Historical Year Data · 1981

Canada Credit-to-GDP Gap in 1981

Canada Credit-to-GDP Gap opened 1981 at 6.5 and closed at 5.5, a -15.38% move for the year. The high of 7.5 was reached on September 30, and the low of 5.5 on December 31.

Open

6.5

1981-01

5.5

4 data points

High

7.5

Sep 30

Low

5.5

Dec 31

Full Year Change

-15.38%

1980 Change

-4.29%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	6.5	6.5	6.5	6.5	+0.00%
Jun	7.3	7.3	7.3	7.3	+0.00%
Sep	7.5	7.5	7.5	7.5	+0.00%
Dec	5.5	5.5	5.5	5.5	+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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