Trillion
in sentence
2031 examples of Trillion in a sentence
A five-times leverage would enable the IMF to increase either lending to member countries or investments in infrastructure via multilateral development banks by at least $5
trillion.
The OECD has estimated that meeting all 17 SDGs, which comprise 169 specific development targets, would cost $3.3-4.5
trillion
annually – about the same as the United States’ 2016 federal budget, and far more than the nearly $132 billion spent globally on overseas development aid last year.
In fact, just providing universal primary education would require at least $17 billion of additional spending per year, and a UN General Assembly intergovernmental committee estimates that eradicating poverty would require annual investments in infrastructure of $5-7
trillion
globally.
The concerns range from worries about the destabilizing ramifications of an exit strategy from QE to apprehension about capital losses on the Fed’s rapidly ballooning portfolio of securities (currently $3 trillion, and on its way to $4
trillion
by the end of this year).
That means that the world economy is now producing around $70
trillion
in total annual output, compared to around $10
trillion
in 1960.
Today’s $70
trillion
world economy will be at $140
trillion
before 2030, and $280
trillion
before 2050 if we extrapolate from today’s growth rate.
But, relative to China’s total savings and investments (more than $5
trillion
per year) and a banking system with total assets over $30 trillion, this level of spending is easily manageable.
Finally, investors are adding nearly a
trillion
dollars worth of net dollar securities to their positions every year, thus increasing the risk of continued dollar accumulation.
Given that the share of US-dollar-denominated Chinese corporate debt, though low by international standards, rose markedly in recent years, the reserve-to-money ratio may be as informative as the headline $3.2
trillion
reserve number.
In the Review on AMR, we showed that global GDP could suffer a $100
trillion
loss over the next 34 years if we do not make certain public-health interventions between now and 2050.
Those interventions would cost around $40 billion over a decade, which is to say that the investment needed to prevent $100
trillion
in lost growth costs less than 0.1% of current global GDP.
This is odd, given that Japan is still the world’s second largest economy, with a GDP of $5
trillion
– more than China and India combined.
For all these reasons, purchasing private-sector securities alone will not enable the ECB to achieve its stated goal of expanding its balance sheet by €1
trillion
($1.2 trillion).
In 2016, China shipped more than $2
trillion
worth of goods around the world, 13% of total global exports.
Annual consumption is expected to rise by nearly $2
trillion
by 2021, equivalent to adding another consumer market the size of Germany to the global economy.
By capping the exchange rate and producing far more than it consumes, China’s reserves grew into a Leviathan, hitting the $1
trillion
mark in 2005.
Over the past year and a half, China’s reserves skyrocketed to $1.8 trillion, far and away the world’s largest.
The two conflicts have claimed more than 6,000 American lives, cost more than $1 trillion, and consumed countless hours for two presidents and their senior staff.
Accounting for diminished economic productivity, direct costs to health-care systems, and the investment required to mitigate the impact of obesity, the McKinsey report places the annual losses at $2 trillion, or 2.8% of world GDP.
That is almost as big as the burdens of smoking and armed conflict, war, and terrorism, each of which amount to an estimated $2.1
trillion.
If these and other asset prices reverted to their historic benchmarks, investors would suffer losses in excess of $10 trillion, leading to declines in consumer spending and business investment.
And how can it possibly ever become negative, as it now is in much of the global economy, with the world’s moneyed people “bribing” governments to borrow from them more than $5.5
trillion?
By contrast, in China, the asset side of the state balance sheet is very large: land, foreign-currency reserves of $3.5 trillion, and around an 85% stake in state-owned enterprises that account for about 40% of output.
As a result, the biggest asset and credit bubble in human history is now going bust, with overall credit losses likely to be close to a staggering $2
trillion.
The world needs to increase investment in transportation, power, water, and telecom systems from $2.5
trillion
a year to $3.3
trillion
every year through 2030 just to support projected economic growth, according to new estimates from the McKinsey Global Institute.
Given that these investors have some $120
trillion
in assets under management, the bottleneck is not a shortage of capital, but rather a dearth of well-prepared, bankable projects.
China ran a very large current-account surplus during the early 2000s and accumulated a vast stock of foreign reserves – including at least several
trillion
dollars’ worth of US Treasury debt.
The agreement reached in Paris contains promises that, if enacted between now and the target date of 2030, will cost the global economy at least $1
trillion
dollars a year – and possibly twice as much if politicians make inefficient policy choices.
The total economic impact of obesity is about $2
trillion
a year, or 2.8% of world GDP – roughly equivalent to the economic damage caused by smoking or armed violence, war, and terrorism, according to new research by the McKinsey Global Institute (MGI).
After all, large enterprises are sitting on a few
trillion
dollars in cash, so money is not what is holding them back from investing and hiring.
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