Historical Year Data · 2010
Australia Credit-to-GDP Gap in 2010
Australia Credit-to-GDP Gap opened 2010 at 1.8 and closed at -8.7, a -583.33% move for the year. The high of 1.8 was reached on March 31, and the low of -8.7 on December 31.
Open
1.8
2010-01
Close
-8.7
4 data points
High
1.8
Mar 31
Low
-8.7
Dec 31
Full Year Change
-583.33%
2009 Change
-50.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | 1.8 | 1.8 | 1.8 | 1.8 | +0.00% |
| Jun | -0.8 | -0.8 | -0.8 | -0.8 | +0.00% |
| Sep | -4.5 | -4.5 | -4.5 | -4.5 | +0.00% |
| Dec | -8.7 | -8.7 | -8.7 | -8.7 | +0.00% |
Events During 2010
2010 Flash Crash
Goldilocks
May 6, 2010
On May 6, 2010, the Dow Jones Industrial Average fell nearly 1,000 points in minutes before recovering. The Flash Crash exposed the fragility of modern electronic market structure.
2010 European Sovereign Debt Crisis
Deflation
April 2010 – July 2012
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
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