UK’s Jubilee Bank Holiday May Nudge Economy Into a Contraction
Updated: 30 May 2022, 09:59 AM IST
TL;DR.The bank holiday to celebrate Queen Elizabeth II’s 70 years on the throne may tip the UK economy into contraction but save it from the technical definition of a recession.
FILE PHOTO: Britain's Queen Elizabeth reacts as she watches horses competing on the second day of the Royal Windsor Horse Show and Platinum Jubilee Celebration in Windsor, Britain, May 13, 2022. REUTERS/Toby Melville/File Photo