There's growing concern that current tax and spending policies help pensioners, but are unfair on younger generations.
EU goods are expected to face a tariff of around 20% when entering the United States.
The report found Guernsey has strong social trust, community solidarity, and a deep sense of connection.
Income data across 2021-22 has shown a strong pandemic bounce-back, the Isle of Man government says.
Having the people "to fill key roles" is "fundamental" to the Manx economy, an MHK says.
Early indicators are positive in the Manx economic plan's first year, the chief minister says.
Official figures show Scotland's rate is 4.5% compared with a UK-wide rate of 5.1%