Queen's funeral might swing U.K.
economists predict recession

Despite all the extra festivities for the Queen's Platinum jubilee, the economy shrank by 0.1% in the second quarter.

Due to the additional bank holiday on September 19th, the day of Queen Elizabeth II's burial, it is possible that production could also be affected.

Supermarket giants including Tesco and Sainsbury's, as well as Associated British Foods' Primark division, have all announced they will be closed today.

After a drop of 0.6% in June, the Office of National Statistics reported on Monday that GDP increased by 0.2% in July.
According to George Buckley, top U.K. economist.

Furthermore, "the announcement of another bank holiday on September 19 could further impact GDP at the margin, over and above the recession .

Chief Economist at Investec in London, Philip Shaw, made a related observation.
Since GDP shrank by a little amount in the second quarter.

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