Historical Year Data · 1982
Italy Credit-to-GDP Gap in 1982
Italy Credit-to-GDP Gap opened 1982 at -10.7 and closed at -7.8, a +27.10% move for the year. The high of -7.8 was reached on December 31, and the low of -11.2 on June 30.
Open
-10.7
1982-01
Close
-7.8
4 data points
High
-7.8
Dec 31
Low
-11.2
Jun 30
Full Year Change
+27.10%
1981 Change
+22.81%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | -10.7 | -10.7 | -10.7 | -10.7 | +0.00% |
| Jun | -11.2 | -11.2 | -11.2 | -11.2 | +0.00% |
| Sep | -10.6 | -10.6 | -10.6 | -10.6 | +0.00% |
| Dec | -7.8 | -7.8 | -7.8 | -7.8 | +0.00% |
Events During 1982
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.
1982 Latin American Debt Crisis
Deflation
August 1982 – 1989
Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.
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