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The US economy continues to make a slow recovery back from the bottom. In January 2010, unemployment improved, more new jobs were found and most measures of economic growth remained positive. However, most economists agreed that growth would be slow but steady, with full recovery and rapid growth beginning to occur at the end of 2010.
 

Welcome to the latest edition of Boss News - February may be the shortest month of the year but there certainly seems to have been a great deal of activity in the sector, as you will see on perusing the news items.
 

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In a recent report, earlier this month, in PC World, India’s leading Software trade body, Nasscom, voiced concerns about the potential negative impact of President Obama’s January state of the nation speech, indicating it was time to slash the tax breaks for companies that ship U.S. jobs overseas, and give those tax breaks to companies that create jobs in the U.S.
 

UK inflation hit 3.5% in January up from 2.9% in December. Although this was not unexpected and was due in no small part to the rise in the standard rate of VAT, the adverse weather conditions also played a part, by hitting retail sales; sales volumes were down by 3.7% in Q4.
 
The Bank of England Governor reiterated the Bank’s view that the overshoot will be 'temporary', since there is a 'substantial' margin of spare capacity in the economy. Indeed, the Bank expects inflation to undershoot the target next year.