Historical Year Data · 1974

Italy Real GDP Growth (WEO) in 1974

Italy Real GDP Growth (WEO) opened 1974 at 5.50% and closed at 5.50%, a +0.00% move for the year. The high of 5.50% was reached on December 31, and the low of 5.50% on December 31.

Open

5.50%

1974-01

5.50%

1 data points

High

5.50%

Dec 31

Low

5.50%

Dec 31

Full Year Change

+0.00%

1973 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	5.50%	5.50%	5.50%	5.50%	+0.00%

Events During 1974

1973 OPEC Oil Embargo

Stagflation

October 1973 – March 1974

OPEC quadrupled oil prices and embargoed shipments to the United States in response to US support for Israel in the Yom Kippur War. The shock launched a decade of stagflation.

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