UK economy shrinks between April and June

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Between April and June, the UK economy shrunk.

The economy contracted in the second quarter.

The first three months of this year saw GDP grow.

According to the Bank of England, the UK will fall into recession by the end of this year and it will last for the whole of next year.

The economy shrank in June due to an extra bank holiday, as well as releasing figures for the second quarter.

It was better than the economists predicted. The bank holiday didn't have a big impact on the quarterly figure according to the ONS.

The biggest contributor to the 0.1% contraction between April and June was from human health and social work activities.

Tourism, bars and entertainment showed strong growth.

"Health was the biggest reason the economy contracted as both the test and trace and vaccine programmes were wound down, while many retailers also had a tough quarter," saidDarren Morgan, director of economic statistics at the ONS.

Growth in hotels, bars, hairdressers and outdoor events was partially offset by the Platinum Jubilee celebrations.

According to Yael Selfin, the economy is not yet in a recession.

A recession is when the economy gets smaller for a couple of months. The UK economy grew by 0.8% in the first three months of the year, but fell in the second quarter.

The fall in GDP in the second quarter was caused by temporary factors such as an extra bank holiday and the end of the test and trace scheme.

We expect a more severe downturn to take place at the end of the year because of the signs of weakness in the economy.