Historical Year Data · 1980

Korea Credit-to-GDP Gap in 1980

Korea Credit-to-GDP Gap opened 1980 at 3.2 and closed at 8.3, a +159.38% move for the year. The high of 8.3 was reached on December 31, and the low of 3.2 on March 31.

Open

3.2

1980-01

8.3

4 data points

High

8.3

Dec 31

Low

3.2

Mar 31

Full Year Change

+159.38%

1979 Change

+64.10%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	3.2	3.2	3.2	3.2	+0.00%
Jun	4.7	4.7	4.7	4.7	+0.00%
Sep	6.8	6.8	6.8	6.8	+0.00%
Dec	8.3	8.3	8.3	8.3	+0.00%

Events During 1980

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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