 \uc131\uc7a5\ud55c \ubd80\ubb38\uc740 \uae08\uc735\uc5c5 23.2%\uc774\uace0, \uc11d\uc720 \ubc0f \uad11\uc5c5\ub3c4 13.4% \uc131\uc7a5\ud588\ub2e4.
    \uc55e\uc73c\ub85c \uba87\ub2ec\ub3d9\uc548 \uce68\uccb4 \uc0c1\ud0dc\uac00 \uacc4\uc18d\ub41c\ub2e4\uba74, \ud604\uc7ac 5.6%\ub85c \ucd94\uc815\ub418\uace0 \uc788\ub294 2025\ub144 \uacbd\uc81c\uc131\uc7a5\ub960\uc740 4% \uc544\ub798\ub85c \ub9c8\uac10\ud560 \uc218 \uc788\ub2e4.<\/li>\n\n\n\n
  6. \uc7ac\ubb34\uccad 5\uc870 6\ucc9c\uc5b5 \ud398\uc18c \ubc00\uae30 \uc9c1\uba74
    \ubca0\uc13c\ud2b8 \ubbf8\uad6d \uc7ac\ubb34\uc7a5\uad00\uc758 \uc9c0\uc6d0 \ubc1c\ud45c\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uc2dc\uc7a5\uc5d0 \uc989\uac01\uc801\uc73c\ub85c \uc548\uc815\uc744 \uc8fc\uc5c8\uace0, \uc815\ubd80\uac00 5\uc870 6\ucc9c\uc5b5 \ud398\uc18c \ubbfc\uae30\ub97c \uc55e\ub454 9\uc6d4 \ub9d0\uc744 \ucc28\ubd84\ud558\uac8c \uc900\ube44\ud560 \uc218 \uc788\uac8c \ub418\uc5c8\ub2e4.
    \ub07c\ub974\ub178 \uc7ac\ubb34\uccad\uc7a5\uc740 \ub0b4\uc77c \uc785\ucc30\uc5d0 \uc81c\uacf5\ub420 \ucc44\uad8c\uc744 \uc81c\uc2dc\ud588\ub2e4.
    4\uac1c\uc758 LECAP, 1\uac1c\uc758 \ub2ec\ub7ec \uc5f0\uacc4 \ucc44\uad8c\uc774\uba70, \ub0ae\uc740 \uae08\ub9ac\ub85c \uc815\uc0c1\ud654\ud558\ub294 \uc2dc\uc7a5\uc5d0\uc11c \ud22c\uc790\uc790\ub4e4\uc758 \uad00\uc2ec\uc744 \uc0ac\ub85c\uc7a1\uae30 \uc704\ud55c \uc0c1\ud488\uc774\ub2e4.
    \ub300\ubd80\ubd84 \ub9cc\uae30\uac00 2026\ub144\uc73c\ub85c \ud558\ub294 \ubc18\uba74, \uc0c8\ub85c\uc6b4 \uc810\uc740 \ub9cc\uae30\uac00 1\ub144 \uc774\uc0c1\uc778 \ucc44\uad8c\uc744 \uc81c\uc2dc\ud55c \uac83\uc774\ub2e4.
    \uc62c\ud574 \ub9cc\uae30\uac00 \ub418\ub294 LECAP \ucc44\uad8c\uc740 \ud55c\uac1c \ubfd0\uc774\ub2e4.
    \uc774\ubc88 \uc785\ucc30\uc5d0\uc11c \ucc44\uad8c \uac31\uc2e0\uc744 \uc704\ud55c \uc778\uc13c\ud2f0\ube0c\ub85c 2\ucc28 \uc2dc\uc7a5 \uac70\ub798\uc5d0\uc11c \ucd94\uac00 \uae08\ub9ac \uc81c\uacf5\uc774 \ud3ec\ud568\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/li>\n\n\n\n
  7. \uac8c\uc624\ub974\uae30\uc5d0\ubc14 IMF \ucd1d\uc7ac, \uc7ac\uc815 \uaddc\uc728 \uc720\uc9c0\uac00 \ud575\uc2ec\uc774\ub77c\uace0 \uc5b8\uae09
    IMF \ucd1d\uc7ac\ub294 \ubbf8\uad6d \uc7ac\ubb34\ubd80\uc758 200\uc5b5 \ub2ec\ub7ec \uc2a4\uc651 \ubc1c\ud45c \ud6c4, \ub274\uc695\uc5d0\uc11c \ubc00\ub808\uc774\uc640 \ub9cc\ub0a8\uc5d0\uc11c “\ud6cc\ub96d\ud588\ub2e4”\uace0 \ud3c9\uac00\ud588\ub2e4.
    \uadf8\ub140\ub294 \uc131\uc7a5\uc744 \uacf5\uace0\ud788 \ud558\uace0, \uc778\ud50c\ub808\uc774\uc158 \ud558\ub77d, \ube48\uace4 \ud558\ub77d, \ubcf5\uc9c0 \ud5a5\uc0c1\uc744 \uc9c4\uc804\uc2dc\ud0a4\uae30 \uc704\ud574 \uac1c\ud601\uc774 \ud544\uc218\uc801\uc774\ub77c\uace0 \uac15\uc870\ud588\ub2e4.
    \ub610 \ub0b4\ub824\uac00\uc57c \ud560 \uac83\uc740 \ub0b4\ub824\uac00\uc57c \ud558\uace0, \uc62c\ub77c\uac08 \uac83\uc740 \uacc4\uc18d \uc62c\ub77c\uac00\uc57c \ud55c\ub2e4\uba70, \uc7ac\uc815 \uaddc\uc728\uacfc \uac74\uc804\ud55c \ud1b5\ud654 \uc815\ucc45\uc758 \uc911\uc694\uc131\ub3c4 \ud53c\ub825\ud588\ub2e4.
    \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uacfc \ubca0\uc13c\ud2b8 \uc7ac\ubb34\uc7a5\uad00\uc758 \uc544\ub974\ud5e8\ud2f0\ub098 \uc9c0\uc9c0\uc5d0 \ub300\ud55c \uc9c8\ubb38\uc5d0\uc11c, \uacbd\uc81c\uac00 \uae09\uaca9\ud788 \uc870\uc815\ub418\ub294 \uc0c1\ud669\uc5d0\uc11c \uc9c0\uc9c0\ub294 \ub9e4\uc6b0 \uc911\uc694\ud558\ub2e4\uace0 \ubc1c\uc5b8\ud588\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":9498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-9497","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\/9497","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=9497"}],"version-history":[{"count":0,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/9497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/9498"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}