Historical Year Data · 1988

Germany Credit-to-GDP Gap in 1988

Germany Credit-to-GDP Gap opened 1988 at -6 and closed at -5.4, a +10.00% move for the year. The high of -5.4 was reached on December 31, and the low of -6 on March 31.

Open

-6

1988-01

-5.4

4 data points

High

-5.4

Dec 31

Low

-6

Mar 31

Full Year Change

+10.00%

1987 Change

+14.81%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-6	-6	-6	-6	+0.00%
Jun	-5.6	-5.6	-5.6	-5.6	+0.00%
Sep	-6	-6	-6	-6	+0.00%
Dec	-5.4	-5.4	-5.4	-5.4	+0.00%

Events During 1988

1982 Latin American Debt Crisis

Deflation

August 1982 – 1989

Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.

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