Historical Year Data · 2007
India Credit-to-GDP Gap in 2007
India Credit-to-GDP Gap opened 2007 at 22.7 and closed at 17, a -25.11% move for the year. The high of 22.7 was reached on March 31, and the low of 16.6 on June 30.
Open
22.7
2007-01
Close
17
4 data points
High
22.7
Mar 31
Low
16.6
Jun 30
Full Year Change
-25.11%
2006 Change
-11.43%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 22.7 | 22.7 | 22.7 | 22.7 | +0.00% |
| Jun | 16.6 | 16.6 | 16.6 | 16.6 | +0.00% |
| Sep | 17.5 | 17.5 | 17.5 | 17.5 | +0.00% |
| Dec | 17 | 17 | 17 | 17 | +0.00% |
Events During 2007
2008 Financial Crisis
Deflation
September 2007 – March 2009
The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.
2006 US Housing Market Peak
Goldilocks
June 2006 – February 2007
US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.
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