Historical Year Data · 1979

France Credit-to-GDP Gap in 1979

France Credit-to-GDP Gap opened 1979 at -5.1 and closed at -5.1, a +0.00% move for the year. The high of -5.1 was reached on December 31, and the low of -5.1 on December 31.

Open

-5.1

1979-01

-5.1

1 data points

High

-5.1

Dec 31

Low

-5.1

Dec 31

Full Year Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	-5.1	-5.1	-5.1	-5.1	+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.

Next Year

France Credit-to-GDP Gap in 1980→