banquedefranceBanque de France130296235821470105709/07/2020 - 15:30The default of a systemic #firm is likely to have a recessionary effect. A systemic default is expected to be followed by a 3⃣% #decrease in aggregate #consumption and by three more systemic defaults within two years. WP ➡️ https://t.co/8UNIKVyx37 #BdFeco