Historical Year Data · 1980

Australia Credit-to-GDP Gap in 1980

Australia Credit-to-GDP Gap opened 1980 at 0.8 and closed at 1.7, a +112.50% move for the year. The high of 2.3 was reached on June 30, and the low of 0.8 on March 31.

Open

0.8

1980-01

1.7

4 data points

High

2.3

Jun 30

Low

0.8

Mar 31

Full Year Change

+112.50%

1979 Change

+144.44%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	0.8	0.8	0.8	0.8	+0.00%
Jun	2.3	2.3	2.3	2.3	+0.00%
Sep	1.7	1.7	1.7	1.7	+0.00%
Dec	1.7	1.7	1.7	1.7	+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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