Historical Year Data · 1980

China Real GDP Growth (WEO) in 1980

China Real GDP Growth (WEO) opened 1980 at 7.83% and closed at 7.83%, a +0.00% move for the year. The high of 7.83% was reached on December 31, and the low of 7.83% on December 31.

Open

7.83%

1980-01

7.83%

1 data points

High

7.83%

Dec 31

Low

7.83%

Dec 31

Full Year Change

+0.00%

1979 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	7.83%	7.83%	7.83%	7.83%	+0.00%

Events During 1980

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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