IMF chief economist Gourinchas says global economy remains firmly 'dollar-centered'
Key takeaways
- REUTERS/Elizabeth Frantz · Reuters By Andrea Shalal Sat, June 27, 2026 at 12:06 AM GMT+7 1 min read By Andrea Shalal
- WASHINGTON, June 26 (Reuters) - Global trade flows and relationships are shifting after U.S.
- Stablecoin issuers were also holding gold as an asset, which was driving demand and prices higher, but even central banks were not actively buying gold.
IMF chief economist Gourinchas says global economy remains firmly 'dollar-centered' International Monetary Fund chief economist Pierre-Olivier Gourinchas attends the “World Economic Outlook” press briefing at the IMF/World Bank 2025 Annual Meetings in Washington, D.C., U.S., October 14, 2025. REUTERS/Elizabeth Frantz · Reuters By Andrea Shalal Sat, June 27, 2026 at 12:06 AM GMT+7 1 min read By Andrea Shalal
WASHINGTON, June 26 (Reuters) - Global trade flows and relationships are shifting after U.S. President Donald Trump imposed unilateral tariffs on most countries, but the U.S. dollar continues to anchor international trade, banking and central bank reserves, the International Monetary Fund's chief economist said on Friday.
Pierre-Olivier Gourinchas, who will leave the IMF and return to teaching next week, told Reuters in an interview that even sharp increases in the price of gold over the past few years had been largely driven by the rise of gold exchange-traded funds that allowed investors to buy into gold without holding the physical metal.