Historical Year Data · 1979

Australia Credit-to-GDP Gap in 1979

Australia Credit-to-GDP Gap opened 1979 at -0.9 and closed at 0.4, a +144.44% move for the year. The high of 0.7 was reached on September 30, and the low of -0.9 on March 31.

Open

-0.9

1979-01

0.4

4 data points

High

0.7

Sep 30

Low

-0.9

Mar 31

Full Year Change

+144.44%

1978 Change

+100.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-0.9	-0.9	-0.9	-0.9	+0.00%
Jun	0.6	0.6	0.6	0.6	+0.00%
Sep	0.7	0.7	0.7	0.7	+0.00%
Dec	0.4	0.4	0.4	0.4	+0.00%

Events During 1979

1979 Volcker Shock

Stagflation

October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

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