UK not in recession after Q2 growth The UK's economy is not currently in recession, with a revised reading showing growth in Q2. Data from the Office for National Statistics (ONS) shows economic output was up 0.2% between April and June. The revised figure comes after a previous reading pointed to a 0.1% decline. Despite posting growth in Q2, the ONS revealed that the economy is 0.2% smaller than it was before the pandemic, with this downwardly revised from a previous estimate that it is 0.6% bigger. The report said the UK is the only economy among G7 nations yet to rise above the pre-pandemic level seen in Q4 2019. The ONS also believes that the UK economy shrank by 11% in 2020 – the year of the coronavirus outbreak – with this a more severe contraction than the previous estimate of 9.8%. The Bank of England recently warned that the UK could already be in a recession - which is defined as two consecutive quarters of GDP shrinking. The Bank’s recession warning stemmed from a forecast that the economy would shrink by 0.1% in Q3 and came before the ONS revised its Q2 reading.