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:
Steam Packet sailings cancelled as strong winds and rough seas forecast
Adverse weather expected to bring gales, heavy rain and very rough sea conditions
Black ice warnings issued as police report hazardous road conditions
Motorists urged to take care as the Mountain Road closes and icy conditions affect routes across the Island
Shadow fleet tanker seized by US once sailed under Isle of Man flag
The vessel, now operating as Olina, was formerly registered in Douglas as British Mallard and later linked to sanctions breaches involving Venezuelan oil
Young people using AI to 'bully and ridicule' peers with potentially indecent images - Manx police
Specialist officers working with schools to clamp down on misuse of tech
