Historical Year Data · 1980

Canada Credit-to-GDP Gap in 1980

Canada Credit-to-GDP Gap opened 1980 at 7 and closed at 6.7, a -4.29% move for the year. The high of 7.3 was reached on June 30, and the low of 6.6 on September 30.

Open

1980-01

6.7

4 data points

High

7.3

Jun 30

Low

6.6

Sep 30

Full Year Change

-4.29%

1979 Change

-1.32%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	7	7	7	7	+0.00%
Jun	7.3	7.3	7.3	7.3	+0.00%
Sep	6.6	6.6	6.6	6.6	+0.00%
Dec	6.7	6.7	6.7	6.7	+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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