Historical Year Data · 1999
France Credit-to-GDP Gap in 1999
France Credit-to-GDP Gap opened 1999 at -7.2 and closed at -2.6, a +63.89% move for the year. The high of -2.6 was reached on December 31, and the low of -7.2 on March 31.
Open
-7.2
1999-01
Close
-2.6
4 data points
High
-2.6
Dec 31
Low
-7.2
Mar 31
Full Year Change
+63.89%
1998 Change
-32.76%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | -7.2 | -7.2 | -7.2 | -7.2 | +0.00% |
| Jun | -4.9 | -4.9 | -4.9 | -4.9 | +0.00% |
| Sep | -4 | -4 | -4 | -4 | +0.00% |
| Dec | -2.6 | -2.6 | -2.6 | -2.6 | +0.00% |
Events During 1999
1990 Japanese Bubble Collapse
Deflation
January 1990 – 2003
The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.
1998 Euro Launch & 1999 Introduction
Goldilocks
May 1998 – January 2002
Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.
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