Historical Year Data · 1980

UK Real GDP in 1980

UK Real GDP opened 1980 at 290,378 and closed at 281,496, a -3.06% move for the year. The high of 290,378 was reached on January 1, and the low of 281,496 on October 1.

Open

290,378

1980-01

281,496

4 data points

High

290,378

Jan 1

Low

281,496

Oct 1

Full Year Change

-3.06%

1979 Change

+3.10%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	290,378	290,378	290,378	290,378	+0.00%
Apr	284,713	284,713	284,713	284,713	+0.00%
Jul	284,402	284,402	284,402	284,402	+0.00%
Oct	281,496	281,496	281,496	281,496	+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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