Historical Year Data · 1979

UK Credit-to-GDP Gap in 1979

UK Credit-to-GDP Gap opened 1979 at -2.6 and closed at -2.55, a +2.01% move for the year. The high of -1.9 was reached on June 30, and the low of -2.6 on March 31.

Open

-2.6

1979-01

-2.55

4 data points

High

-1.9

Jun 30

Low

-2.6

Mar 31

Full Year Change

+2.01%

1978 Change

+9.57%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-2.6	-2.6	-2.6	-2.6	+0.00%
Jun	-1.9	-1.9	-1.9	-1.9	+0.00%
Sep	-2.17	-2.17	-2.17	-2.17	+0.00%
Dec	-2.55	-2.55	-2.55	-2.55	+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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1979

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Historical Year Data · 1979

UK Credit-to-GDP Gap in 1979

UK Credit-to-GDP Gap opened 1979 at -2.6 and closed at -2.55, a +2.01% move for the year. The high of -1.9 was reached on June 30, and the low of -2.6 on March 31.