Historical Year Data · 2016
India Credit-to-GDP Gap in 2016
India Credit-to-GDP Gap opened 2016 at -17.1 and closed at -21, a -22.81% move for the year. The high of -17.1 was reached on March 31, and the low of -23.2 on September 30.
Open
-17.1
2016-01
Close
-21
4 data points
High
-17.1
Mar 31
Low
-23.2
Sep 30
Full Year Change
-22.81%
2015 Change
-17.12%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | -17.1 | -17.1 | -17.1 | -17.1 | +0.00% |
| Jun | -17.9 | -17.9 | -17.9 | -17.9 | +0.00% |
| Sep | -23.2 | -23.2 | -23.2 | -23.2 | +0.00% |
| Dec | -21 | -21 | -21 | -21 | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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