Historical Year Data · 2008

Korea Credit-to-GDP Gap in 2008

Korea Credit-to-GDP Gap opened 2008 at 2.2 and closed at 10, a +354.55% move for the year. The high of 10 was reached on December 31, and the low of 2.2 on March 31.

Open

2.2

2008-01

4 data points

High

Dec 31

Low

2.2

Mar 31

Full Year Change

+354.55%

2007 Change

+81.08%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	2.2	2.2	2.2	2.2	+0.00%
Jun	5.1	5.1	5.1	5.1	+0.00%
Sep	7.4	7.4	7.4	7.4	+0.00%
Dec	10	10	10	10	+0.00%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

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