Gov't upbeat about declining economy

End of 32 years of growth

The Policy and Reform Minister is disappointed by the end of 32 years of growth for the Island's economy.

It was revealed yesterday that GDP declined by 0.9% in 2015/16.

However, Chris Thomas says there are now many reasons to be cheerful with people starting to have more money in their pockets.

He adds we have enjoyed a great run compared with our neighbours:

More from Isle of Man News