Recoil on any gun is around its center of gravity (and partly around the CG of the shooter/gun system). That is what causes the muzzle to rise. Recoil comes straight back, in line with the barrel. But the barrel is higher than the CG of the gun, so the straight-back tangential force is translated into a circular motion around the CG. If the barrel is on the CG, as in some guns, there is no muzzle rise, only a straight back push.
I don't have a Caracal pistol, but it will obey the laws of physics just like any other pistol. While the bullet is moving out the barrel, the recoil, which started at the same time as the bullet, is moving the whole gun, barrel, slide and all. That is independent of what the barrel and slide are doing at the time.
For any pistol of significant recoil, the bore line and sight line cannot be parallel. There is an exception for pistols of small caliber and low recoil. Since the barrel is lower than the sights, the designer depends on the muzzle rise to bring the barrel in line with the target as the gun recoils. Because recoil is low, there is no need to start with the barrel pointing downward.
Jim
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