The Caithness Business Index has posted the following article:

Bank forecasts significantly stronger than in May

[IMG][/IMG] Although the Bank of England on Thursday upgraded its forecasts for GDP significantly, its projections still suggest the UK has experienced one of the largest economic hits among rich countries, the Resolution Foundation said on Thursday in response to the Bank's Monetary Policy Report. The Bank notes that in its central case - in which a rapid recovery is underway this quarter - the economy is still expected to shrink by 9.5 per cent this year. [Read Full Article]