{"id":9849,"date":"2025-10-28T09:11:10","date_gmt":"2025-10-28T12:11:10","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=9849"},"modified":"2025-10-28T09:11:12","modified_gmt":"2025-10-28T12:11:12","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c10%ec%9b%94-27%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=9849","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(10\uc6d4 27\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

    \n
  1. \uc815\uce58\uc801 \ub9ac\uc2a4\ud06c \ud574\uc18c
    \uc790\uc720\uc804\uc9c4\ub2f9\uc740 \uc608\uc0c1\uacfc\ub294 \ub2ec\ub9ac 40.7% \ub4dd\ud45c\uc728\ub85c \ubeec\ub860\uc8fc\uc758\ub97c 9% \ucc28\uc774\ub85c \uc774\ucf30\ub2e4.
    \ub354\uad6c\ub098 \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4 \uc8fc\uc5d0\uc11c\ub3c4 \uc9c0\ub09c 7\uc6d4\uc758 \uacb0\uacfc\ub97c \ub4a4\uc9d1\uace0 \uc2b9\ub9ac\ud588\ub2e4.
    \uc2dc\uc7a5\uc740 \uc774 \uacb0\uacfc\ub97c \uc815\uce58\uc801 \ub9ac\uc2a4\ud06c \ud574\uc18c\ub85c \ud574\uc11d\ud588\ub2e4.
    \uc815\ubd80\uc758 \uc785\uc9c0\ub294 \uac15\ud654\ub418\uc5c8\uace0, \uc544\ub974\ud5e8\ud2f0\ub098\ub294 \uac1c\ud601\uc758 \uc2dc\ub300\uac00 \uc2dc\uc791\ub418\uc5c8\ub2e4.<\/li>\n\n\n\n
  2. \ubc00\ub808\uc774\uc758 \uc2e4\uc9c8\uc801 \uad8c\ub825 \uac15\ud654
    \uc5ec\ub2f9\uc740 \ud558\uc6d0\uc758 1\/3 \uc774\uc0c1, \uc0c1\uc6d0\uc740 \uac70\uc758 1\/3\uc744 \ud655\ubcf4\ud558\uc5ec \uc785\ubc95 \uc8fc\ub3c4\uad8c\uc744 \uac16\uac8c \ub418\uc5c8\ub2e4.
    \uc911\ub3c4 \uc9c4\uc601\uacfc \uc804\ub7b5\uc801 \ud569\uc758\ub97c \ud1b5\ud574, \uc815\ubd80\ub294 \uc758\ud68c\uc5d0\uc11c \uc774\uc804\uc5d0\ub294 \ucd94\uc9c4\ud560 \uc218 \uc5c6\uc5c8\ub358 \uc138\uc81c, \ub178\ub3d9, \uc5f0\uae08 \uac1c\ud601\uc744 \uc2dc\uc791\ud560 \uc218 \uc788\uac8c \ub418\uc5c8\ub2e4.<\/li>\n\n\n\n
  3. \uc2dc\uc7a5 \uc0c1\uc2b9 \uc900\ube44
    \uc608\uc0c1\ub418\ub294 \ubc18\uc751\uc740 \uac15\ub825\ud558\ub2e4.
    \ucc44\uad8c, \ud398\uc18c, \uc8fc\uc2dd\uc774 \uac15\uc138\ub97c \ubcf4\uc77c \uac83\uc774\ub2e4.
    \ub2ec\ub7ec \ucc44\uad8c\uc740 \uac70\uc758 30% \uc0c1\uc2b9\ud558\uace0, \uad6d\uac00\uc704\ud5d8\ub3c4\ub294 500~600bp\ub85c \ub0b4\ub824\uc62c \uc218 \uc788\ub2e4.
    \uc8fc\uc2dd\uc740 \uc740\ud589 \uc8fc\ub4e4\uc774 50% \uae09\ub4f1\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\uba70, Merval \uc9c0\uc218\ub294 \uc0ac\uc0c1 \ucd5c\uace0\uce58\ub97c \uacbd\uc2e0\ud560 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.<\/li>\n\n\n\n
  4. \ud398\uc18c \uac15\uc138\uc640 \uae08\ub9ac\uc778\ud558
    \ub2ec\ub7ec \ud658\uc728\uc740 \uc790\ubcf8 \uc720\uc785\uacfc \uc815\uce58\uc801 \uc548\uc815\uc5d0 \ud798\uc785\uc5b4 1,250~1,300 \ud398\uc18c \uc218\uc900\uc73c\ub85c \ud558\ub77d\uc774 \uc608\uc0c1\ub41c\ub2e4.
    \uc815\ubd80\ub294 \ud658\uc728 \ubc34\ub4dc \uc81c\ub3c4\ub97c \uc720\uc9c0\ud558\uc5ec \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300 \uc2ec\ub9ac\ub97c \uc5b5\uc81c\ud558\uace0 \uae08\ub9ac\ub97c 25~35%\ub85c \uc778\ud558\ud560 \uc218 \uc788\ub2e4. \ud574\uc678 \ud22c\uc790\uc790\ub4e4\uc740 \uac74\uc804\ud55c \uc7ac\uc815\uc744 \ubc14\ud0d5\uc73c\ub85c \ud398\uc18c\uc5d0 \ub300\ud55c \uce90\ub9ac \ud2b8\ub808\uc774\ub4dc\ub97c \ub2e4\uc2dc \uc8fc\ubaa9\ud560 \uac83\uc774\ub2e4.
    \uc774\ub7f0 \uc0c8\ub85c\uc6b4 \uc804\ub9dd\uc5d0 \ub530\ub77c \ub2ec\ub7ec \ucc44\uad8c\uc740 \ud22c\uc790 \ub9e4\ub825\uc774 \ub5a8\uc5b4\uc9c0\ub294 \ubc18\uba74, \ud398\uc18c \ucc44\uad8c\uc740 \uc0c1\uc2b9 \uc7a0\uc7ac\ub825\uc73c\ub85c \uc8fc\ubaa9\ubc1b\uc744 \uac83\uc774\ub2e4.
    \uad6d\ub0b4 \uc790\uae08\uc740 \ud398\uc18c \uc0c1\ud488\uc73c\ub85c \ube60\ub974\uac8c \uc804\ud658\ub418\uc5b4 \uac74\uc804\ud55c \uc218\uc775\ub960\uacfc \ud50c\ub7ec\uc2a4 \uc2e4\uc9c8\uae08\ub9ac\ub97c \ud655\uace0\ud788 \ud560\uc218\uc788\ub2e4.<\/li>\n\n\n\n
  5. \uc2dc\uc7a5 \uc811\uadfc \ubc0f \uc678\ubd80 \uc790\ubcf8
    \uc815\ubd80\ub294 \uc2e0\ub8b0\uac00 \ud68c\ubcf5\ub428\uc5d0 \ub530\ub77c \ud398\uc18c \ucc44\uad8c\uc744 \ub2e4\uc2dc \ubc1c\ud589\ud558\uace0 2026\ub144 \uad6d\uc81c\uc2dc\uc7a5 \ubcf5\uadc0\ub97c \uc900\ube44\ud560 \uc218 \uc788\ub2e4.
    \ubbf8\uad6d\uc758 \uc9c0\uc6d0\uacfc \uc7ac\uc815 \uc815\ucc45\uc740 \uad6d\uac00\uc704\ud5d8\ub3c4\ub97c 500bp \ubbf8\ub9cc\uc73c\ub85c \ub0ae\ucdb0\uc904 \uac83\uc774\ub2e4.
    \uc774\ub294 \uae08\uc735 \uc815\uc0c1\ud654\ub97c \uc758\ubbf8\ud55c\ub2e4.<\/li>\n\n\n\n
  6. \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8 \uae30\uc220 \ubc0f \ubb34\uc5ed \uc8fc\uc2dd \ucd5c\uace0\uce58 \uacbd\uc2e0
    \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc758 \uc8fc\uc694 \uc9c0\uc218\ub294 \ubbf8\uad6d\uacfc \uc911\uad6d \uac04\uc758 \ubb34\uc5ed \ud611\uc0c1 \ub099\uad00\ub860\uc5d0 \ud798\uc785\uc5b4 \uc6d4\uc694\uc77c \uc0c8\ub85c\uc6b4 \uae30\ub85d\uc744 \uc138\uc6e0\ub2e4.
    \uc774\ubc88\uc8fc\uc5d0\ub294 \uc8fc\uc694 \uae30\uc220 \uae30\uc5c5\ub4e4\uc758 \uc2e4\uc801 \ubc1c\ud45c\uc640 \uae08\ub9ac\uc778\ud558\uac00 \uc608\uc0c1\ub41c\ub2e4.
    \ub9c8\uc774\ud06c\ub85c\uc18c\ud504\ud2b8, \uc560\ud50c, \uc54c\ud30c\ubcb3, \uc544\ub9c8\uc874, \uba54\ud0c0\uc758 \uc2e4\uc801\uc740 \uc778\uacf5\uc9c0\ub2a5\uc73c\ub85c \ucd09\ubc1c\ub41c \uc0c1\uc2b9\uc758 \uacac\uace0\uc131\uc744 \ubcf4\uc5ec\uc904 \uac83\uc774\ub2e4.
    5\ub300 \uac70\ub300 \uae30\uc220 \uae30\uc5c5\uc740 1~3% \uc0c1\uc2b9\ud588\ub2e4.
    \ub2e4\uc6b0\uc874\uc2a4 0.4%, S&P 500 0.9%, \ub098\uc2a4\ub2e5 1.54%\uac00 \uac01\uac01 \uc0c1\uc2b9\ud588\ub2e4.<\/li>\n\n\n\n
  7. \ube44\ud2b8\ucf54\uc778 \uc6d4\uc694\uc77c 115,000 \ub2ec\ub7ec \ub3cc\ud30c
    \ube44\ud2b8\ucf54\uc778\uc740 \uc6d4\uc694\uc77c 115,000 \ub2ec\ub7ec\ub97c \ub3cc\ud30c\ud588\ub2e4.
    \uc774\ub294 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5 \uc804\ubc18\uc758 \uc548\uc815\uc801 \uc2ec\ub9ac\ub97c \ubc18\uc601\ud55c\ub2e4.
    \uc54c\ud2b8\ucf54\uc778 \ud2b9\ud788 \uc774\ub354\ub9ac\uc6c0\uacfc \ub9ac\ud50c\uc740 \ud22c\uc790\uc790\ub4e4\uc774 10\uc6d4\uc758 \ub450\ubc88\uc9f8 \uc8fc\uc640 \uc138\ubc88\uc9f8 \uc8fc\uc5d0 \ub192\uc740 \ubcc0\ub3d9\uc131 \uc774\ud6c4 \uc0c8\ub85c\uc6b4 \ud22c\uc790\ucc98\ub97c \ubaa8\uc0c9\ud558\uba74\uc11c \uc0c1\uc2b9\uc744 \ubcf4\uc774\uace0\uc788\ub2e4.
    \ube44\ud2b8\ucf54\uc778 \uc0c1\uc7a5\uc9c0\uc218\ud380\ub4dc\ub294 \uc9c0\ub09c\uc8fc 4\uc5b5 4600\ub9cc \ub2ec\ub7ec\uac00 \uc720\uc785\ub418\uba74\uc11c \uc804 \uc8fc\uc758 12\uc5b5 3\ucc9c\ub9cc \ub2ec\ub7ec \uc720\ucd9c \ucd94\uc138\ub97c \ubc18\uc804\uc2dc\ucf30\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":9850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-9849","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\/9849","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=9849"}],"version-history":[{"count":0,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/9849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/9850"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}