Historical Year Data · 1981

UK Credit-to-GDP Gap in 1981

UK Credit-to-GDP Gap opened 1981 at -1 and closed at 3, a +400.00% move for the year. The high of 3 was reached on December 31, and the low of -1 on March 31.

Open

-1

1981-01

4 data points

High

Dec 31

Low

-1

Mar 31

Full Year Change

+400.00%

1980 Change

+16.67%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-1	-1	-1	-1	+0.00%
Jun	-1	-1	-1	-1	+0.00%
Sep	0.6	0.6	0.6	0.6	+0.00%
Dec	3	3	3	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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