Alex Allinson responds to concerns over GDP and GNP figures
The treasury minister says there's no evidence that the Isle of Man is in recession.
It follows questions in Tynwald this week over figures which show a year-on-year reduction in real Gross National Product since 2020, and reduction in real Gross Domestic Product and GNP since 2017.
Alex Allinson admits the Island has faced its 'challenges' over the past few years.
But he believes there's reason to be confident:
Person dies following road traffic collision at Hillberry
Police provide update after incident closed roads in the area
Contractors to start installing 20mph signs in Douglas and Onchan
Infrastructure Minister confirms work will start next week
Accessible bus stops rolled out across Bus Vannin network
Department of Infrastructure says upgrades will make travel easier for wheelchair and mobility scooter users
Road closures in place following incident in Hillberry area
Police response ongoing with Little Mill Road, Cronk-ny-Mona and Creg Ny Baa affected
£1 million National AI Office launched to coordinate artificial intelligence policy and adoption
NAIO to oversee strategy, guidance and skills development across public and private sectors