Historical Year Data · 1979

Korea Credit-to-GDP Gap in 1979

Korea Credit-to-GDP Gap opened 1979 at -7.77 and closed at -2.82, a +63.72% move for the year. The high of -2.82 was reached on December 31, and the low of -7.77 on March 31.

Open

-7.77

1979-01

-2.82

4 data points

High

-2.82

Dec 31

Low

-7.77

Mar 31

Full Year Change

+63.72%

1978 Change

+21.99%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-7.77	-7.77	-7.77	-7.77	+0.00%
Jun	-7.31	-7.31	-7.31	-7.31	+0.00%
Sep	-4.49	-4.49	-4.49	-4.49	+0.00%
Dec	-2.82	-2.82	-2.82	-2.82	+0.00%

Events During 1979

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.

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Related Metrics

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Germany Credit-to-GDP Gap

1979

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Historical Year Data · 1979

Korea Credit-to-GDP Gap in 1979

Korea Credit-to-GDP Gap opened 1979 at -7.77 and closed at -2.82, a +63.72% move for the year. The high of -2.82 was reached on December 31, and the low of -7.77 on March 31.