Historical Year Data · 1979

US Credit-to-GDP Gap in 1979

US Credit-to-GDP Gap opened 1979 at -3.5 and closed at -1.22, a +65.26% move for the year. The high of -1.22 was reached on December 31, and the low of -3.5 on March 31.

Open

-3.5

1979-01

-1.22

4 data points

High

-1.22

Dec 31

Low

-3.5

Mar 31

Full Year Change

+65.26%

1978 Change

+26.29%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-3.5	-3.5	-3.5	-3.5	+0.00%
Jun	-2.27	-2.27	-2.27	-2.27	+0.00%
Sep	-1.6	-1.6	-1.6	-1.6	+0.00%
Dec	-1.22	-1.22	-1.22	-1.22	+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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Historical Year Data · 1979

US Credit-to-GDP Gap in 1979

US Credit-to-GDP Gap opened 1979 at -3.5 and closed at -1.22, a +65.26% move for the year. The high of -1.22 was reached on December 31, and the low of -3.5 on March 31.