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The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [2] [1] [3] Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, [3] the US savings and loan crisis, and a general adoption of neoliberal ...
Since the Great Depression, however, there has been a general tendency for prices to rise every year. In the 1970s and early 1980s, annual inflation in most industrialized countries reached two digits (ten percent or more). The double-digit inflation era was of short duration, however, inflation by the mid-1980s returned to more modest levels.
The National Bureau of Economic Research considers two recessions to have occurred in the early 1980s. [7] The economy fell into recession from January 1980 to July 1980, shrinking at an 8 percent annual rate from April to June 1980. The economy then entered a quick period of growth, and in the first three months of 1981 grew at an 8.4 percent ...
The hyperinflation of the early 1980s provided a blueprint for the Fed's action today. To cool an overheated economy, the Fed raises interest rates and tightens the money supply. That causes ...
The economic crisis in Poland in the 1980s was accompanied by rising inflation when new money was printed to cover a budget deficit. Although inflation was not as acute as in 1920s, it is estimated that its annual rate reached around 600% in a period of over a year spanning parts of 1989 and 1990.
In talking about the current inflationary economy, it's easy to look at recent history for comparison. In 1979, the U.S. Federal Reserve tightened monetary policy to ease inflation that had been...
The war and the treaty were followed by the hyper-inflation of the early 1920s that wreaked havoc on Germany's social structure and political stability. During that inflation, the value of the nation's currency, the Papiermark , collapsed from 8.9 per US$1 in 1918 to 4.2 trillion per US$1 by November 1923.
Excluding the more volatile food and energy categories, so-called core inflation is up 3.3 percent from a year ago, BLS data also shows. The Fed’s preferred gauge of inflation is showing even ...