Trillion
in sentence
2031 examples of Trillion in a sentence
Based on conventional estimates, this would avoid total climate damages of about $1.1
trillion
across the century.
However, it would cut economic growth by around $40
trillion
a year.
In other words, we would effectively be spending $40
trillion
every year by the end of the century to do just over $1
trillion
worth of total good.
But it also makes economic sense – $160
trillion
worth, to be precise.
A new report released by the World Bank Group, with support from the Canadian government, finds that if women had the same lifetime earnings as men, global wealth would increase by $23,620 per person, on average, in the 141 countries studied, for a total of $160
trillion.
According to one estimate, middle-class consumers in a dozen emerging economies today wield annual purchasing power totaling approximately $6.9
trillion.
Indeed, projections from McKinsey & Company suggest that the purchasing power of this rising middle class in emerging markets may rise to $20
trillion
over the next decade – twice the current level of consumption in the United States.
This is equivalent to shifting $1.1
trillion
of Americans’ total annual income to these families – more than the total income of the bottom 40% of US households.
In 2014, Russia’s GDP was $2.1
trillion
(at the current exchange rate).
It has plunged to $1.1
trillion.
The US Defense Department has valued Afghanistan’s untapped mineral deposits at $1
trillion.
America’s Senate Democrats propose $1.5
trillion
in higher taxes over ten years (on top of the $600 billion agreed in early January), $100 billion (twice that, for House Democrats) in new stimulus spending, and modest longer-term expenditure cuts.
How could this happen when, at least on paper, all problems had seemingly been resolved during May’s extraordinary EU summit meeting, which created a European Financial Stability Facility (EFSF) and ensured total funding of close to $1
trillion?
But, given the 20:1 liability-capital ratio in the banking sector, this approach implies that the funding requirements will become astronomical: compared to a €450 billion bill if potential losses remain undisclosed and dispersed, €9
trillion
in debt guarantees would be needed to ensure the stability of the eurozone’s banking system.
This is certainly high-stakes poker, with huge sums hanging in the balance in the $170
trillion
global financial market.
This is partly why China’s foreign-exchange reserves have swelled so rapidly, from $250 billion in 2000 to $4
trillion
this year.
Unsustainable Development GoalsARUSHA – At the end of this month, one of the most consequential political conferences of the decade will take place, with more than 150 world leaders gathering in New York to set the path for global development spending – more than $2.5
trillion
– between now and 2030.
The new Obama administration is proposing spending plans that would create a record US deficit of more than one
trillion
dollars – and this coming on top of the outgoing Bush administration’s record deficit.
Recorded at the market exchange rate, however, these earnings translate into 1.2
trillion
kyat – an amount large enough to eliminate Burma’s budget deficit, as well as the destructively inflationary money printing that is the regime’s preferred method of public finance.
Back in 1997, a pioneering paper by Robert Costanza and his colleagues put the overall value of marine ecosystem services at $21
trillion.
He argues that much of the apparent growth in value added has in fact been illusory, based on increased leverage, excess trading, and banks writing deep out-of-the-money options – for example, credit-default swaps (a $60
trillion
market in 2007).
India’s GDP of $3.3
trillion
compares to China’s $5 trillion, and is 20% that of the United States.
As a means of bringing back this estimated $1.7
trillion
in foreign earnings, the Senate Finance Committee’s draft proposals suggest the elimination of deferral.
We also estimate that under a transition plan for taxing the existing stock of foreign earnings held abroad, similar to one proposed by US Representative Dave Camp, US MNCs would repatriate about $1
trillion
of these earnings, adding more than $200 billion to US GDP and about 1.5 million US jobs over the next few years.
From 2007 to 2014, the central banks of the four reserve-issuing economies (the US, the eurozone, the United Kingdom, and Japan) expanded their balance sheets by $7.2
trillion.
While this increased the broad money supply by $9 trillion, private-sector credit increased by only $1.8 trillion, revealing a serious flaw in the transmission of unconventional monetary policy to the real economy.
An estimated $6
trillion
in infrastructure investment will be needed annually over the next 15 years just to address global warming.
Moreover, the G30 has estimated that an additional $7.1
trillion
in annual investment by the nine top economies – which account for 60% of world output – will be needed to sustain moderate global growth.
Of course, the road to becoming a reserve currency is long, especially for the SDR, which currently functions only as a reserve asset, with an issuance size ($285 billion) that is small relative to global official reserves of $10.5
trillion
(excluding gold).
Consider a scenario in which member central banks increase their SDR allocation in the IMF by, say, $1
trillion.
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