Historical Year Data · 1988

Italy Credit-to-GDP Gap in 1988

Italy Credit-to-GDP Gap opened 1988 at 2.8 and closed at 7.5, a +167.86% move for the year. The high of 7.5 was reached on December 31, and the low of 2.8 on March 31.

Open

2.8

1988-01

7.5

4 data points

High

7.5

Dec 31

Low

2.8

Mar 31

Full Year Change

+167.86%

1987 Change

+152.63%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	2.8	2.8	2.8	2.8	+0.00%
Jun	4.5	4.5	4.5	4.5	+0.00%
Sep	3.6	3.6	3.6	3.6	+0.00%
Dec	7.5	7.5	7.5	7.5	+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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