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Trillion in sentence

2031 examples of Trillion in a sentence

But if they want to prop up the currency, they may have to spend down another trillion dollars in reserves, as happened in 2015.
In Spain, the public debt-to-GDP ratio is 69%, but the debt of the Spanish banking system totals 305% of GDP, or about €3.3 trillion – about as much as the combined public debt of all five crisis-stricken eurozone countries.
Bringing their collective $1.3 trillion in assets to bear, the coalition’s members plan to scrutinize the actions of boards of directors more closely, in order to strengthen accountability and encourage independent board leadership.
The New York Times commentary that Stiglitz proudly cites calls for a stimulus of “at least $600 billion to $1 trillion over two years.”
Even accounting for transition costs and competition effects, it could add some $13 trillion to total output by 2030 and boost global GDP by about 1.2% per year.
With US national income exceeding $20 trillion, the increased cost would be a little more than 0.5% of total US spending.
The Tax Cuts and Jobs Act of 2017 and the Bipartisan Budget Act of 2018 are projected to put the deficit above $1 trillion by next year, even as most economists project the unemployment rate to move lower.
Some officials argue that foreign investors’ appetite for US government debt – the rest of the world holds almost half of all outstanding Treasury securities, worth more than $6 trillion – insulates America from economic harm.
Capital-account surpluses, mirrored in current-account deficits, summed to about $3.3 trillion from 2010 to 2017, compared to an $8 trillion aggregate federal deficit.
As a result of policymakers’ heavy focus on the exchange rate, China’s State Administration of Foreign Exchange has now accumulated more than $4 trillion in reserves – far exceeding the amount needed to cover any imaginable currency emergency.
Time to Nationalize Insolvent BanksNEW YORK – A year ago, I predicted that the losses of US financial institutions would reach at least $1 trillion and possibly go as high as $2 trillion.
Indeed, since then, the write-downs by US banks have already passed the $1 trillion mark (my floor estimate of losses), and institutions such as the IMF and Goldman Sachs now predict losses of more than $2 trillion.
But if you think that the $2 trillion figure is already huge, the latest estimates by my research consultancy RGE Monitor suggest that total losses on loans made by US financial firms and the fall in the market value of the assets they hold (things like mortgage-backed securities) will peak at about $3.6 trillion.
US banks and broker dealers are exposed to about half of this figure, or $1.8 trillion; the rest is borne by other financial institutions in the US and abroad.
The capital backing the banks’ assets was only $1.4 trillion last fall, leaving the US banking system some $400 billion in the hole, or close to zero even after the government and private-sector recapitalization of such banks.
Another $1.5 trillion is needed to bring banks’ capital back to pre-crisis level, which is needed to resolve the credit crunch and restore lending to the private sector.
Large buffers of saving (53% of GDP) and foreign-exchange reserves ($3.3 trillion) are at the top of the list.
Moreover, China, which holds nearly $2 trillion in foreign reserves, must be part of this rescue mission.
As a result, the net worth of American households rose by $10 trillion in 2013, leading to increases in consumer spending and business investment.
Europe’s Short VacationNEW YORK – Since last November, the European Central Bank, under its new president, Mario Draghi, has reduced its policy rates and undertaken two injections of more than €1 trillion of liquidity into the eurozone banking system.
Originally announced in 2013, Xi’s plan to integrate Eurasia through a trillion dollars of investment in infrastructure stretching from China to Europe, with extensions to Southeast Asia and East Africa, has been termed China’s new Marshall Plan as well as its bid for a grand strategy.
These inflows are expected to top US$1 trillion in the not-so-distant future.
And, as a region, East Asia will now get more of the roughly $8 trillion that the Asian Development Bank has estimated that the region will need to keep growing through 2020.
Instead, Americans have been bombarded for decades with reports about wage stagnation, declining household income, and growing inequality – all while hearing about the $3 trillion price tag for the war in Iraq.
Since the prolonged showdown over the budget began earlier this year, the stock market has lost about 20% of its value (roughly $10 trillion).
For example, student debt in the United States has now ballooned to $1.5 trillion.
Or, consider that Apple and Amazon’s market capitalizations have each topped $1 trillion.
By agreeing to limit the current tax rates for just two years, the tax package reduces the projected national debt at the end of the decade (relative to what it would have been with the Obama budget) by some $2 trillion or nearly 10% of GDP in 2020.
The trouble is that lofty ambitions come with a high price tag, and there remains a funding gap of around $2.5 trillion if all 17 goals are to be met.
This is negligible relative to the US fiscal deficit, which might reach close to $1 trillion this year.
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