Historical Year Data · 1989

Germany Credit-to-GDP Gap in 1989

Germany Credit-to-GDP Gap opened 1989 at -6.5 and closed at -5, a +23.08% move for the year. The high of -5 was reached on December 31, and the low of -6.5 on March 31.

Open

-6.5

1989-01

-5

4 data points

High

-5

Dec 31

Low

-6.5

Mar 31

Full Year Change

+23.08%

1988 Change

+10.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-6.5	-6.5	-6.5	-6.5	+0.00%
Jun	-6.2	-6.2	-6.2	-6.2	+0.00%
Sep	-6.2	-6.2	-6.2	-6.2	+0.00%
Dec	-5	-5	-5	-5	+0.00%

Events During 1989

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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