The death of Queen Elizabeth II unexpectedly returned the severity to the economy of the United Kingdom (UK) which recently showed signs of recovery.
The statement was supported by data published by the UK Office for National Statistics, which saw Britain's gross domestic product (GDP) grow 0.2% during July after experiencing a 0.6% contraction in June.
Although GDP grew, it was still below forecast at 0.3%.
The reason for the failure outlined by the Statistics Office is the additional public holiday factor in conjunction with the Queen's 70th Platinum Jubilee during June.
Also supporting is Yael Selfin from KPMG UK by pointing out that the reason for the failure to achieve the projection is due to the weekly holiday period during the Jubilee event.
Back to the original topic, the Queen's mourning period which lasts until September 19 is expected to have an impact on GDP data this month.
Pantheon Macroeconomics' chief economist, Samuel Tombs, commented that the impact of the Queen's death will be more severe than during the Jubilee event as most businesses have been forced to close.
The streak, Pantheon set the September GDP forecast at 0.2% underlining the Queen's death dampened economic growth.
In the meantime, the Bank of England (BOE) has predicted that the UK's economic recession will arrive as early as the end of this year as the inflation rate peaks in more than 40 years.
That streak, the central bank is expected to continue raising interest rates several times in an effort to control inflation.
