How the economy would weather private-credit defaults rising to financial crisis-like levels

Core Viewpoint - A potential repeat of the 2008 crisis in private credit defaults is projected to have a limited impact on GDP growth, estimated to be between one-fifth and one-half of a percentage point [1] Group 1 - The impact of private credit defaults on GDP growth is quantified, indicating a range of 0.2% to 0.5% [1]