Queen's funeral set to knock UK economy after rebound

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Queen's funeral set to knock UK economy after rebound
United States Latest News,United States Headlines
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The UK's recession-threatened economy rebounded in July, data showed Monday but is set to receive a further hit from a public holiday marking next week's funeral of Queen Elizabeth II.

British gross domestic product expanded 0.2 percent after a drop of 0.6 percent in June, the Office for National Statistics said in a statement.

Britain usually has only one public holiday in early summer but the amount was doubled for the Jubilee. "That suggests that a technical recession -- widely defined as two quarters of declining GDP -- is hanging in the balance."

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