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:
Businesses have until April to prepare for minimum wage increase
Treasury minister says meeting the living wage has been a goal for years
Infrastructure minister insists school buses will not be scrapped
Dr Michelle Haywood says some routes could become normal services, where capacity allows
Braddan Commissioners says social housing roof works doubled in costÂ
It was one of a number of issues discussed at its monthly public meeting
Unemployment remains at 0.6 percent as vacancies rise
Labour Market Report shows 273 people registered out of work in September
