Sentences with phrase «trillions in economic output»

Yet while we have suffered an economic crisis produced by our own financial sector — losing millions of jobs, trillions in economic output, and further damaging our industrial base — China has largely shrugged off the global recession with high levels of growth and self - financed stimulus, all while purchasing billions of Treasury bills to finance our own deficit.

Tourism is an enormous sector of the U.S. economy, generating $ 2.1 trillion in economic output and supporting 15.1 million jobs, with international arrivals a key component, according to data from the U.S. Travel Association.

According to research by the Pharmaceutical Research and Manufacturers of America, the biotechnology and biopharmaceutical industries provide more than 850,000 direct jobs, contributing more than $ 1.2 trillion in economic output in the United States alone.

A persistent gap in academic achievement between children in the United States and their counterparts in other countries deprived the US economy of as much as $ 2.3 trillion in economic output in 2008, McKinsey research finds.1 1.

Not exact matches

If global economic growth fails to pick up, foregone output will rise to US$ 9 trillion in five years, Wilkins said.

According to its Ministry of Finance, assets of all state enterprises in 2008 totaled about $ 6 trillion (equal to 133 per cent of annual economic output.)

Not surprisingly, New York City and its surrounding area is the breadwinner here with an annual economic output of $ 1.43 trillion — the largest for any city in the United States.

Using the nearly $ 3 trillion drop in economic output resulting from the recent economic recession as a reference point, the author suggests that the achievement gap between the U.S. and academically top - performing countries «can be said to be causing the equivalent of a permanent recession.»

Accumulated over the lifetime of somebody born today, this improvement in achievement would amount to nothing less than an increase in total U.S. economic output of $ 112 trillion in present value.

A new report from TEEB (The Economics of Ecosystems and Biodiversity), conducted by Trucost, highlights the scale of the problem: unpriced natural capital (i.e. that which is not taken into account by the global market) was worth $ 7.3 trillion in 2009, equal to 13 percent of that year's global economic output.

That's trillion, with a «T,» a figure rivaling the entire globe's economic output in 2012.

Indeed, failure to reform would reduce Mexico's gross domestic product by 4 % in 2040, resulting in a cumulative loss of one trillion US dollars in total economic output.