Historical Year Data · 1981

Italy Credit-to-GDP Gap in 1981

Italy Credit-to-GDP Gap opened 1981 at -11.4 and closed at -8.8, a +22.81% move for the year. The high of -8.8 was reached on December 31, and the low of -11.5 on September 30.

Open

-11.4

1981-01

-8.8

4 data points

High

-8.8

Dec 31

Low

-11.5

Sep 30

Full Year Change

+22.81%

1980 Change

+25.95%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-11.4	-11.4	-11.4	-11.4	+0.00%
Jun	-11.3	-11.3	-11.3	-11.3	+0.00%
Sep	-11.5	-11.5	-11.5	-11.5	+0.00%
Dec	-8.8	-8.8	-8.8	-8.8	+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.

Previous Year

← Italy Credit-to-GDP Gap in 1980

Next Year

Italy Credit-to-GDP Gap in 1982→