Historical Year Data · 1981

Canada Credit-to-GDP Gap in 1981

Canada Credit-to-GDP Gap opened 1981 at 6.47 and closed at 5.52, a -14.59% move for the year. The high of 7.52 was reached on September 30, and the low of 5.52 on December 31.

Open

6.47

1981-01

5.52

4 data points

High

7.52

Sep 30

Low

5.52

Dec 31

Full Year Change

-14.59%

1980 Change

-4.76%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	6.47	6.47	6.47	6.47	+0.00%
Jun	7.31	7.31	7.31	7.31	+0.00%
Sep	7.52	7.52	7.52	7.52	+0.00%
Dec	5.52	5.52	5.52	5.52	+0.00%

Events During 1981

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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1981

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Historical Year Data · 1981

Canada Credit-to-GDP Gap in 1981

Canada Credit-to-GDP Gap opened 1981 at 6.47 and closed at 5.52, a -14.59% move for the year. The high of 7.52 was reached on September 30, and the low of 5.52 on December 31.