Historical Year Data · 1979

China Real GDP Growth (WEO) in 1979

China Real GDP Growth (WEO) opened 1979 at 7.59% and closed at 7.59%, a +0.00% move for the year. The high of 7.59% was reached on December 31, and the low of 7.59% on December 31.

Open

7.59%

1979-01

7.59%

1 data points

High

7.59%

Dec 31

Low

7.59%

Dec 31

Full Year Change

+0.00%

1978 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Dec	7.59%	7.59%	7.59%	7.59%	+0.00%

Events During 1979

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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