Historical Year Data · 1988

US Credit-to-GDP Gap in 1988

US Credit-to-GDP Gap opened 1988 at 8.8 and closed at 8.2, a -6.82% move for the year. The high of 8.9 was reached on June 30, and the low of 8.2 on December 31.

Open

8.8

1988-01

8.2

4 data points

High

8.9

Jun 30

Low

8.2

Dec 31

Full Year Change

-6.82%

1987 Change

+5.62%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	8.8	8.8	8.8	8.8	+0.00%
Jun	8.9	8.9	8.9	8.9	+0.00%
Sep	8.3	8.3	8.3	8.3	+0.00%
Dec	8.2	8.2	8.2	8.2	+0.00%

Events During 1988

1982 Latin American Debt Crisis

Deflation

August 1982 – 1989

Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.

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