Historical Year Data · 2016
Italy Credit-to-GDP Gap in 2016
Italy Credit-to-GDP Gap opened 2016 at -14.2 and closed at -16.6, a -16.90% move for the year. The high of -13.9 was reached on June 30, and the low of -16.6 on December 31.
Open
-14.2
2016-01
Close
-16.6
4 data points
High
-13.9
Jun 30
Low
-16.6
Dec 31
Full Year Change
-16.90%
2015 Change
-52.94%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Mar | -14.2 | -14.2 | -14.2 | -14.2 | +0.00% |
| Jun | -13.9 | -13.9 | -13.9 | -13.9 | +0.00% |
| Sep | -14.8 | -14.8 | -14.8 | -14.8 | +0.00% |
| Dec | -16.6 | -16.6 | -16.6 | -16.6 | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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