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Trillion in sentence

2031 examples of Trillion in a sentence

Indeed, the projected costs of this approach – some $5 trillion annually by mid-century – are so much greater than its likely benefits that it makes no sense to call it a solution at all.
Given that Americans drive roughly three trillion miles annually, saving just one cent per mile implies $30 billion in annual savings.
As a sign of their support for the administration’s goals, the pharmaceutical industry and the hospital industry have together promised to reduce costs by a total of about $20 billion a year – a token amount, given government health spending of roughly $1 trillion and total health outlays of more than $2 trillion.
If the cost and financing estimates are accurate, and if Congress does not change any of these provisions in the future, the CBO’s calculations imply that the Senate Finance Committee plan would reduce fiscal deficits between now and 2019 by $49 billion, less than 1% of the projected deficits of more than $7 trillion.
Closing that gap could add more than $1 trillion to the government’s cost over the next 10 years.
Last year alone, passive funds grew 4.5 times faster than actively managed funds, narrowing the gap between the $23.9 trillion in actively managed assets and $6.7 trillion in passively managed assets.
Think about the critical moment of decision – when a megabank, like JP Morgan Chase (with a balance sheet of roughly $2 trillion), may be on the brink of failure.
At Boston University’s Global Development Policy Center, we estimate that the MDBs could increase lending by up to $1.9 trillion.
Domestic resources constitute the largest pool of funds available to developing countries, which mobilized $7.7 trillion in 2012, largely through taxes, duties, and natural-resource concessions.
Although global savings amount to $17 trillion and liquidity is at an all-time high, a relatively small share of these resources is being channeled toward investments that support development objectives, such as closing the massive infrastructure gap.
For our program to succeed, the global investment in education will need to rise steadily from $1.2 trillion now to $3 trillion by 2030; and low- and middle-income countries will need to modernize their education sectors by increasing their domestic investments to 5.8% of national spending, 1.8% above the current average.
By contrast, if the world succumbs to inaction and paralysis, we predict that it will cost global GDP $1.8 trillion by 2050.
The total cost to global GDP between now and then will have been $100 trillion.
Migrants added roughly $6.7 trillion to global GDP in 2015 – some $3 trillion more than they are projected to have produced had they stayed in their countries of origin.
MGI estimates that, in 2015, immigrants generated some $2 trillion in the United States, $550 billion in Germany, $390 billion in the United Kingdom, $330 billion in Australia, and $320 billion in Canada.
According to MGI research, narrowing the wage gap between immigrants and native-born workers to 5-10% would generate an additional $800 billion to $1 trillion per year in global output.
Owing partly to a strengthening renminbi, China’s total economic output grew to $12.7 trillion in 2017, representing a massive increase of 13% ($1.5 trillion) in just 12 months.
China’s staggering $1.5 trillion expansion in 2017 means that, in nominal terms, it essentially created a new economy the size of South Korea, twice the size of Switzerland, and three times the size of Sweden.
Since 2010, Chinese consumers have added around $2.9 trillion to the world economy.
According to SAFE, as of February 2012, China had accumulated $4.7 trillion in foreign assets through purchases of United States government securities and other investments, and more than $2.9 trillion in foreign liabilities through foreign direct investment (FDI) and borrowing.
This puts China’s net foreign assets at roughly $1.8 trillion.
If China runs an investment-income deficit with net assets of almost $2 trillion, how will it make the transition to an investment-income surplus?
Interestingly, whereas most Americans are well aware of the $700 billion price tag for restructuring banks and the $787 billion stimulus package, far less attention has been paid to the almost $1 trillion spent on the Afghanistan and Iraq wars.
Extrapolating Europe’s modest growth from 1980 onwards, my calculations show that output in the eurozone today is more than 15% below where it would have been had the 2008 financial crisis not occurred, implying a loss of some $1.6 trillion this year alone, and a cumulative loss of more than $6.5 trillion.
Countries on the periphery tend to be poorer and more dependent on commodities than the more developed world, and they must repay more than $1.4 trillion in bank loans in 2009 alone.
The ECB’s bailout initiatives climaxed with the introduction of quantitative easing (QE), whereby the Eurosystem’s central banks purchased €2.3 trillion ($2.8 trillion) in freshly printed euro securities – including government bonds worth €1.8 trillion – between 2015 and 2017.
This is dwarfed by China’s investment in the US, for example, where it has accumulated $1.3 trillion in US government debt alone.
In particular, experts like Hoenig who have thought about the cross-border dimensions of bankruptcy emphasize that it simply would not work for a corporation the size of JPMorgan Chase ($3.7 trillion in assets), Bank of America ($3 trillion), or Citigroup ($2.7 trillion).
So why do companies fork out more than $1.2 trillion a year – a full 1.5% of the world’s GDP – for international business travel?
It is no coincidence that from 2010 to 2014, the largest banks, firms, and investment funds increased their cash holdings by $3 trillion – roughly the amount by which central banks in reserve-currency countries expanded their balance sheets over the same period.
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