Historical Year Data · 1981

France Credit-to-GDP Gap in 1981

France Credit-to-GDP Gap opened 1981 at -3.2 and closed at -2.4, a +25.00% move for the year. The high of -2.4 was reached on December 31, and the low of -3.6 on June 30.

Open

-3.2

1981-01

-2.4

4 data points

High

-2.4

Dec 31

Low

-3.6

Jun 30

Full Year Change

+25.00%

1980 Change

+57.75%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-3.2	-3.2	-3.2	-3.2	+0.00%
Jun	-3.6	-3.6	-3.6	-3.6	+0.00%
Sep	-3.6	-3.6	-3.6	-3.6	+0.00%
Dec	-2.4	-2.4	-2.4	-2.4	+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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