Historical Year Data · 1980

France Credit-to-GDP Gap in 1980

France Credit-to-GDP Gap opened 1980 at -7.1 and closed at -3, a +57.75% move for the year. The high of -3 was reached on December 31, and the low of -7.1 on March 31.

Open

-7.1

1980-01

-3

4 data points

High

-3

Dec 31

Low

-7.1

Mar 31

Full Year Change

+57.75%

1979 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-7.1	-7.1	-7.1	-7.1	+0.00%
Jun	-4.9	-4.9	-4.9	-4.9	+0.00%
Sep	-5	-5	-5	-5	+0.00%
Dec	-3	-3	-3	-3	+0.00%

Events During 1980

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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