Developed economies are still experiencing a hard landing after the credit crunch, despite data...

|By:, SA News Editor

Developed economies are still experiencing a hard landing after the credit crunch, despite data showing small increases in GDP, says FX analyst Stephen Gallo. As a result, investors should worry more about the West than about China, which is managing its slowdown. What we're experiencing is "the result of the bursting of the credit bubble," Gallo says. “This is what a hard landing looks like."