Historical Year Data · 1979

UK Real GDP in 1979

UK Real GDP opened 1979 at 284,457 and closed at 293,265, a +3.10% move for the year. The high of 296,841 was reached on April 1, and the low of 284,457 on January 1.

Open

284,457

1979-01

293,265

4 data points

High

296,841

Apr 1

Low

284,457

Jan 1

Full Year Change

+3.10%

1978 Change

+3.43%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	284,457	284,457	284,457	284,457	+0.00%
Apr	296,841	296,841	296,841	296,841	+0.00%
Jul	290,297	290,297	290,297	290,297	+0.00%
Oct	293,265	293,265	293,265	293,265	+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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