Stormy Waters Ahead for the UK Economy

According to Deutsche Bank (NYSE:DB) economist Sanjay Raja, the UK economy is facing more turbulent waters. Evaluating October's GDP data, Raja noted that business surveys indicate a further weakening in activity in the final months of the year. He warned investors that uncertainties surrounding taxes and spending, along with adverse weather conditions impacting retail and service expenditures, are further increasing obstacles to the country's economic recovery.