In his latest blog post Peter Matheson, the Economics Counsellor at the British Embassy in Washington presents some economic lessons from Valentine’s Day.

Ah Valentine’s Day. A day of aspiration, fluttering hearts, yearning and, inevitably, crushing disappointment for some.

The lovesick teen waiting for the mailman on 14 February: It’s a bit like policymakers waiting for the latest economic data release on GDP or employment. Hoping for the best; preparing for the worst; often ending up somewhere in the middle of the two (which, in Valentines terms, means getting a card from someone other than the object of your desire)…

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