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Treasury Minister Allan Bell says the Isle of Man is weathering the worldwide economic turmoil well.
Analysts in the United Kingdom say the recession there is one of the worst economic downturns for 50 years, but a UK newspaper has praised the Island for riding out the storm.
On Mandate, Mr Bell said it hadn't entirely escaped the effects of the credit crunch and the recession biting into the world economy.
But it was doing relatively well, and its economy was still strong:
Ministers to meet with LVA to discuss hospitality concerns
Comes after concerns raised about the issues facing the industry
Looneys of Ramsey to close
Number of factors behind the decision
Trade is good, but it's still a struggle to make a profit, says local business
Comes after calls for gov't to do more to help hospitality sector
Villiers Square development plans approved
Two buildings proposed for the site
Developer offers Newson's building to government 'free of charge'
But government minister thinks it wouldn't be appropriate to accept
Financial education course launched through UCM
Two-year course combines various qualifications
