Historical Year Data · 1981

Korea Credit-to-GDP Gap in 1981

Korea Credit-to-GDP Gap opened 1981 at 7.8 and closed at 9.4, a +20.51% move for the year. The high of 9.4 was reached on December 31, and the low of 7.8 on March 31.

Open

7.8

1981-01

9.4

4 data points

High

9.4

Dec 31

Low

7.8

Mar 31

Full Year Change

+20.51%

1980 Change

+159.38%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	7.8	7.8	7.8	7.8	+0.00%
Jun	8.4	8.4	8.4	8.4	+0.00%
Sep	8.2	8.2	8.2	8.2	+0.00%
Dec	9.4	9.4	9.4	9.4	+0.00%

Events During 1981

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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