Historical Year Data · 1989

UK Credit-to-GDP Gap in 1989

UK Credit-to-GDP Gap opened 1989 at 18.8 and closed at 19.5, a +3.72% move for the year. The high of 20.3 was reached on September 30, and the low of 18.8 on March 31.

Open

18.8

1989-01

19.5

4 data points

High

20.3

Sep 30

Low

18.8

Mar 31

Full Year Change

+3.72%

1988 Change

+22.38%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	18.8	18.8	18.8	18.8	+0.00%
Jun	19.8	19.8	19.8	19.8	+0.00%
Sep	20.3	20.3	20.3	20.3	+0.00%
Dec	19.5	19.5	19.5	19.5	+0.00%

Events During 1989

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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