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Trillion in sentence

2031 examples of Trillion in a sentence

The report concludes that a $3.6 trillion investment (roughly one-fifth of the country’s annual GDP) will be needed by 2020 to boost the quality of US infrastructure by addressing the “significant backlog of overdue maintenance [and the] pressing need for modernization.”
Pension funds, insurance companies, and mutual funds in the US manage combined assets totaling roughly $30 trillion, and they have been struggling to find investments that match their long-term obligations.
And, if intervention fails, even boosting the fund to €1 trillion or €1.5 trillion would be inadequate, because there would be a crippling domino effect: a Spanish crisis would affect Italy, an Italian crisis would hit France, and a French crisis would leave Germany as virtually the sole guarantor of an unbearable debt burden.
There was no $1 trillion infrastructure package.
The Obama administration came out with a plan to spend up to $1 trillion dollars to buy banks’ toxic assets, but the plan has been put on hold.
But the central government enjoyed a 28% increase in revenues over the last year, and has more than $3 trillion in foreign-exchange reserves.
According to the McKinsey Global Institute, the world still invests only $2.5 trillion annually in transportation, water, power, and telecommunication networks, well short of the estimated $3.3 trillion needed just to keep up with current trends.
Household wealth is now $10 trillion dollars less than it was before the recession began.
If this reduction continues after the economy recovers – as seems likely, given the cost-containment incentives in the Affordable Care Act (commonly known as Obamacare) – the US stands to spend $2 trillion less on health care over the coming decade.
Although the US trade deficit fell to $375 billion in 2009, from $702 billion in 2007, the adjustment came entirely from a sharp decline in imports, from $2.35 trillion to $1.95 trillion, whereas exports actually fell slightly, from $1.65 trillion to $1.57 trillion.
At the same time, the European Central Bank unleashed its €1 trillion ($1.3 trillion) long-term refinancing operation, which pulled the European banking system back from the brink.
Four Steps to US Fiscal HealthWASHINGTON, DC – The United States has a significant budget deficit, likely to be $1.3 trillion (10% of GDP) this year, and the long-term forecasts are worrying.
Estimates from the International Energy Agency (IEA) suggest that in a “new policies” scenario that is broadly comparable with national commitments enshrined in the Paris agreement, the world would need to invest $68.3 trillion in energy-related systems between now and 2040.
Given annual global GDP of $74 trillion, the incremental $6 trillion of investment over 25 years represents only a small economic burden.
An additional $14 trillion should allocated to renewable or nuclear energy, or to buildings and transport systems to deliver improvements in energy efficiency, offset by a decline of more than $6 trillion in investment in oil, gas, and coal production.
And lower investment would be matched by a decline in cumulative fossil-fuel revenues amounting to as much as $34 trillion more than under the IEA’s “new policies” scenario, owing not only to lower volumes of oil, gas, and coal consumed, but also to significantly lower prices.
In the 30 years from 1983 to 2013, the US borrowed from the rest of the world in net terms more than $13.3 trillion, or about 80% of one year’s GDP.
So, if we do the accounting, the US today must owe the rest of the world roughly $12.4 trillion (13.3 minus 0.9).
Assuming a 4% yield, this would be equivalent to owning $5.7 trillion in foreign capital.
In fact, the difference between what the US “should” be paying if the Piketty calculation was right is about $710 billion in annual income, or $17.7 trillion in capital – the equivalent of its yearly GDP.
To see the effect of this omission, consider that America’s net borrowing of $13 trillion dramatically understates the extent of gross borrowing, which was more like $25 trillion in gross terms.
The US used $13 trillion to cover its deficit and the rest to invest abroad.
In fact, 9% on $12 trillion is more than 4% on $25 trillion, thus explaining the apparent puzzle.
After all, Apple, Google, and Facebook are jointly worth more than $1 trillion, even though the capital originally invested in them is a minuscule fraction of that.
A 60% increase in productivity would create an additional $1.6 trillion in annual output – roughly the equivalent of the Canadian economy – and add 2% to global GDP.
The budget deficit will surpass $1 trillion this year, and, with growth already above its potential rate and unemployment well below its natural rate, the cyclical argument for such stimulus is weak.
The Trump administration believes that it has the bargaining tools to recalibrate the relationship to America’s advantage, including a tariff on Chinese imports or even selectively defaulting on the more than $1 trillion the US owes to China.
The Fed bought Treasury bonds and mortgage-backed securities, increasing its balance sheet from $900 billion in 2008 to about $4.5 trillion now.
As a result, the government’s net sale of bonds will rise from about $700 billion a year in 2017 to more than $1 trillion in 2019 and about $1.5 trillion in 2027.
The cumulative increase in the debt during the decade will therefore be about $10 trillion.
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