Historical Year Data · 2023
Euro Area Credit-to-GDP Gap in 2023
Euro Area Credit-to-GDP Gap opened 2023 at -16.6 and closed at -19.8, a -19.28% move for the year. The high of -16.6 was reached on March 31, and the low of -19.8 on December 31.
Open
-16.6
2023-01
Close
-19.8
4 data points
High
-16.6
Mar 31
Low
-19.8
Dec 31
Full Year Change
-19.28%
2022 Change
-52.75%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | -16.6 | -16.6 | -16.6 | -16.6 | +0.00% |
| Jun | -18.1 | -18.1 | -18.1 | -18.1 | +0.00% |
| Sep | -19.2 | -19.2 | -19.2 | -19.2 | +0.00% |
| Dec | -19.8 | -19.8 | -19.8 | -19.8 | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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