Historical Year Data · 2023
Australia Credit-to-GDP Gap in 2023
Australia Credit-to-GDP Gap opened 2023 at -27.6 and closed at -23.7, a +14.13% move for the year. The high of -23.7 was reached on December 31, and the low of -27.6 on March 31.
Open
-27.6
2023-01
Close
-23.7
4 data points
High
-23.7
Dec 31
Low
-27.6
Mar 31
Full Year Change
+14.13%
2022 Change
-22.73%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | -27.6 | -27.6 | -27.6 | -27.6 | +0.00% |
| Jun | -26.4 | -26.4 | -26.4 | -26.4 | +0.00% |
| Sep | -25.1 | -25.1 | -25.1 | -25.1 | +0.00% |
| Dec | -23.7 | -23.7 | -23.7 | -23.7 | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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