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Historical Year Data · 1980

Turkey Real GDP Growth (WEO) in 1980

Turkey Real GDP Growth (WEO) opened 1980 at -2.45% and closed at -2.45%, a +0.00% move for the year. The high of -2.45% was reached on December 31, and the low of -2.45% on December 31.

Open
-2.45%
1980-01
Close
-2.45%
1 data points
High
-2.45%
Dec 31
Low
-2.45%
Dec 31
Full Year Change
+0.00%
1979 Change
+0.00%

Monthly Breakdown

MonthOpenCloseHighLowChange
Dec-2.45%-2.45%-2.45%-2.45%+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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