Historical Year Data · 1981

Spain Credit-to-GDP Gap in 1981

Spain Credit-to-GDP Gap opened 1981 at -3.7 and closed at 1.3, a +135.14% move for the year. The high of 1.3 was reached on December 31, and the low of -3.7 on March 31.

Open

-3.7

1981-01

1.3

4 data points

High

1.3

Dec 31

Low

-3.7

Mar 31

Full Year Change

+135.14%

1980 Change

+44.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-3.7	-3.7	-3.7	-3.7	+0.00%
Jun	-2.4	-2.4	-2.4	-2.4	+0.00%
Sep	-1.4	-1.4	-1.4	-1.4	+0.00%
Dec	1.3	1.3	1.3	1.3	+0.00%

Events During 1981

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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