The Caithness Business Index has posted the following article:

UK Officially In Recession

The economy is in a technical recession after Quarter 2 (Apr to June) 2020 saw a record fall of 20.4%, following a significant shock since the start of the coronavirus (COVID-19) pandemic; this follows a fall of 2.2% during Quarter 1 (Jan to Mar) 2020. Monthly gross domestic product (GDP) rose by 8.7% during June 2020 but is 17.2% below February 2020 levels. [Read Full Article]