Historical Year Data · 2014

Italy Credit-to-GDP Gap in 2014

Italy Credit-to-GDP Gap opened 2014 at -5 and closed at -8.2, a -64.00% move for the year. The high of -5 was reached on March 31, and the low of -8.2 on December 31.

Open

-5

2014-01

-8.2

4 data points

High

-5

Mar 31

Low

-8.2

Dec 31

Full Year Change

-64.00%

2013 Change

-1266.67%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-5	-5	-5	-5	+0.00%
Jun	-5.6	-5.6	-5.6	-5.6	+0.00%
Sep	-6.5	-6.5	-6.5	-6.5	+0.00%
Dec	-8.2	-8.2	-8.2	-8.2	+0.00%

Events During 2014

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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