Historical Year Data · 1988

UK Credit-to-GDP Gap in 1988

UK Credit-to-GDP Gap opened 1988 at 14.3 and closed at 17.5, a +22.38% move for the year. The high of 17.8 was reached on September 30, and the low of 14.3 on March 31.

Open

14.3

1988-01

17.5

4 data points

High

17.8

Sep 30

Low

14.3

Mar 31

Full Year Change

+22.38%

1987 Change

-10.27%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	14.3	14.3	14.3	14.3	+0.00%
Jun	16.5	16.5	16.5	16.5	+0.00%
Sep	17.8	17.8	17.8	17.8	+0.00%
Dec	17.5	17.5	17.5	17.5	+0.00%

Events During 1988

1982 Latin American Debt Crisis

Deflation

August 1982 – 1989

Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.

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