{"id":12457,"date":"2025-09-02T10:24:03","date_gmt":"2025-09-02T07:24:03","guid":{"rendered":"https:\/\/otetmarkets.net\/blog\/?p=12457"},"modified":"2025-09-23T11:31:50","modified_gmt":"2025-09-23T08:31:50","slug":"september-2025-global-economy-outlook","status":"publish","type":"post","link":"https:\/\/otetmarkets.net\/blog\/otet-view\/september-2025-global-economy-outlook\/","title":{"rendered":"\u0645\u0627 \u064a\u062c\u0628 \u0645\u0631\u0627\u0642\u0628\u062a\u0647 \u0641\u064a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0639\u0627\u0644\u0645\u064a: \u0633\u0628\u062a\u0645\u0628\u0631 2025"},"content":{"rendered":"\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-\u0645\u0631\u0627\u062c\u0639\u0629-\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f-\u0627\u0644\u0639\u0627\u0644\u0645\u064a-\u0623\u063a\u0633\u0637\u0633-2025\" data-level=\"2\">\u0645\u0631\u0627\u062c\u0639\u0629 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href=\"#h-\u0627\u0644\u0642\u0637\u0627\u0639-\u0627\u0644\u062e\u0627\u0631\u062c\u064a\" data-level=\"3\">\u0627\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u062e\u0627\u0631\u062c\u064a<\/a><\/li><li><a href=\"#h-\u062a\u0623\u062b\u064a\u0631\u0627\u062a-\u0627\u0644\u0633\u0648\u0642-0\" data-level=\"3\">\u062a\u0623\u062b\u064a\u0631\u0627\u062a \u0627\u0644\u0633\u0648\u0642<\/a><\/li><li><a href=\"#h-\u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a-\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629-\u0641\u064a-\u0633\u0628\u062a\u0645\u0628\u0631\" data-level=\"3\">\u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0641\u064a \u0633\u0628\u062a\u0645\u0628\u0631<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n<p><br><\/p>\n\n\n\n<p class=\"wp-block-yoast-seo-estimated-reading-time yoast-reading-time__wrapper\"><span class=\"yoast-reading-time__icon\"><svg aria-hidden=\"true\" focusable=\"false\" data-icon=\"clock\" width=\"20\" 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\u0633\u062a\u0639\u062a\u0645\u062f \u0642\u0631\u0627\u0631\u0627\u062a\u0647\u0645 \u0639\u0644\u0649 \u0645\u062c\u0645\u0648\u0639\u0629 \u0643\u062b\u064a\u0641\u0629 \u0645\u0646 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0648\u0627\u0631\u062f\u0629\u060c \u0628\u0645\u0627 \u0641\u064a \u0630\u0644\u0643 \u062a\u0642\u0631\u064a\u0631 \u0627\u0644\u0648\u0638\u0627\u0626\u0641 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a (5 \u0633\u0628\u062a\u0645\u0628\u0631)\u060c \u0645\u0624\u0634\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643 (11 \u0633\u0628\u062a\u0645\u0628\u0631)\u060c \u0645\u0624\u0634\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 (2 \u0633\u0628\u062a\u0645\u0628\u0631)\u060c \u0648\u0627\u0644\u062a\u0636\u062e\u0645 \u0641\u064a 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class=\"custom-text-align-justify\">\u0641\u064a \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629\u060c \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0646 \u064a\u062d\u0627\u0641\u0638 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0639\u0644\u0649 \u0644\u0647\u062c\u0629 \u062d\u0630\u0631\u0629 \u0628\u0634\u0623\u0646 \u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629\u060c \u0645\u0639 \u0645\u062a\u0627\u0628\u0639\u0629 \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644 \u0648\u0627\u0644\u062a\u0636\u062e\u0645 \u0639\u0646 \u0643\u062b\u0628. \u0642\u062f \u062a\u062f\u0641\u0639 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0623\u0636\u0639\u0641 \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0644\u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0648\u062a\u0636\u0639\u0641 \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u060c \u0628\u064a\u0646\u0645\u0627 \u0642\u062f \u062a\u0624\u062f\u064a \u0645\u0641\u0627\u062c\u0622\u062a \u0627\u0644\u062a\u0636\u062e\u0645 \u0625\u0644\u0649 \u062a\u062d\u0648\u0644 \u0645\u062a\u0634\u062f\u062f. \u0641\u064a \u0623\u0648\u0631\u0648\u0628\u0627\u060c \u0642\u062f \u064a\u062f\u0639\u0645 \u0627\u0644\u0646\u0628\u0631\u0629 \u0627\u0644\u0645\u062a\u0634\u062f\u062f\u0629 \u0642\u0644\u064a\u0644\u0627\u064b \u0644\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0627\u0644\u064a\u0648\u0631\u0648 \u0648\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a\u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u0638\u0644 \u0628\u0646\u0643 \u0625\u0646\u062c\u0644\u062a\u0631\u0627 \u062d\u0633\u0627\u0633\u064b\u0627 \u0644\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0628\u0639\u062f \u062e\u0641\u0636 \u0623\u063a\u0633\u0637\u0633. \u0641\u064a \u0627\u0644\u064a\u0627\u0628\u0627\u0646\u060c \u062d\u062a\u0649 \u0627\u0644\u062a\u062d\u0648\u0644\u0627\u062a \u0627\u0644\u0637\u0641\u064a\u0641\u0629 \u0641\u064a \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0642\u062f \u062a\u062b\u064a\u0631 \u0631\u062f\u0648\u062f \u0641\u0639\u0644 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629\u060c \u062e\u0627\u0635\u0629 \u062d\u0648\u0644 \u0627\u0644\u062a\u062d\u0643\u0645 \u0628\u0645\u0646\u062d\u0646\u0649 \u0627\u0644\u0639\u0627\u0626\u062f.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0633\u062a\u0643\u0648\u0646 \u0623\u062d\u062f\u062b \u0627\u0644\u0625\u0634\u0627\u0631\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0645\u0646 \u0627\u0644\u0635\u064a\u0646\u060c \u0648\u062e\u0627\u0635\u0629 \u0645\u0624\u0634\u0631\u0627\u062a \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a 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2025<\/strong><\/h2>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u062a\u0645\u064a\u0651\u0632 \u0623\u063a\u0633\u0637\u0633 \u0628\u062a\u062c\u062f\u062f \u0627\u0644\u062a\u0641\u0627\u0624\u0644 \u0641\u064a \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629\u060c \u0645\u0639 \u0648\u0635\u0648\u0644 \u0627\u0644\u0623\u0633\u0647\u0645 \u0625\u0644\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0642\u064a\u0627\u0633\u064a\u0629 \u0648\u0636\u0639\u0641 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0645\u0639 \u062a\u062d\u0648\u0644 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0646\u062d\u0648 \u0627\u062d\u062a\u0645\u0627\u0644 \u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0641\u064a \u0633\u0628\u062a\u0645\u0628\u0631. \u0633\u0627\u0647\u0645 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\u0627\u0633\u062a\u0645\u0631 \u0627\u0644\u062a\u0636\u062e\u0645 \u0641\u064a \u0627\u0644\u062a\u0628\u0627\u0637\u0624: \u0627\u0631\u062a\u0641\u0639 \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0648\u0641\u0642 \u0645\u0624\u0634\u0631 \u0646\u0641\u0642\u0627\u062a \u0627\u0644\u0627\u0633\u062a\u0647\u0644\u0627\u0643 \u0627\u0644\u0634\u062e\u0635\u064a (PCE) \u0628\u0646\u0633\u0628\u0629 0.3% \u0634\u0647\u0631\u064a\u064b\u0627\u060c \u0648\u0628\u0646\u0633\u0628\u0629 2.9% \u0633\u0646\u0648\u064a\u064b\u0627. \u0631\u063a\u0645 \u0627\u0644\u0625\u0646\u0641\u0627\u0642 \u0627\u0644\u0642\u0648\u064a\u060c \u062a\u0631\u0627\u062c\u0639 \u062b\u0642\u0629 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 \u0641\u064a \u0643\u0644 \u0645\u0646 \u0627\u0633\u062a\u0637\u0644\u0627\u0639\u0627\u062a \u0645\u062c\u0644\u0633 \u0627\u0644\u0645\u0624\u062a\u0645\u0631\u0627\u062a \u0648\u062c\u0627\u0645\u0639\u0629 \u0645\u064a\u0634\u064a\u063a\u0627\u0646\u060c \u0645\u0627 \u064a\u0639\u0643\u0633 \u062a\u0632\u0627\u064a\u062f \u0627\u0644\u0645\u062e\u0627\u0648\u0641 \u0628\u0634\u0623\u0646 \u0641\u0631\u0635 \u0627\u0644\u0639\u0645\u0644 \u0648\u0636\u063a\u0648\u0637 \u0627\u0644\u0623\u0633\u0639\u0627\u0631.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0623\u0634\u0627\u0631\u062a \u0645\u0624\u0634\u0631\u0627\u062a \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644 \u0625\u0644\u0649 \u0636\u0639\u0641. \u0623\u0636\u0627\u0641\u062a \u0648\u0638\u0627\u0626\u0641 \u0627\u0644\u0642\u0637\u0627\u0639 \u063a\u064a\u0631 \u0627\u0644\u0632\u0631\u0627\u0639\u064a \u0641\u064a \u064a\u0648\u0644\u064a\u0648 73,000 \u0648\u0638\u064a\u0641\u0629 \u0641\u0642\u0637 \u2014 \u0623\u0642\u0644 \u0628\u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0623\u0634\u0647\u0631 \u0627\u0644\u0633\u0627\u0628\u0642\u0629 \u2014 \u0628\u064a\u0646\u0645\u0627 \u0627\u0631\u062a\u0641\u0639 \u0645\u0639\u062f\u0644 \u0627\u0644\u0628\u0637\u0627\u0644\u0629 \u0625\u0644\u0649 4.2%. \u0647\u0630\u0627 \u0627\u0644\u062a\u0628\u0627\u0637\u0624 \u0641\u064a \u0627\u0644\u062a\u0648\u0638\u064a\u0641 \u0639\u0632\u0632 \u0627\u0644\u062d\u0627\u062c\u0629 \u0625\u0644\u0649 \u0645\u0648\u0642\u0641 \u0623\u0643\u062b\u0631 \u062d\u0630\u0631\u064b\u0627 \u0645\u0646 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a. \u0643\u0627\u0646\u062a \u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u062a\u0635\u0646\u064a\u0639 \u0645\u062e\u062a\u0644\u0637\u0629\u060c \u0645\u0639 \u0627\u0646\u062e\u0641\u0627\u0636 \u0641\u064a \u0637\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0644\u0639 \u0627\u0644\u0645\u0639\u0645\u0631\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\u060c \u0644\u0643\u0646\u0647\u0627 \u0623\u0638\u0647\u0631\u062a \u0642\u0648\u0629 \u0641\u064a \u0627\u0644\u0633\u0644\u0639 \u0627\u0644\u0631\u0623\u0633\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629\u060c \u0645\u0645\u0627 \u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0627\u0633\u062a\u0642\u0631\u0627\u0631 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u062a\u062c\u0627\u0631\u064a. \u0638\u0644 \u0633\u0648\u0642 \u0627\u0644\u0625\u0633\u0643\u0627\u0646 \u062b\u0627\u0628\u062a\u064b\u0627\u060c \u0645\u062f\u0639\u0648\u0645\u064b\u0627 \u0628\u0627\u0644\u0639\u0631\u0636 \u0627\u0644\u0645\u062d\u062f\u0648\u062f\u060c \u0631\u063a\u0645 \u062a\u0631\u0627\u062c\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0646\u0627\u0632\u0644 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0642\u0644\u064a\u0644\u0627\u064b.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0641\u064a \u0648\u0648\u0644 \u0633\u062a\u0631\u064a\u062a\u060c \u0633\u062c\u0644 \u0645\u0624\u0634\u0631 S&amp;P 500 \u0648\u062f\u0627\u0648 \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0642\u064a\u0627\u0633\u064a\u0629 \u0641\u064a 28 \u0623\u063a\u0633\u0637\u0633 \u0642\u0628\u0644 \u062a\u0631\u0627\u062c\u0639 \u064a\u0642\u0648\u062f\u0647 \u0642\u0637\u0627\u0639 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627. \u0623\u0646\u0647\u0649 \u0645\u0624\u0634\u0631 S&amp;P 500 \u0628\u0627\u0631\u062a\u0641\u0627\u0639 1.9%\u060c \u0648\u0627\u0631\u062a\u0641\u0639 \u062f\u0627\u0648 \u0628\u0646\u0633\u0628\u0629 3.2%\u060c \u0648\u0627\u0631\u062a\u0641\u0639 \u0646\u0627\u0633\u062f\u0627\u0643 \u0628\u0646\u0633\u0628\u0629 1.6%. \u0643\u0627\u0646 \u0647\u0646\u0627\u0643 \u0645\u0634\u0627\u0631\u0643\u0629 \u0623\u0648\u0633\u0639\u060c \u062d\u064a\u062b \u0627\u0631\u062a\u0641\u0639 \u0645\u0624\u0634\u0631 S&amp;P 500 \u0645\u062a\u0633\u0627\u0648\u064a \u0627\u0644\u0648\u0632\u0646 \u0628\u0646\u0633\u0628\u0629 2.7% \u0644\u0644\u0634\u0647\u0631 \u0627\u0644\u0631\u0627\u0628\u0639 \u0639\u0644\u0649 \u0627\u0644\u062a\u0648\u0627\u0644\u064a. \u062a\u0631\u0627\u062c\u0639\u062a \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0628\u0634\u0643\u0644 \u062d\u0627\u062f \u2014 \u062d\u064a\u062b \u0648\u0635\u0644 \u0645\u0624\u0634\u0631 VIX \u0625\u0644\u0649 \u0623\u062f\u0646\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a\u0647 \u0645\u0646\u0630 \u0633\u0646\u0648\u0627\u062a \u2014 \u0645\u0627 \u064a\u0639\u0643\u0633 \u062b\u0642\u0629 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0641\u064a \u0633\u064a\u0646\u0627\u0631\u064a\u0648 \u0627\u0644\u0647\u0628\u0648\u0637 \u0627\u0644\u0646\u0627\u0639\u0645 \u0648\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0627\u0644\u0645\u062a\u0633\u0627\u0647\u0644\u0629.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u062f\u0639\u0645\u062a \u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u062a\u0636\u062e\u0645 \u0647\u062f\u0648\u0621 \u0627\u0644\u0633\u0648\u0642. \u062c\u0627\u0621 \u0645\u0624\u0634\u0631 PCE \u0644\u0634\u0647\u0631 \u064a\u0648\u0644\u064a\u0648 \u0639\u0646\u062f 2.6%\u060c \u0645\u0639 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629 \u0639\u0646\u062f 2.9%\u060c \u0645\u062a\u0648\u0627\u0641\u0642\u0629 \u0645\u0639 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a. \u0623\u0634\u0627\u0631 \u062e\u0637\u0627\u0628 \u0628\u0627\u0648\u0644 \u0641\u064a \u062c\u0627\u0643\u0633\u0648\u0646 \u0647\u0648\u0644 \u0641\u064a 22 \u0623\u063a\u0633\u0637\u0633 \u0625\u0644\u0649 \u0646\u0647\u062c \u0635\u0628\u0648\u0631 \u0644\u0644\u0633\u064a\u0627\u0633\u0629\u060c \u0645\u0645\u0627 \u0639\u0632\u0632 \u062a\u0648\u0642\u0639\u0627\u062a \u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0641\u064a \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a\u060c \u0641\u0642\u062f \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0628\u0639\u0636 \u0642\u064a\u0645\u062a\u0647. \u0627\u0646\u062e\u0641\u0636 \u0645\u0624\u0634\u0631 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 DXY \u0628\u0646\u062d\u0648 2% \u0625\u0644\u0649 97.8\u060c \u0648\u0627\u0646\u062e\u0641\u0636 \u0645\u0624\u0634\u0631 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 WSJ \u0628\u0646\u0633\u0628\u0629 1.74%. \u0633\u062c\u0644 \u0627\u0644\u062c\u0646\u064a\u0647 \u0627\u0644\u0625\u0633\u062a\u0631\u0644\u064a\u0646\u064a \u0648\u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0627\u0644\u0623\u062e\u0631\u0649 \u0645\u0643\u0627\u0633\u0628 \u0645\u0639 \u062a\u063a\u064a\u0631 \u0641\u0631\u0648\u0642 \u0627\u0644\u0641\u0627\u0626\u062f\u0629.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0627\u0633\u062a\u062c\u0627\u0628\u062a \u0627\u0644\u0639\u0648\u0627\u0626\u062f \u0648\u0641\u0642\u064b\u0627 \u0644\u0630\u0644\u0643. \u0627\u0646\u062e\u0641\u0636 \u0639\u0627\u0626\u062f \u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062e\u0632\u0627\u0646\u0629 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0644\u0645\u062f\u0629 \u0639\u0627\u0645\u064a\u0646 \u0625\u0644\u0649 3.59%\u060c \u0628\u064a\u0646\u0645\u0627 \u0628\u0642\u064a \u0639\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0644\u0639\u0634\u0631 \u0633\u0646\u0648\u0627\u062a \u0639\u0646\u062f \u062d\u0648\u0627\u0644\u064a 4.22%\u060c \u0645\u0639 \u0645\u0646\u062d\u0646\u0649 \u0645\u0646\u062d\u0646\u064a \u064a\u062a\u0633\u0639 \u0628\u0634\u0643\u0644 \u0645\u0639\u062a\u062f\u0644\u060c \u0645\u0645\u0627 \u0639\u0632\u0632 \u0627\u0644\u062b\u0642\u0629 \u0641\u064a \u0647\u0628\u0648\u0637 \u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0646\u0627\u0639\u0645 \u0645\u0639 \u062f\u062e\u0648\u0644 \u0641\u0635\u0644 \u0627\u0644\u062e\u0631\u064a\u0641.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u062a\u0648\u0642\u0639\u0627\u062a-\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f-\u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a-\u0633\u0628\u062a\u0645\u0628\u0631-2025\">\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a \u2014 \u0633\u0628\u062a\u0645\u0628\u0631 2025<\/h2>\n\n\n\n<p><span class=\"custom-text-align-justify\">&nbsp;\u062a\u062a\u062c\u0647 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0641\u064a \u0633\u0628\u062a\u0645\u0628\u0631 \u0646\u062d\u0648 \u0627\u062c\u062a\u0645\u0627\u0639 \u0644\u062c\u0646\u0629 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u0641\u062a\u0648\u062d\u0629 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a\u0629 \u0641\u064a 17 \u0633\u0628\u062a\u0645\u0628\u0631\u060c \u062d\u064a\u062b \u064a\u064f\u062a\u0648\u0642\u0639 \u0639\u0644\u0649 \u0646\u0637\u0627\u0642 \u0648\u0627\u0633\u0639 \u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0628\u0645\u0642\u062f\u0627\u0631 25 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633. \u0645\u0639 \u062a\u0633\u0639\u064a\u0631 \u062d\u0648\u0627\u0644\u064a 90% \u0645\u0646 \u0627\u0644\u0627\u062d\u062a\u0645\u0627\u0644\u064a\u0629 (\u0648\u0641\u0642 CME FedWatch)\u060c \u064a\u0631\u0643\u0632 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0623\u0642\u0644 \u0639\u0644\u0649 \u0627\u0644\u062e\u0641\u0636 \u0646\u0641\u0633\u0647 \u0648\u0623\u0643\u062b\u0631 \u0639\u0644\u0649 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629\u060c \u0648\u062e\u0627\u0631\u0637\u0629 \u0627\u0644\u0646\u0642\u0627\u0637\u060c \u0648\u0631\u0633\u0627\u0626\u0644 \u0628\u0627\u0648\u0644. \u0623\u0638\u0647\u0631\u062a \u0627\u0644\u0639\u0644\u0627\u0645\u0627\u062a \u0627\u0644\u0623\u062e\u064a\u0631\u0629 \u2014 \u062a\u0628\u0627\u0637\u0624 \u0646\u0645\u0648 \u0627\u0644\u0648\u0638\u0627\u0626\u0641 (\u0627\u0644\u0648\u0638\u0627\u0626\u0641 \u063a\u064a\u0631 \u0627\u0644\u0632\u0631\u0627\u0639\u064a\u0629 \u0641\u064a \u064a\u0648\u0644\u064a\u0648: +73 \u0623\u0644\u0641) \u0648\u062a\u0636\u062e\u0645 \u0623\u0633\u0627\u0633\u064a 2.9% \u0648\u0641\u0642 PCE \u2014 \u062a\u0645\u0647\u064a\u062f\u064b\u0627 \u0644\u062a\u0633\u0647\u064a\u0644 \u0627\u0644\u0633\u064a\u0627\u0633\u0629\u060c \u0644\u0643\u0646 \u0623\u064a \u0646\u0628\u0631\u0629 \u0645\u062a\u0634\u062f\u062f\u0629 \u0645\u0646 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0642\u062f \u062a\u0642\u0644\u0644 \u0645\u0646 \u0627\u0644\u062a\u0641\u0627\u0624\u0644 \u0627\u0644\u0645\u062a\u0633\u0627\u0647\u0644 \u0644\u0644\u0623\u0633\u0648\u0627\u0642.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0644\u0627 \u062a\u0632\u0627\u0644 \u0627\u0644\u0635\u0648\u0631\u0629 \u0627\u0644\u0643\u0644\u064a\u0629 \u0645\u062e\u062a\u0644\u0637\u0629. \u0627\u0633\u062a\u0645\u0631 \u0632\u062e\u0645 \u0627\u0644\u0646\u0645\u0648 \u062e\u0644\u0627\u0644 \u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u062b\u0627\u0646\u064a \u0645\u0639 \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a 3.3% (SAAR)\u060c \u0644\u0643\u0646 \u0645\u0639\u0638\u0645 \u0647\u0630\u0647 \u0627\u0644\u0642\u0648\u0629 \u062c\u0627\u0621\u062a \u0645\u0646 \u0627\u0644\u062f\u064a\u0646\u0627\u0645\u064a\u0643\u064a\u0627\u062a \u0627\u0644\u0645\u0624\u0627\u062a\u064a\u0629 \u0644\u0644\u0648\u0627\u0631\u062f\u0627\u062a\/\u0627\u0644\u062a\u0639\u0631\u064a\u0641\u0627\u062a \u0627\u0644\u062a\u064a \u0642\u062f \u062a\u062a\u0644\u0627\u0634\u0649 \u0641\u064a \u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u062b\u0627\u0644\u062b. \u064a\u0638\u0644 \u0627\u0644\u062a\u0635\u0646\u064a\u0639 \u0641\u064a \u0627\u0644\u0627\u0646\u0643\u0645\u0627\u0634 (ISM: 48)\u060c \u0648\u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0628\u0627\u0644\u0643\u0627\u062f \u062a\u0646\u0645\u0648 (ISM: 50.1). \u0633\u062a\u0643\u0648\u0646 \u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0648\u0638\u0627\u0626\u0641 \u0648\u0627\u0644\u062a\u0636\u062e\u0645 \u0641\u064a \u0623\u0648\u0627\u0626\u0644 \u0633\u0628\u062a\u0645\u0628\u0631 \u062d\u0627\u0633\u0645\u0629 \u0644\u062a\u0623\u0643\u064a\u062f \u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a. \u062a\u0624\u064a\u062f \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0636\u0639\u064a\u0641\u0629 (NFP \u0623\u0642\u0644 \u0645\u0646 100 \u0623\u0644\u0641\u060c CPI \u0627\u0644\u0623\u0633\u0627\u0633\u064a +0.2%) \u0645\u0632\u064a\u062f\u064b\u0627 \u0645\u0646 \u0627\u0644\u062a\u064a\u0633\u064a\u0631. \u0628\u064a\u0646\u0645\u0627 \u0642\u062f \u062a\u0639\u0631\u0642\u0644 \u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0639\u0645\u0644 \u0623\u0648 \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0645\u0631\u062a\u0641\u0639\u0629 \u0647\u0630\u0627 \u0627\u0644\u0645\u0633\u0627\u0631.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0627\u0631\u062a\u0641\u0639\u062a \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u062e\u0644\u0627\u0644 \u0623\u063a\u0633\u0637\u0633 \u0645\u0639 \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a\u060c \u0644\u0643\u0646 \u0627\u0644\u062d\u0630\u0631 \u0627\u0644\u0645\u0648\u0633\u0645\u064a \u0644\u0627 \u064a\u0632\u0627\u0644 \u0642\u0627\u0626\u0645\u064b\u0627 \u0644\u0644\u0623\u0633\u0647\u0645. \u0627\u0644\u062a\u0642\u0644\u0628 \u0645\u0646\u062e\u0641\u0636\u060c \u0644\u0643\u0646 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u062a\u062a\u0632\u0627\u064a\u062f. \u0642\u062f \u064a\u0624\u062f\u064a \u062a\u0645\u0631\u064a\u0631 \u0627\u0644\u062a\u0639\u0631\u064a\u0641\u0627\u062a \u0627\u0644\u062c\u0645\u0631\u0643\u064a\u0629\u060c \u0648\u0636\u0639\u0641 \u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u060c \u0648\u062a\u0642\u0644\u0628\u0627\u062a \u0645\u0641\u0627\u062c\u0626\u0629 \u0641\u064a \u0627\u0644\u0638\u0631\u0648\u0641 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0625\u0644\u0649 \u062a\u0636\u064a\u064a\u0642 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a\u060c \u0628\u063a\u0636 \u0627\u0644\u0646\u0638\u0631 \u0639\u0646 \u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0645\u062a\u0648\u0627\u0636\u0639.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-\u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a-\u0648\u0627\u0644\u0623\u062d\u062f\u0627\u062b-\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629-\u0644\u0645\u0631\u0627\u0642\u0628\u062a\u0647\u0627-\u0647\u0630\u0627-\u0627\u0644\u0634\u0647\u0631-\u062a\u0634\u0645\u0644\"><strong>\u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0648\u0627\u0644\u0623\u062d\u062f\u0627\u062b \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0644\u0645\u0631\u0627\u0642\u0628\u062a\u0647\u0627 \u0647\u0630\u0627 \u0627\u0644\u0634\u0647\u0631 \u062a\u0634\u0645\u0644:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0648\u0638\u0627\u0626\u0641 (2\u20135 \u0633\u0628\u062a\u0645\u0628\u0631): \u0648\u0638\u0627\u0626\u0641 \u0636\u0639\u064a\u0641\u0629 \u0648\u0623\u062c\u0648\u0631 \u0623\u0636\u0639\u0641 \u0633\u062a\u062f\u0639\u0645 \u062a\u0648\u0642\u0639\u0627\u062a \u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629.<\/li>\n\n\n\n<li>\u0646\u0642\u0637\u0629 \u062a\u0641\u062a\u064a\u0634 \u0627\u0644\u062a\u0636\u062e\u0645 (10\u201311 \u0633\u0628\u062a\u0645\u0628\u0631): \u0628\u064a\u0627\u0646\u0627\u062a CPI \u0648PPI \u0633\u062a\u0643\u0648\u0646 \u062d\u0627\u0633\u0645\u0629. \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0642\u0648\u064a \u0641\u064a \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0642\u062f \u064a\u0639\u0642\u062f \u0627\u0644\u062a\u064a\u0633\u064a\u0631.<\/li>\n\n\n\n<li>\u0627\u062c\u062a\u0645\u0627\u0639 FOMC\u0627&nbsp; (17 \u0633\u0628\u062a\u0645\u0628\u0631): \u062e\u0641\u0636 25 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633 \u0645\u0639 \u062a\u0648\u0642\u0639 &#8220;\u064a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a&#8221;\u061b \u0627\u0644\u0646\u0628\u0631\u0629 \u0648\u062e\u0627\u0631\u0637\u0629 \u0627\u0644\u0646\u0642\u0627\u0637 \u0623\u0647\u0645 \u0645\u0646 \u0627\u0644\u062e\u0641\u0636 \u0646\u0641\u0633\u0647.<br>\u0645\u062a\u0627\u0628\u0639\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u062d\u0642\u064a\u0642\u064a (22\u201326 \u0633\u0628\u062a\u0645\u0628\u0631): \u0627\u0644\u0625\u0633\u0643\u0627\u0646\u060c \u0648\u0627\u0644\u0646\u0641\u0642\u0627\u062a \u0627\u0644\u0631\u0623\u0633\u0645\u0627\u0644\u064a\u0629\u060c \u0648\u0645\u0643\u0648\u0646\u0627\u062a \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0633\u062a\u0639\u0637\u064a \u0642\u0631\u0627\u0621\u0629 \u0639\u0644\u0649 \u0642\u0648\u0629 \u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u062b\u0627\u0644\u062b.<\/li>\n\n\n\n<li>\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u062b\u0642\u0629 (29\u201330 \u0633\u0628\u062a\u0645\u0628\u0631): \u062b\u0642\u0629 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 \u0648\u0645\u0628\u064a\u0639\u0627\u062a \u0627\u0644\u0645\u0646\u0627\u0632\u0644 \u0627\u0644\u0645\u0639\u0644\u0642\u0629 \u0633\u062a\u0633\u0627\u0639\u062f \u0639\u0644\u0649 \u062a\u0642\u064a\u064a\u0645 \u0627\u0644\u0637\u0644\u0628 \u0645\u0639 \u062f\u062e\u0648\u0644 \u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u0631\u0627\u0628\u0639.<br><\/li>\n<\/ul>\n\n\n\n<p>\u064a\u0628\u0642\u0649 \u0627\u0644\u0633\u064a\u0646\u0627\u0631\u064a\u0648 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0645\u0633\u0627\u0631 \u0627\u0644\u0647\u0628\u0648\u0637 \u0627\u0644\u0646\u0627\u0639\u0645\u060c \u0644\u0643\u0646 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u062a\u0628\u062d\u062b \u0639\u0646 \u0623\u064a \u0645\u0641\u0627\u062c\u0622\u062a \u0641\u064a \u0627\u0644\u062a\u0636\u062e\u0645 \u0623\u0648 \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644 \u0642\u062f \u062a\u063a\u064a\u0651\u0631 \u0645\u0633\u0627\u0631 \u0627\u0644\u062a\u064a\u0633\u064a\u0631 \u0644\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a-\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629-\u0644\u0644\u0645\u0645\u0644\u0643\u0629-\u0627\u0644\u0645\u062a\u062d\u062f\u0629-\u0633\u0628\u062a\u0645\u0628\u0631-2025\"><strong>\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0644\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u2014 \u0633\u0628\u062a\u0645\u0628\u0631 2025<\/strong><\/h2>\n\n\n\n<p><span class=\"custom-text-align-justify\">&nbsp;\u062a\u062f\u062e\u0644 \u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0633\u0628\u062a\u0645\u0628\u0631 \u0641\u064a \u062d\u0627\u0644\u0629 \u0645\u0646 \u0627\u0644\u062a\u0641\u0627\u0624\u0644 \u0627\u0644\u062d\u0630\u0631\u060c \u0645\u0639 \u0627\u0644\u062a\u0646\u0642\u0644 \u0639\u0628\u0631 \u0645\u0632\u064a\u062c \u0645\u0639\u0642\u062f \u0645\u0646 \u062a\u0631\u0627\u062c\u0639 \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u0649 \u0627\u0644\u0639\u0645\u0627\u0644\u0629\u060c \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u060c \u0648\u0625\u0634\u0627\u0631\u0627\u062a \u0645\u0628\u0643\u0631\u0629 \u0639\u0644\u0649 \u0627\u0633\u062a\u0642\u0631\u0627\u0631 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f. \u062e\u0641\u0636 \u0628\u0646\u0643 \u0625\u0646\u062c\u0644\u062a\u0631\u0627 \u0644\u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0628\u0645\u0642\u062f\u0627\u0631 25 \u0646\u0642\u0637\u0629 \u0623\u0633\u0627\u0633 \u0641\u064a \u0623\u063a\u0633\u0637\u0633 \u2014 \u0648\u0647\u0648 \u0627\u0644\u0623\u0648\u0644 \u0645\u0646\u0630 \u0628\u062f\u0621 \u062f\u0648\u0631\u0629 \u0627\u0644\u062a\u0634\u062f\u064a\u062f \u0627\u0644\u062d\u0627\u0644\u064a\u0629 \u2014 \u062e\u0641\u0636 \u0633\u0639\u0631 \u0627\u0644\u0628\u0646\u0643 \u0625\u0644\u0649 4.0%\u060c \u0645\u0634\u064a\u0631\u0627\u064b \u0625\u0644\u0649 \u0628\u062f\u0621 \u0645\u0633\u0627\u0631 \u062a\u062e\u0641\u064a\u0641 \u0645\u062d\u062a\u0645\u0644\u060c \u0648\u0625\u0646 \u0643\u0627\u0646 \u062a\u062f\u0631\u064a\u062c\u064a\u0627\u064b. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u062a\u0645 \u062a\u0645\u0631\u064a\u0631 \u0647\u0630\u0647 \u0627\u0644\u062e\u0637\u0648\u0629 \u0628\u0635\u0639\u0648\u0628\u0629 (\u062a\u0635\u0648\u064a\u062a 5\u20134)\u060c \u0645\u0645\u0627 \u064a\u0639\u0643\u0633 \u0627\u0644\u062d\u0630\u0631 \u0627\u0644\u0639\u0645\u064a\u0642 \u0628\u064a\u0646 \u0635\u0627\u0646\u0639\u064a \u0627\u0644\u0633\u064a\u0627\u0633\u0627\u062a \u0641\u064a \u0638\u0644 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 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\u0641\u064a \u0627\u0644\u062a\u0636\u062e\u0645\u060c \u0645\u0639 \u0646\u0645\u0648 \u0627\u0644\u0623\u062c\u0648\u0631 \u0627\u0644\u0642\u0648\u064a \u0646\u0633\u0628\u064a\u0627\u064b (\u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0623\u062c\u0648\u0631 \u0627\u0644\u0639\u0627\u062f\u064a\u0629 5.0% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a)\u060c \u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0623\u0646 \u0628\u0646\u0643 \u0625\u0646\u062c\u0644\u062a\u0631\u0627 \u0633\u064a\u062a\u0642\u062f\u0645 \u0628\u0628\u0637\u0621 \u0641\u064a \u0623\u064a \u062a\u062e\u0641\u064a\u0636\u0627\u062a \u0645\u0633\u062a\u0642\u0628\u0644\u064a\u0629\u060c \u0645\u0639 \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0627\u0644\u0643\u0628\u064a\u0631 \u0639\u0644\u0649 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a. \u0625\u0634\u0627\u0631\u0627\u062a \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644 \u0645\u062a\u0628\u0627\u064a\u0646\u0629: 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\u0628\u064a\u0627\u0646\u0627\u062a:<\/strong><\/h3>\n\n\n\n<p>&nbsp;\u2022 \u0645\u0624\u0634\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 \u0623\u0642\u0644 \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0648 \u062a\u0628\u0627\u0637\u0624 \u0646\u0645\u0648 \u0627\u0644\u0623\u062c\u0648\u0631 \u0642\u062f \u064a\u0639\u0632\u0632 \u0645\u0648\u0642\u0641 \u0628\u0646\u0643 \u0625\u0646\u062c\u0644\u062a\u0631\u0627 \u0627\u0644\u0645\u062a\u0634\u0627\u0626\u0645 \u0648\u064a\u0645\u0627\u0631\u0633 \u0636\u063a\u0637\u0627\u064b \u0639\u0644\u0649 \u0627\u0644\u062c\u0646\u064a\u0647.<br>\u2022 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u062a\u0636\u062e\u0645 \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0623\u0648 \u062b\u0628\u0627\u062a \u0628\u064a\u0627\u0646\u0627\u062a \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644 \u0642\u062f \u064a\u0624\u062e\u0631 \u0627\u0644\u0645\u0632\u064a\u062f 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\u0627\u0644\u0633\u064a\u0627\u0633\u0629.<\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0628\u0627\u062e\u062a\u0635\u0627\u0631\u060c \u0633\u0628\u062a\u0645\u0628\u0631 \u0645\u0644\u064a\u0621 \u0628\u0645\u062d\u0641\u0632\u0627\u062a \u0627\u0644\u0645\u062e\u0627\u0637\u0631. \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0628\u0631\u064a\u0637\u0627\u0646\u064a\u0629\u060c \u0643\u0644 \u0634\u064a\u0621 \u0645\u0646 \u0645\u062d\u0627\u0636\u0631 \u0628\u0646\u0643 \u0625\u0646\u062c\u0644\u062a\u0631\u0627 \u0625\u0644\u0649 \u0646\u0645\u0648 \u0627\u0644\u0623\u062c\u0648\u0631 \u0648\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643 \u0633\u064a\u0624\u062b\u0631 \u0639\u0644\u0649 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0644\u0644\u0645\u0633\u0627\u0631 \u0627\u0644\u0642\u0627\u062f\u0645. \u064a\u062c\u0628 \u0639\u0644\u0649 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0627\u0633\u062a\u0639\u062f\u0627\u062f \u0644\u0644\u062a\u0642\u0644\u0628\u0627\u062a\u060c \u062e\u0627\u0635\u0629 \u0641\u064a \u0627\u0644\u062c\u0646\u064a\u0647 \u0627\u0644\u0625\u0633\u062a\u0631\u0644\u064a\u0646\u064a\u060c \u0648\u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629\u060c \u0648\u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u062d\u0633\u0627\u0633\u0629 \u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u062a\u0635\u0646\u064a\u0641.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a-\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629-\u0644\u0645\u0646\u0637\u0642\u0629-\u0627\u0644\u064a\u0648\u0631\u0648-\u0633\u0628\u062a\u0645\u0628\u0631-2025\"><strong>\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0644\u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u2014 \u0633\u0628\u062a\u0645\u0628\u0631 2025<\/strong><\/h2>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u062f\u062e\u0644 \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648 \u0633\u0628\u062a\u0645\u0628\u0631 \u0641\u064a \u062d\u0627\u0644\u0629 \u0647\u0634\u0629 \u0644\u0643\u0646\u0647\u0627 \u0645\u0633\u062a\u0642\u0631\u0629\u060c \u0645\u0639 \u0646\u0645\u0648 \u0645\u0639\u062a\u062f\u0644\u060c \u062a\u0636\u062e\u0645 \u062a\u062d\u062a \u0627\u0644\u0633\u064a\u0637\u0631\u0629\u060c \u0648\u0622\u0641\u0627\u0642 \u0633\u064a\u0627\u0633\u0629 \u0646\u0642\u062f\u064a\u0629 \u062a\u062a\u0634\u0643\u0644 \u0628\u0634\u0643\u0644 \u0645\u062a\u0632\u0627\u064a\u062f \u062d\u0633\u0628 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0642\u0635\u064a\u0631\u0629 \u0627\u0644\u0645\u062f\u0649. \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0646 \u064a\u062d\u0627\u0641\u0638 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0639\u0644\u0649 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0639\u0646\u062f \u0627\u062c\u062a\u0645\u0627\u0639 10\u201311 \u0633\u0628\u062a\u0645\u0628\u0631\u060c \u0644\u0643\u0646 \u0635\u0627\u0646\u0639\u064a \u0627\u0644\u0633\u064a\u0627\u0633\u0627\u062a \u064a\u0638\u0644\u0648\u0646 \u0645\u0631\u0643\u0632\u064a\u0646 \u0639\u0644\u0649 \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0645\u0633\u062a\u0645\u0631 \u0641\u064a \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0648\u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062e\u0627\u0631\u062c\u064a\u0629\u060c \u062e\u0635\u0648\u0635\u0627\u064b \u0627\u0644\u0637\u0627\u0642\u0629 \u0648\u0627\u0644\u062a\u0648\u062a\u0631\u0627\u062a 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\u062f\u062e\u0648\u0644 \u0627\u0644\u062e\u0631\u064a\u0641.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0623\u0638\u0647\u0631\u062a \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0644\u0634\u0647\u0631 \u0623\u063a\u0633\u0637\u0633 \u0635\u0648\u0631\u0629 \u0645\u0646 \u0627\u0644\u0635\u0645\u0648\u062f \u0627\u0644\u062d\u0630\u0631. \u0638\u0644 \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u0645\u0633\u062a\u0642\u0631\u0627\u064b \u0639\u0646\u062f 2.0% \u0641\u064a \u064a\u0648\u0644\u064a\u0648\u060c \u0628\u064a\u0646\u0645\u0627 \u0627\u0633\u062a\u0642\u0631 \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0639\u0646\u062f \u062d\u0648\u0627\u0644\u064a 2.3%. \u0627\u0633\u062a\u0645\u0631 \u0642\u0637\u0627\u0639 \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0641\u064a \u0627\u0644\u0645\u0633\u0627\u0647\u0645\u0629 \u0627\u0644\u0623\u0643\u0628\u0631 \u0641\u064a \u0627\u0644\u0636\u063a\u0648\u0637 \u0627\u0644\u062a\u0636\u062e\u0645\u064a\u0629\u060c \u0628\u064a\u0646\u0645\u0627 \u0633\u0627\u0639\u062f \u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u062a\u0636\u062e\u0645 \u0641\u064a \u0627\u0644\u0633\u0644\u0639 \u0639\u0644\u0649 \u062a\u062e\u0641\u064a\u0641 \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0639\u0627\u0645 \u0644\u0644\u0623\u0633\u0639\u0627\u0631. \u0641\u0633\u0631\u062a \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0623\u0631\u0642\u0627\u0645 \u0639\u0644\u0649 \u0623\u0646\u0647\u0627 \u062a\u0639\u0632\u0632 \u0645\u0648\u0642\u0641 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0627\u0644\u0627\u0646\u062a\u0638\u0627\u0631\u064a.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0627\u0644\u0646\u0645\u0648\u060c \u0631\u063a\u0645 \u0643\u0648\u0646\u0647 \u0625\u064a\u062c\u0627\u0628\u064a\u0627\u064b\u060c \u062a\u0628\u0627\u0637\u0623. \u0627\u0631\u062a\u0641\u0639 \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0644\u0644\u0631\u0628\u0639 \u0627\u0644\u062b\u0627\u0646\u064a \u0628\u0646\u0633\u0628\u0629 0.1% \u0641\u0642\u0637 \u0645\u0642\u0627\u0631\u0646\u0629 \u0628\u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u0633\u0627\u0628\u0642 (1.4% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a)\u060c \u0648\u0647\u0648 \u0627\u0646\u062e\u0641\u0627\u0636 \u0639\u0646 \u0627\u0644\u0632\u062e\u0645 \u0627\u0644\u0633\u0627\u0628\u0642. \u0644\u0627 \u062a\u0632\u0627\u0644 \u0623\u0644\u0645\u0627\u0646\u064a\u0627 \u062a\u062d\u0642\u0642 \u0623\u062f\u0627\u0621 \u0623\u0642\u0644 \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u060c \u0628\u064a\u0646\u0645\u0627 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\u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 \u0644\u0627 \u062a\u0632\u0627\u0644 \u0636\u0639\u064a\u0641\u0629. \u0627\u0646\u062e\u0641\u0636 \u0645\u0624\u0634\u0631 \u0627\u0644\u0645\u0639\u0646\u0648\u064a\u0627\u062a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 (ESI) \u0625\u0644\u0649 95.2\u060c \u0648\u062a\u0631\u0627\u062c\u0639 \u062b\u0642\u0629 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 \u0623\u0643\u062b\u0631 \u0625\u0644\u0649 \u201315.5\u060c \u0645\u0645\u0627 \u064a\u0639\u0643\u0633 \u062a\u0648\u0642\u0639\u0627\u062a \u0637\u0644\u0628 \u0645\u0646\u062e\u0641\u0636\u0629.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0623\u0628\u0631\u0632\u062a \u0645\u062d\u0627\u0636\u0631 \u0627\u062c\u062a\u0645\u0627\u0639 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0641\u064a \u064a\u0648\u0644\u064a\u0648 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\u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643 \u0627\u0644\u0623\u0644\u0645\u0627\u0646\u064a GfK \u0625\u0644\u0649 \u201323.6 \u0641\u064a \u0623\u0648\u0627\u062e\u0631 \u0623\u063a\u0633\u0637\u0633\u060c \u0645\u0645\u0627 \u064a\u0624\u0643\u062f \u0639\u062f\u0645 \u0627\u0644\u064a\u0642\u064a\u0646 \u0627\u0644\u0639\u0645\u064a\u0642 \u0641\u064a \u0623\u0643\u0628\u0631 \u0627\u0642\u062a\u0635\u0627\u062f \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u0627\u0644\u064a\u0648\u0631\u0648.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0641\u064a \u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644\u060c \u062a\u062a\u0648\u0642\u0639 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0623\u0646 \u064a\u062d\u0627\u0641\u0638 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0639\u0644\u0649 \u062e\u064a\u0627\u0631\u064a\u0629 \u0641\u064a \u0646\u0647\u062c\u0647 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\u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 \u0627\u0644\u0646\u0647\u0627\u0626\u064a<br>\u2022 22 \u0633\u0628\u062a\u0645\u0628\u0631: \u062b\u0642\u0629 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643 (\u0633\u0628\u062a\u0645\u0628\u0631)<\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0645\u0639 \u062a\u0628\u0627\u0637\u0624 \u0627\u0644\u0646\u0645\u0648 \u0648\u0627\u0644\u062a\u0636\u062e\u0645 \u0642\u0631\u0628 \u0627\u0644\u0647\u062f\u0641\u060c \u0645\u0646 \u0627\u0644\u0645\u0631\u062c\u062d \u0623\u0646 \u064a\u062d\u0627\u0641\u0638 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a \u0639\u0644\u0649 \u064a\u062f\u0647 \u0627\u0644\u062b\u0627\u0628\u062a\u0629. \u0633\u062a\u062d\u062f\u062f \u0628\u064a\u0627\u0646\u0627\u062a \u0633\u0628\u062a\u0645\u0628\u0631 \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0627\u0644\u0635\u0628\u0631 \u0645\u0633\u062a\u0645\u0631\u064b\u0627 \u2014 \u0623\u0648 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0647\u0646\u0627\u0643 \u062d\u0627\u062c\u0629 \u0644\u062a\u062d\u0648\u0644\u0627\u062a \u0633\u064a\u0627\u0633\u064a\u0629 \u0645\u0639 \u062f\u062e\u0648\u0644 \u0627\u0644\u0631\u0628\u0639 \u0627\u0644\u0631\u0627\u0628\u0639.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a-\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629-\u0644\u0644\u0635\u064a\u0646-\u0633\u0628\u062a\u0645\u0628\u0631-2025\"><strong>\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0644\u0644\u0635\u064a\u0646 \u2014 \u0633\u0628\u062a\u0645\u0628\u0631 2025<\/strong><\/h2>\n\n\n\n<p><span class=\"custom-text-align-justify\">&nbsp;\u062a\u062a\u0648\u062c\u0647 \u0627\u0644\u0635\u064a\u0646 \u0625\u0644\u0649 \u0633\u0628\u062a\u0645\u0628\u0631 \u0645\u0639 \u0627\u0646\u062a\u0639\u0627\u0634 \u0647\u0634 \u0648\u063a\u064a\u0631 \u0645\u062a\u0643\u0627\u0641\u0626 \u064a\u062a\u0645\u064a\u0632 \u0628\u0642\u0648\u0629 \u0642\u0637\u0627\u0639 \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0648\u0627\u0644\u062a\u062c\u0627\u0631\u0629 \u0627\u0644\u062e\u0627\u0631\u062c\u064a\u0629\u060c \u0645\u0642\u0627\u0628\u0644 \u0642\u0648\u0649 \u0627\u0646\u0643\u0645\u0627\u0634\u064a\u0629 \u0645\u0633\u062a\u0645\u0631\u0629\u060c \u0648\u0636\u0639\u0641 \u0642\u0637\u0627\u0639 \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a\u060c \u0648\u0638\u0631\u0648\u0641 \u0627\u0626\u062a\u0645\u0627\u0646\u064a\u0629 \u062d\u0630\u0631\u0629. \u064a\u0648\u0627\u0635\u0644 \u0635\u0627\u0646\u0639\u0648 \u0627\u0644\u0633\u064a\u0627\u0633\u0627\u062a \u062a\u0641\u0636\u064a\u0644 \u0627\u0644\u062a\u062e\u0641\u064a\u0641 \u0627\u0644\u0627\u0646\u062a\u0642\u0627\u0626\u064a \u0639\u0644\u0649 \u0627\u0644\u062a\u062d\u0641\u064a\u0632 \u0627\u0644\u0648\u0627\u0633\u0639\u060c \u0645\u0634\u064a\u0631\u064a\u0646 \u0625\u0644\u0649 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u062a\u0633\u062a\u0647\u062f\u0641 \u0627\u0644\u0627\u0633\u062a\u0642\u0631\u0627\u0631 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u062a\u0633\u0627\u0631\u0639 \u0627\u0644\u0639\u062f\u0648\u0627\u0646\u064a\u0629.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u0645\u0644\u062e\u0635-\u0628\u064a\u0627\u0646\u0627\u062a-\u0623\u063a\u0633\u0637\u0633\"><strong>\u0645\u0644\u062e\u0635 \u0628\u064a\u0627\u0646\u0627\u062a \u0623\u063a\u0633\u0637\u0633<\/strong><\/h2>\n\n\n\n<p><span class=\"custom-text-align-justify\">&nbsp;\u0638\u0644 \u0627\u0644\u062a\u0636\u062e\u0645 \u0645\u0646\u062e\u0641\u0636\u0627\u064b. \u0643\u0627\u0646 \u0645\u0624\u0634\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646 \u0641\u064a \u064a\u0648\u0644\u064a\u0648 \u062b\u0627\u0628\u062a\u0627\u064b \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a\u060c \u0648\u0627\u0631\u062a\u0641\u0639 \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0628\u0646\u0633\u0628\u0629 0.8% \u0641\u0642\u0637\u060c \u0645\u0639 \u0642\u064a\u0627\u0645 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u063a\u0630\u0627\u0621 \u0628\u062e\u0641\u0636 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0639\u0627\u0645\u0629 \u0644\u0644\u0645\u0633\u062a\u0647\u0644\u0643\u064a\u0646. \u0638\u0644 \u062a\u0636\u062e\u0645 \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0645\u0633\u062a\u0642\u0631\u0627\u064b \u0639\u0646\u062f 0.5%. \u0648\u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0646\u0641\u0633\u0647\u060c \u0627\u0633\u062a\u0645\u0631\u062a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0646\u062a\u062c\u064a\u0646 \u0641\u064a \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636\u060c \u062d\u064a\u062b \u0627\u0646\u062e\u0641\u0636 \u0645\u0624\u0634\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0646\u062a\u062c\u064a\u0646 \u0628\u0646\u0633\u0628\u0629 3.6% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a\u060c \u0645\u0645\u0627 \u064a\u0628\u0631\u0632 \u0627\u0644\u0636\u063a\u0648\u0637 \u0639\u0644\u0649 \u0647\u0648\u0627\u0645\u0634 \u0627\u0644\u0635\u0646\u0627\u0639\u0629 \u0648\u0627\u0644\u0642\u062f\u0631\u0629 \u0627\u0644\u0633\u0639\u0631\u064a\u0629 \u0644\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0623\u0648\u0633\u0639.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u0627\u0644\u0636\u063a\u0648\u0637 \u0627\u0644\u0627\u0646\u0643\u0645\u0627\u0634\u064a\u0629\u060c \u0623\u0638\u0647\u0631\u062a \u0627\u0644\u0646\u0634\u0627\u0637\u0627\u062a \u0627\u0644\u0641\u0639\u0644\u064a\u0629 \u0628\u0639\u0636 \u0627\u0644\u0635\u0645\u0648\u062f. \u0646\u0645\u0627 \u0627\u0644\u0625\u0646\u062a\u0627\u062c \u0627\u0644\u0635\u0646\u0627\u0639\u064a \u0628\u0646\u0633\u0628\u0629 5.7% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a\u060c \u0645\u062f\u0641\u0648\u0639\u0627\u064b \u0628\u0627\u0644\u062a\u0635\u0646\u064a\u0639 \u0648\u0627\u0644\u0628\u0646\u064a\u0629 \u0627\u0644\u062a\u062d\u062a\u064a\u0629. \u0627\u0631\u062a\u0641\u0639\u062a \u0645\u0628\u064a\u0639\u0627\u062a \u0627\u0644\u062a\u062c\u0632\u0626\u0629 \u0628\u0646\u0633\u0628\u0629 3.7%\u060c \u0645\u0645\u0627 \u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0627\u0646\u062a\u0639\u0627\u0634 \u0645\u0633\u062a\u0647\u0644\u0643 \u062d\u0630\u0631 \u0644\u0643\u0646\u0647 \u0645\u0633\u062a\u0645\u0631. \u0638\u0644 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u062b\u0627\u0628\u062a\u0629 \u0636\u0639\u064a\u0641\u0627\u064b (+1.6% \u0645\u0646\u0630 \u0628\u062f\u0627\u064a\u0629 \u0627\u0644\u0639\u0627\u0645)\u060c \u062d\u064a\u062b \u0637\u063a\u062a \u0627\u0644\u0645\u0643\u0627\u0633\u0628 \u0641\u064a \u0627\u0644\u0628\u0646\u064a\u0629 \u0627\u0644\u062a\u062d\u062a\u064a\u0629 \u0648\u0627\u0644\u062a\u0635\u0646\u064a\u0639 \u0639\u0644\u0649 \u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a \u0628\u0646\u0633\u0628\u0629 12%. \u0638\u0644 \u0645\u0639\u062f\u0644 \u0627\u0644\u0628\u0637\u0627\u0644\u0629 \u0627\u0644\u062d\u0636\u0631\u064a\u0629 \u062b\u0627\u0628\u062a\u0627\u064b \u0639\u0646\u062f 5.2%.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0633\u062c\u0644\u062a \u0627\u0644\u062a\u062c\u0627\u0631\u0629 \u0627\u0631\u062a\u0641\u0627\u0639\u064b\u0627 \u0645\u0641\u0627\u062c\u0626\u064b\u0627\u060c \u0645\u0639 \u0642\u0641\u0632\u0629 \u0627\u0644\u0635\u0627\u062f\u0631\u0627\u062a \u0628\u0646\u0633\u0628\u0629 7.2% \u0648\u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0648\u0627\u0631\u062f\u0627\u062a \u0628\u0646\u0633\u0628\u0629 4.1%\u060c \u0631\u0628\u0645\u0627 \u0628\u062f\u0639\u0645 \u0645\u0646 \u0627\u0644\u062a\u062d\u0645\u064a\u0644 \u0627\u0644\u0645\u0633\u0628\u0642 \u0642\u0628\u0644 \u062a\u063a\u064a\u064a\u0631\u0627\u062a \u0627\u0644\u062a\u0639\u0631\u064a\u0641\u0627\u062a \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u0642\u062f \u064a\u0643\u0648\u0646 \u0647\u0630\u0627 \u0627\u0644\u0632\u062e\u0645 \u0642\u0635\u064a\u0631 \u0627\u0644\u0623\u0645\u062f. \u0643\u0627\u0646\u062a \u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0627\u0626\u062a\u0645\u0627\u0646 \u0623\u0643\u062b\u0631 \u0625\u062b\u0627\u0631\u0629 \u0644\u0644\u0642\u0644\u0642: \u0634\u0647\u062f \u064a\u0648\u0644\u064a\u0648 \u062a\u0642\u0644\u0635\u0627\u064b \u0646\u0627\u062f\u0631\u0627\u064b \u0641\u064a \u0627\u0644\u0642\u0631\u0648\u0636 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0628\u0627\u0644\u064a\u0648\u0627\u0646 (\u201350 \u0645\u0644\u064a\u0627\u0631 \u064a\u0648\u0627\u0646)\u060c \u0645\u0645\u0627 \u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0636\u0639\u0641 \u0627\u0644\u0637\u0644\u0628 \u0648\u062d\u0630\u0631 \u0627\u0644\u0625\u0642\u0631\u0627\u0636 \u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u062a\u0648\u0633\u0639 \u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0643\u0644\u064a \u0628\u0645\u0642\u062f\u0627\u0631 1.16 \u062a\u0631\u064a\u0644\u064a\u0648\u0646 \u064a\u0648\u0627\u0646.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u0622\u0641\u0627\u0642-\u0627\u0644\u0633\u064a\u0627\u0633\u0629\"><strong>\u0622\u0641\u0627\u0642 \u0627\u0644\u0633\u064a\u0627\u0633\u0629<\/strong><\/h2>\n\n\n\n<p><span class=\"custom-text-align-justify\">&nbsp;\u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0646 \u064a\u0628\u0642\u064a \u0628\u0646\u0643 \u0627\u0644\u0634\u0639\u0628 \u0627\u0644\u0635\u064a\u0646\u064a (PBOC) \u0639\u0644\u0649 \u0645\u0639\u062f\u0644 \u0627\u0644\u0642\u0631\u0636 \u0627\u0644\u0623\u0633\u0627\u0633\u064a (LPR) \u062f\u0648\u0646 \u062a\u063a\u064a\u064a\u0631 \u0639\u0646\u062f \u062a\u062d\u062f\u064a\u062f\u0647 \u0641\u064a 22 \u0633\u0628\u062a\u0645\u0628\u0631\u060c \u0645\u0641\u0636\u0644\u0627\u064b \u062d\u0642\u0646 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u0645\u0633\u062a\u0647\u062f\u0641\u0629 \u0648\u062a\u0642\u062f\u064a\u0645 \u062f\u0639\u0645 \u0642\u0637\u0627\u0639\u064a \u0645\u062d\u062f\u062f \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u062e\u0641\u0636 \u0627\u0644\u0641\u0627\u0626\u062f\u0629. \u064a\u0634\u064a\u0631 \u0635\u0627\u0646\u0639\u0648 \u0627\u0644\u0633\u064a\u0627\u0633\u0627\u062a \u0625\u0644\u0649 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0639\u0644\u0649 \u0627\u0644\u0623\u062f\u0648\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0628\u0631\u0627\u0645\u062c \u0627\u0644\u0627\u0626\u062a\u0645\u0627\u0646 \u0627\u0644\u0647\u064a\u0643\u0644\u064a\u0629 \u0644\u062f\u0639\u0645 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u2014 \u062e\u0635\u0648\u0635\u0627\u064b \u0641\u064a \u062a\u0631\u0642\u064a\u0629 \u0627\u0644\u062a\u0635\u0646\u064a\u0639 \u0648\u062f\u0639\u0645 \u0627\u0644\u0625\u0633\u0643\u0627\u0646 \u2014 \u062f\u0648\u0646 \u062a\u062d\u0641\u064a\u0632 \u0627\u0644\u0631\u0641\u0639 \u0627\u0644\u0645\u0641\u0631\u0637 \u0623\u0648 \u0627\u0644\u0636\u063a\u0637 \u0639\u0644\u0649 \u0627\u0644\u0639\u0645\u0644\u0629.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u0627\u062a\u062c\u0627\u0647\u0627\u062a-\u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a\"><strong>\u0627\u062a\u062c\u0627\u0647\u0627\u062a \u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a<\/strong><\/h2>\n\n\n\n<p><span class=\"custom-text-align-justify\">&nbsp;\u064a\u0638\u0644 \u0627\u0644\u062a\u0639\u0627\u0641\u064a \u062b\u0646\u0627\u0626\u064a \u0627\u0644\u0642\u0637\u0628. \u0638\u0644 \u0645\u0624\u0634\u0631 \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u0627\u0644\u0635\u0646\u0627\u0639\u064a \u0627\u0644\u0631\u0633\u0645\u064a \u0641\u064a \u062d\u0627\u0644\u0629 \u0627\u0646\u0643\u0645\u0627\u0634 \u0639\u0646\u062f 49.3 \u0641\u064a \u0623\u063a\u0633\u0637\u0633\u060c \u0628\u064a\u0646\u0645\u0627 \u062a\u0648\u0633\u0639 \u0645\u0624\u0634\u0631 \u0645\u062f\u064a\u0631\u064a \u0627\u0644\u0645\u0634\u062a\u0631\u064a\u0627\u062a \u063a\u064a\u0631 \u0627\u0644\u0635\u0646\u0627\u0639\u064a \u0628\u0627\u0644\u0643\u0627\u062f \u0639\u0646\u062f 50.1. \u0628\u0627\u0644\u0645\u0642\u0627\u0628\u0644\u060c \u0627\u0631\u062a\u0641\u0639 \u0645\u0624\u0634\u0631 S&amp;P Global \u0644\u0644\u062e\u062f\u0645\u0627\u062a \u0625\u0644\u0649 52.6\u060c \u0645\u0645\u0627 \u064a\u0628\u0631\u0632 \u0627\u0644\u0642\u0648\u0629 \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629 \u0641\u064a \u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u0645\u0648\u062c\u0647\u0629 \u0644\u0644\u0645\u0633\u062a\u0647\u0644\u0643. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u0638\u0644 \u0633\u0648\u0642 \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a \u062a\u062d\u062a \u0627\u0644\u0636\u063a\u0637\u060c \u0645\u0639 \u0627\u0646\u062e\u0641\u0627\u0636 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0646\u0627\u0632\u0644 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0641\u064a 70 \u0645\u062f\u064a\u0646\u0629 \u0631\u0626\u064a\u0633\u064a\u0629 \u0628\u0646\u0633\u0628\u0629 0.3% \u0634\u0647\u0631\u064a\u0627\u064b \u06482.8% \u0633\u0646\u0648\u064a\u0627\u064b. \u0644\u0648\u062d\u0638 \u0628\u0639\u0636 \u0627\u0644\u0627\u0633\u062a\u0642\u0631\u0627\u0631 \u0641\u064a \u0627\u0644\u0645\u062f\u0646 \u0645\u0646 \u0627\u0644\u062f\u0631\u062c\u0629 \u0627\u0644\u0623\u0648\u0644\u0649 \u0648\u0633\u0637 \u0627\u0644\u062a\u062e\u0641\u064a\u0641 \u0627\u0644\u0645\u0633\u062a\u0647\u062f\u0641.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-\u062a\u0623\u062b\u064a\u0631\u0627\u062a-\u0627\u0644\u0633\u0648\u0642\"><strong>\u062a\u0623\u062b\u064a\u0631\u0627\u062a \u0627\u0644\u0633\u0648\u0642<\/strong><\/h3>\n\n\n\n<p> \u2022 <strong>\u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0648\u0627\u0644\u064a\u0648\u0627\u0646<\/strong>: \u062f\u0639\u0645 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\u0639\u0644\u0649 \u0642\u0648\u0629 \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0644\u062a\u0639\u0648\u064a\u0636 \u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u062a\u0635\u0646\u064a\u0639. \u064a\u0638\u0644 \u0627\u0644\u062a\u0636\u062e\u0645 \u062b\u0627\u0628\u062a\u0627\u064b \u062a\u062d\u062a \u0627\u0644\u0633\u0637\u062d\u060c \u0648\u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644 \u0636\u064a\u0642\u060c \u0648\u064a\u062d\u0627\u0641\u0638 \u0628\u0646\u0643 \u0627\u0644\u064a\u0627\u0628\u0627\u0646 (BoJ) \u0639\u0644\u0649 \u0645\u0648\u0642\u0641 \u0635\u0628\u0648\u0631 \u0645\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a. \u062a\u0631\u0627\u0642\u0628 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0639\u0646 \u0643\u062b\u0628 \u0644\u0645\u0639\u0631\u0641\u0629 \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u0627\u0646\u0643\u0645\u0627\u0634 \u0627\u0644\u0623\u062e\u064a\u0631 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\u0644\u0634\u0647\u0631 \u0623\u063a\u0633\u0637\u0633 \u0627\u0646\u062e\u0641\u0627\u0636\u0627\u064b \u0641\u064a \u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0639\u0627\u0645 \u0625\u0644\u0649 2.6% \u0648\u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0625\u0644\u0649 2.5%\u060c \u0628\u0634\u0643\u0644 \u0631\u0626\u064a\u0633\u064a \u0628\u0633\u0628\u0628 \u062f\u0639\u0645 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0630\u064a \u062e\u0641\u0641 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0637\u0627\u0642\u0629. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u0638\u0644 \u0645\u0642\u064a\u0627\u0633 \u0627\u0644\u062a\u0636\u062e\u0645 &#8220;\u0627\u0644\u0623\u0633\u0627\u0633\u064a-\u0627\u0644\u0623\u0633\u0627\u0633\u064a&#8221; \u2014 \u0628\u0627\u0633\u062a\u062b\u0646\u0627\u0621 \u0627\u0644\u063a\u0630\u0627\u0621 \u0648\u0627\u0644\u0637\u0627\u0642\u0629 \u2014 \u0642\u0631\u064a\u0628\u0627\u064b \u0645\u0646 3.0%\u060c \u0645\u0645\u0627 \u064a\u0628\u0631\u0632 \u0627\u0644\u0636\u063a\u0648\u0637 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629 \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629. \u062a\u0633\u062a\u0645\u0631 \u0647\u0630\u0647 \u0627\u0644\u062f\u064a\u0646\u0627\u0645\u064a\u0643\u064a\u0627\u062a \u0627\u0644\u0633\u0639\u0631\u064a\u0629 \u0627\u0644\u062b\u0627\u0628\u062a\u0629 \u0641\u064a \u0627\u0644\u062d\u062f \u0645\u0646 \u0642\u062f\u0631\u0629 BoJ \u0639\u0644\u0649 \u062a\u0637\u0628\u064a\u0639 \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0628\u0634\u0643\u0644 \u0639\u062f\u0648\u0627\u0646\u064a.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0638\u0644 \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644 \u0623\u062d\u062f \u0627\u0644\u0623\u0634\u062f \u062a\u0634\u062f\u064a\u062f\u0627\u064b \u0628\u064a\u0646 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u0627\u062a \u0627\u0644\u0645\u062a\u0642\u062f\u0645\u0629. \u0627\u0646\u062e\u0641\u0636 \u0645\u0639\u062f\u0644 \u0627\u0644\u0628\u0637\u0627\u0644\u0629 \u0625\u0644\u0649 2.3%\u060c \u0648\u0638\u0644 \u0645\u0639\u062f\u0644 \u0627\u0644\u0648\u0638\u0627\u0626\u0641 \u0625\u0644\u0649 \u0627\u0644\u0645\u062a\u0642\u062f\u0645\u064a\u0646 \u062b\u0627\u0628\u062a\u0627\u064b \u0639\u0646\u062f 1.22. \u0628\u064a\u0646\u0645\u0627 \u062a\u0628\u0627\u0637\u0623 \u0632\u062e\u0645 \u0627\u0644\u062a\u0648\u0638\u064a\u0641 \u0642\u0644\u064a\u0644\u0627\u064b\u060c \u062a\u0638\u0644 \u0627\u0644\u0646\u0642\u0635 \u0627\u0644\u0647\u064a\u0643\u0644\u064a \u0641\u064a \u0627\u0644\u0639\u0645\u0627\u0644\u0629 \u0648\u0627\u0644\u0645\u0641\u0627\u0648\u0636\u0627\u062a \u0639\u0644\u0649 \u0627\u0644\u0623\u062c\u0648\u0631 \u0645\u0631\u0643\u0632\u064a\u0629 \u0641\u064a \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u062a\u0636\u062e\u0645 \u0644\u062f\u0649 BoJ.<\/span><\/p>\n\n\n\n<p><span class=\"custom-text-align-justify\">\u0641\u064a \u062c\u0627\u0646\u0628 \u0627\u0644\u0625\u0646\u062a\u0627\u062c\u060c \u0627\u0646\u062e\u0641\u0636 \u0627\u0644\u0625\u0646\u062a\u0627\u062c \u0627\u0644\u0635\u0646\u0627\u0639\u064a \u0641\u064a \u064a\u0648\u0644\u064a\u0648 \u0628\u0646\u0633\u0628\u0629 1.6% \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0634\u0647\u0631\u064a. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u064a\u062a\u0648\u0642\u0639 \u0627\u0644\u0645\u0635\u0646\u0639\u0648\u0646 \u0627\u0646\u062a\u0639\u0627\u0634\u0627\u064b \u0628\u0646\u0633\u0628\u0629 2.8% \u0641\u064a \u0623\u063a\u0633\u0637\u0633\u060c \u064a\u0644\u064a\u0647 \u0627\u062d\u062a\u0645\u0627\u0644 \u0627\u0646\u062e\u0641\u0627\u0636 \u0641\u064a \u0633\u0628\u062a\u0645\u0628\u0631. \u0627\u0631\u062a\u0641\u0639\u062a \u0645\u0628\u064a\u0639\u0627\u062a \u0627\u0644\u062a\u062c\u0632\u0626\u0629 \u0628\u0646\u0633\u0628\u0629 0.3% \u0641\u0642\u0637 \u0639\u0644\u0649 \u0623\u0633\u0627\u0633 \u0633\u0646\u0648\u064a\u060c \u0645\u0645\u0627 \u064a\u0639\u0643\u0633 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0625\u0646\u0641\u0627\u0642 \u0627\u0644\u0623\u0633\u0631 \u0628\u062d\u0630\u0631 \u0648\u0633\u0637 \u0636\u063a\u0648\u0637 \u062a\u0643\u0644\u0641\u0629 \u0627\u0644\u0645\u0639\u064a\u0634\u0629.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-\u0627\u062a\u062c\u0627\u0647\u0627\u062a-\u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a-\u0648\u0645\u0624\u0634\u0631\u0627\u062a-pmi\"><strong>\u0627\u062a\u062c\u0627\u0647\u0627\u062a \u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a \u0648\u0645\u0624\u0634\u0631\u0627\u062a PMI<\/strong><\/h3>\n\n\n\n<p><span class=\"custom-text-align-justify\">&nbsp;\u0623\u0638\u0647\u0631\u062a \u0628\u064a\u0627\u0646\u0627\u062a PMI \u0644\u0634\u0647\u0631 \u0623\u063a\u0633\u0637\u0633 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u062a\u0648\u0633\u0639 \u0628\u0642\u064a\u0627\u062f\u0629 \u0627\u0644\u062e\u062f\u0645\u0627\u062a. \u0627\u0631\u062a\u0641\u0639 \u0645\u0624\u0634\u0631 PMI \u0627\u0644\u0645\u0631\u0643\u0628 \u0625\u0644\u0649 51.9\u060c \u0645\u0639 \u0628\u0642\u0627\u0621 \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0641\u0648\u0642 \u0639\u062a\u0628\u0629 50 \u0648\u0642\u0637\u0627\u0639 \u0627\u0644\u062a\u0635\u0646\u064a\u0639 \u062a\u062d\u062a\u0647\u0627 \u0628\u0634\u0643\u0644 \u0637\u0641\u064a\u0641 \u0639\u0646\u062f 49.9. \u0623\u0635\u0628\u062d \u0627\u0644\u0627\u0633\u062a\u0647\u0644\u0627\u0643 \u0627\u0644\u0645\u062d\u0644\u064a\u060c \u062e\u0635\u0648\u0635\u0627\u064b \u0641\u064a \u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0648\u0627\u0644\u0633\u064a\u0627\u062d\u0629\u060c \u0645\u062d\u0631\u0643 \u0627\u0644\u0646\u0645\u0648. \u062a\u0638\u0644 \u0627\u0644\u0635\u0646\u0627\u0639\u0627\u062a \u0627\u0644\u0645\u0648\u062c\u0647\u0629 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\u0627\u062c\u062a\u0645\u0627\u0639 18\u201319 \u0633\u0628\u062a\u0645\u0628\u0631. \u0645\u0639 \u0635\u062f\u0648\u0631 \u0628\u064a\u0627\u0646\u0627\u062a CPI \u0627\u0644\u0648\u0637\u0646\u064a\u0629 (\u0623\u063a\u0633\u0637\u0633) \u0641\u064a \u0646\u0641\u0633 \u0627\u0644\u064a\u0648\u0645\u060c \u0633\u064a\u0643\u0648\u0646 \u0627\u0644\u062a\u0631\u0643\u064a\u0632 \u0639\u0644\u0649 \u0646\u0628\u0631\u0629 \u0627\u0644\u0628\u064a\u0627\u0646 \u0627\u0644\u0633\u064a\u0627\u0633\u064a \u0648\u0627\u0644\u062a\u0639\u0644\u064a\u0642 \u0639\u0644\u0649 \u0646\u0645\u0648 \u0627\u0644\u0623\u062c\u0648\u0631\u060c \u0648\u0627\u0644\u062a\u0636\u062e\u0645 \u0627\u0644\u0623\u0633\u0627\u0633\u064a-\u0627\u0644\u0623\u0633\u0627\u0633\u064a\u060c \u0648\u0634\u0631\u0627\u0621 \u0627\u0644\u0633\u0646\u062f\u0627\u062a. \u064a\u0638\u0644 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u062d\u0630\u0631\u0627\u064b\u060c 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\u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0646 \u062a\u0624\u0643\u062f \u0631\u0633\u0627\u0644\u062a\u0647 \u0639\u0644\u0649 \u0627\u0644\u0635\u0628\u0631 \u0648\u0627\u0644\u0645\u0631\u0648\u0646\u0629 \u0645\u0639 \u0627\u0644\u0627\u0639\u062a\u0631\u0627\u0641 \u0628\u0627\u0644\u0636\u063a\u0648\u0637 \u0627\u0644\u0633\u0639\u0631\u064a\u0629 \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u0629.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-\u0627\u0644\u0642\u0637\u0627\u0639-\u0627\u0644\u062e\u0627\u0631\u062c\u064a\"><strong>\u0627\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u062e\u0627\u0631\u062c\u064a<\/strong><\/h3>\n\n\n\n<p><span class=\"custom-text-align-justify\">&nbsp;\u0633\u062a\u0643\u0648\u0646 \u0627\u0644\u0635\u0627\u062f\u0631\u0627\u062a \u0645\u0624\u0634\u0631\u0627\u064b \u0631\u0626\u064a\u0633\u064a\u0627\u064b \u0639\u0644\u0649 \u0627\u0633\u062a\u0642\u0631\u0627\u0631 \u0627\u0644\u0637\u0644\u0628 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id=\"h-\u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a-\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629-\u0641\u064a-\u0633\u0628\u062a\u0645\u0628\u0631\"><strong>\u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0641\u064a \u0633\u0628\u062a\u0645\u0628\u0631<\/strong><\/h3>\n\n\n\n<p>&nbsp;\u2022 1 \u0633\u0628\u062a\u0645\u0628\u0631: \u0645\u0624\u0634\u0631 PMI \u0627\u0644\u0635\u0646\u0627\u0639\u064a<br>\u2022 8 \u0633\u0628\u062a\u0645\u0628\u0631: \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0644\u0644\u0631\u0628\u0639 \u0627\u0644\u062b\u0627\u0646\u064a (\u0627\u0644\u062a\u0642\u062f\u064a\u0631 \u0627\u0644\u062b\u0627\u0646\u064a)<br>\u2022 10\u201312 \u0633\u0628\u062a\u0645\u0628\u0631: \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0646\u062a\u062c\u064a\u0646\u060c \u0627\u0644\u0625\u0646\u062a\u0627\u062c 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\u0648\u0627\u0646\u062a\u0639\u0627\u0634 \u0627\u0644\u062a\u0635\u0646\u064a\u0639 \u0628\u0634\u0643\u0644 \u0645\u0639\u062a\u062f\u0644\u060c \u0648\u0645\u0631\u0627\u0639\u0627\u0629 BoJ \u0644\u0644\u062a\u0636\u062e\u0645 \u0628\u062d\u0630\u0631.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u0633\u0628\u062a\u0645\u0628\u0631 \u0644\u064a\u0633 \u0645\u062c\u0631\u062f \u0634\u0647\u0631 \u0622\u062e\u0631 \u0639\u0644\u0649 \u0627\u0644\u062a\u0642\u0648\u064a\u0645\u060c \u0628\u0644 \u0647\u0648 \u0646\u0642\u0637\u0629 \u0636\u063a\u0637 \u0644\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0639\u0627\u0644\u0645\u064a. \u0645\u0648\u062c\u0629 \u0645\u0646 \u0642\u0631\u0627\u0631\u0627\u062a \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629\u060c \u0648\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u062c\u062f\u064a\u062f\u0629\u060c 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