Historical Year Data · 2003

Italy Credit-to-GDP Gap in 2003

Italy Credit-to-GDP Gap opened 2003 at 7.6 and closed at 8.8, a +15.79% move for the year. The high of 8.8 was reached on December 31, and the low of 7.3 on September 30.

Open

7.6

2003-01

8.8

4 data points

High

8.8

Dec 31

Low

7.3

Sep 30

Full Year Change

+15.79%

2002 Change

+3.85%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	7.6	7.6	7.6	7.6	+0.00%
Jun	8.2	8.2	8.2	8.2	+0.00%
Sep	7.3	7.3	7.3	7.3	+0.00%
Dec	8.8	8.8	8.8	8.8	+0.00%

Events During 2003

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

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