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Historical Year Data · 1979

Korea Credit-to-GDP Gap in 1979

Korea Credit-to-GDP Gap opened 1979 at -7.8 and closed at -2.8, a +64.10% move for the year. The high of -2.8 was reached on December 31, and the low of -7.8 on March 31.

Open
-7.8
1979-01
Close
-2.8
4 data points
High
-2.8
Dec 31
Low
-7.8
Mar 31
Full Year Change
+64.10%
1978 Change
+21.90%

Monthly Breakdown

MonthOpenCloseHighLowChange
Mar-7.8-7.8-7.8-7.8+0.00%
Jun-7.3-7.3-7.3-7.3+0.00%
Sep-4.5-4.5-4.5-4.5+0.00%
Dec-2.8-2.8-2.8-2.8+0.00%

Events During 1979

1979 Volcker Shock
Stagflation
October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

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