Fears of a recession loom as UK economy shrinks in April

Britain's gross domestic product fell by a monthly 0.3% in April according to the Office for National Statistics 

The main cause of the drop in services output was a 5.6% plunge in human health and social work.

The UK economy shrank in April at the sharpest pace in more than a year, raising the risk that the economy will contract in the second quarter.

Gross domestic product fell 0.3 from March when output declined 0.1%, the Office for National Statistics said Monday. A gain of 0.1% was predicted by economists.