Historical Year Data · 1988

Sahm Rule Recession Indicator in 1988

Sahm Rule Recession Indicator opened 1988 at 0.00% and closed at 0.00%, a +0.00% move for the year. The high of 0.03% was reached on September 1, and the low of 0.00% on July 1.

Open

0.00%

1988-01

0.00%

4 data points

High

0.03%

Sep 1

Low

0.00%

Jul 1

Full Year Change

+0.00%

1987 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jul	0.00%	0.00%	0.00%	0.00%	+0.00%
Aug	0.00%	0.00%	0.00%	0.00%	+0.00%
Sep	0.03%	0.03%	0.03%	0.03%	+0.00%
Oct	0.00%	0.00%	0.00%	0.00%	+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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