A net growth rate of 4.7 per cent for the Isle of Man's economy during the financial year 2008-2009 put it at the forefront of nations across Europe.
Minister for Economic Development Allan Bell calls it 'a very pleasant piece of news', during what has been a turbulent twelve months.
The figure is included in the Manx Treasury's 2008-2009 National Income Report, and Mr Bell believes there is a simple reason for the Island's success:
Sharp rise in property sales in November
Nearly 150 more than October
Business confidence cools as costs climb and demand outlook weakens, survey finds
Rising labour and energy expenses dominate concerns, while optimism around future demand and profitability remains muted
Dates for rebranded Isle of Man Food and Drink Festival announced
'The Big Manx Feast' will return in September next year
Isle of Man launches fourth annual Innovation Challenge
Entries focused on health and social care
