Historical Year Data · 1979

Germany Credit-to-GDP Gap in 1979

Germany Credit-to-GDP Gap opened 1979 at -2.4 and closed at -1, a +58.33% move for the year. The high of -1 was reached on December 31, and the low of -2.4 on March 31.

Open

-2.4

1979-01

-1

4 data points

High

-1

Dec 31

Low

-2.4

Mar 31

Full Year Change

+58.33%

1978 Change

+55.56%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-2.4	-2.4	-2.4	-2.4	+0.00%
Jun	-1.7	-1.7	-1.7	-1.7	+0.00%
Sep	-2.2	-2.2	-2.2	-2.2	+0.00%
Dec	-1	-1	-1	-1	+0.00%

Events During 1979

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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