Historical Year Data · 1989

India Credit-to-GDP Gap in 1989

India Credit-to-GDP Gap opened 1989 at 0 and closed at -0.7, a +0.00% move for the year. The high of 0 was reached on March 31, and the low of -1.9 on September 30.

Open

1989-01

-0.7

4 data points

High

Mar 31

Low

-1.9

Sep 30

Full Year Change

+0.00%

1988 Change

-86.67%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	0	0	0	0	+0.00%
Jun	-0.6	-0.6	-0.6	-0.6	+0.00%
Sep	-1.9	-1.9	-1.9	-1.9	+0.00%
Dec	-0.7	-0.7	-0.7	-0.7	+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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