Historical Year Data · 2006

India Credit-to-GDP Gap in 2006

India Credit-to-GDP Gap opened 2006 at 21 and closed at 18.6, a -11.43% move for the year. The high of 21 was reached on March 31, and the low of 18.1 on June 30.

Open

2006-01

18.6

4 data points

High

Mar 31

Low

18.1

Jun 30

Full Year Change

-11.43%

2005 Change

+30.17%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	21	21	21	21	+0.00%
Jun	18.1	18.1	18.1	18.1	+0.00%
Sep	20	20	20	20	+0.00%
Dec	18.6	18.6	18.6	18.6	+0.00%

Events During 2006

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.

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